Monetary policy / edited by N. Gregory Mankiw.

Format:

Book

Contributor:

Mankiw, N. Gregory.

Series:

Studies in business cycles ; no. 29.

Studies in business cycles ; v. 29

Language:

English

Subjects (All):

Economic policy--Congresses.

Economic policy.

Monetary policy--United States--Congresses.

Monetary policy.

Physical Description:

1 online resource (358 p.)

Edition:

1st ed.

Place of Publication:

Chicago : University of Chicago Press, 1994.

Language Note:

English

Summary:

In Monetary Policy, leading monetary economists discuss applied aspects of monetary policy and offer practical new research on the timing, magnitude, and channels of central banking actions. Some of the papers in this volume evaluate a variety of policy rules based on monetary aggregates, nominal income, commodity prices, and other economic variables. Others analyze price behavior and inflation, particularly the short-run behavior of prices. Still others examine the monetary transmission mechanism-the channel through which the central bank's actions affect spending on goods and services-with a special focus on the reduction in bank lending that must accompany a reduction in reserves. This new research will be of special interest to central bankers and academic economists.

Contents:

Front matter

Contents

Acknowledgments

Introduction

1. The Use of a Monetary Aggregate to Target Nominal GDP

2. Nominal Income Targeting

3. Nonstandard Indicators for Monetary Policy: Can Their Usefulness Be Judged from Forecasting Regressions?

4. On Sticky Prices: Academic Theories Meet the Real World

5. What Determines the Sacrifice Ratio?

6. Measuring Core Inflation

7. Monetary Policy and Bank Lending

8. Historical Perspectives on the Monetary Transmission Mechanism

9. Federal Reserve Policy: Cause and Effect

Contributors

Author Index

Subject Index

Notes:

Description based upon print version of record.

Includes bibliographical references and indexes.

Description based on online resource; title from PDF title page (publisher's Web site, viewed 24. Apr 2020)

ISBN:

9786611223823

9781281223821

1281223824

9780226503103

0226503100

OCLC:

437248167