Monetary policy : goals, institutions, strategies, and instruments / Peter Bofinger, in collboration with Julian Reischle and Andrea Schächter.

Format:

Book

Author/Creator:

Bofinger, Peter, author.

Reischle, Julian, 1966- author.

Schächter, Andrea, 1968- author.

Series:

Oxford scholarship online.

Oxford scholarship online

Language:

English

Subjects (All):

European Central Bank.

Monetary policy.

Monetary policy--European Union countries.

Monetary policy--United States.

Local Subjects:

European Central Bank.

Physical Description:

1 online resource (xxi, 454 p.) : ill.

Edition:

1st ed.

Place of Publication:

Oxford : Oxford University Press, 2023.

Summary:

This volume provides a description and analysis of monetary policy in Europe and the United States. It focuses on actual monetary policy - targets, institutions, strategies, and instruments.

Contents:

Introduction; Part I. Theoretical Fundaments of Monetary Policy; 1. What is money?; 2. The demand for money; 3. The money supply process: starting point of the transmission process; 4. Monetary policy transmission; Part II. Domestic Aspects of Monetary Policy; 5. The ultimate goal and the final targets of monetary policy; 6. The institutional framework for monetary policy I: 'rules versus discretion'; 7. The institutional framework of monetary policy II: the design of the central bank legislation; 8. Strategies ('simple rules') for a stability-oriented monetary policy; 9. The conduct of monetary policy by the world's major central banks; 10. The instruments of monetary policy; 11. Seigniorage and inflation tax; Part III. Monetary Policy in an Open Economy; 12. Important building blocks of open-economy macroeconomics; 13. Monetary policy strategies in an open economy; References; Index of names; Index of subjects.

Notes:

Previously issued in print: 2001.

Includes bibliographical references.

Derived record based on print version record and publisher information.

ISBN:

1-383-03732-9

1-283-63782-0

0-19-166484-7

OCLC:

813396448