Monetary Policy Strategy
Publisher: The MIT Press; MIT Press
Published: October 31, 2007
Language: eng
Format: Hardcover
Number of pages: 568
ISBN-13: 9780262134828
Subjects: Macroeconomics; Business & Economics; Business / Economics / Finance; Business/Economics; Economics - Macroeconomics; Money & Monetary Policy; Business & Economics / Money & Monetary Policy; Monetary policy
Description: "Frederic Mishkin is not only an academic expert in the field but also has been a high-level policymaker. He is well positioned to discuss the changes in the conduct of monetary policy in recent years, in particular the turn to inflation targeting. Monetary Policy Strategy describes his work over the last ten years, offering published papers, new introductory material, and a summing up, "Everything You Wanted to Know about Monetary Policy Strategy, But Were Afraid to Ask," which reflects on what we have learned about monetary policy over the last thirty years." "Mishkin blends theory, evidence, and case studies of monetary policy in advanced and emerging market and transition economies. Throughout, his focus is on these key areas: the importance of price stability and a nominal anchor; fiscal and financial preconditions for achieving price stability; central bank independence as an additional precondition; central bank accountability; the rationale for inflation targeting; the optimal inflation target; central bank transparency and communication; and the role of asset prices in monetary policy."--BOOK JACKET.