Monetary Policy
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aggregates
bank lending
business cycles
Category=KCBM
central banking
commodity prices
currency
dollar
economics
employment
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eq_business-finance-law
eq_isMigrated=1
eq_isMigrated=2
eq_nobargain
eq_non-fiction
exchange rates
federal reserve
finance
forecasting
gdp
inflation
investment
labor
monetary policy
nominal income
nonfiction
price behavior
regression
sacrifice ratio
saving
spending
transmission
Product details
- ISBN 9780226503097
- Weight: 539g
- Dimensions: 15 x 23mm
- Publication Date: 15 Mar 1997
- Publisher: The University of Chicago Press
- Publication City/Country: US
- Product Form: Paperback
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In this text leading monetary economists discuss applied aspects of monetary policy and offer practical research on the timing, magnitude, and channels of central banking actions. The contributors evaluate a variety of policy rules based on monetary aggregates, nominal income, commodity prices, and other economic variables. They also analyze price behaviour and inflation, particularly the short-run behaviour of prices. Other papers 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. The book is intended for monetary specialists, graduate students and economists.
