Monetary policy and the decision process of choosing an optimal interest rate for an economy : can you do better? / James Bowen.

Format:

Book

Author/Creator:

Bowen, James, 1962- author.

Series:

SAGE business cases.

SAGE business cases

Language:

English

Subjects (All):

Banks and banking, Central--Case studies.

Banks and banking, Central.

Finance, Public--Case studies.

Finance, Public.

Physical Description:

1 online resource.

Place of Publication:

London : SAGE Publications: SAGE Business Cases Originals, 2026.

Summary:

This case focuses on the decision process enacted by central banks in choosing interest rates. Although this case specifically focuses on the process followed by the Bank of Canada, the process is similar in other central banks. Central banks shape the national or union's economy through their setting of interest rates. Typically, central banks make an interest decision once per month. The decisions include raising or lowering the interest rates, or maintaining the existing interest rate. However, there is a general criticism that central banks are slow to react to the needs of an economy due to their reliance on historical data. In this case, students are asked to consider the economic theories used by central banks, the goals of a central bank, and their decision process, and to address the criticism of these processes by evaluating and recommending other approaches.

Notes:

Description based on XML content.

ISBN:

1-03-622884-3

9781036228842

OCLC:

1569208490

Publisher Number:

T298536