Central banking, monetary theory and practice
Celebrating the contribution that Charles Goodhart has made to monetary economics and policy, this unique compendium of original papers draws together a highly respected group of international academics, central bankers and financial market regulators covering a broad range of issues in modern monet...
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| Format: | eBook |
| Language: | English |
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Cheltenham
Edward Elgar Pub
2003
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| Series: | Essays in honour of Charles Goodhart
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| Collection: | Edward Elgar eBook Archive - Collection details see MPG.ReNa |
| Summary: | Celebrating the contribution that Charles Goodhart has made to monetary economics and policy, this unique compendium of original papers draws together a highly respected group of international academics, central bankers and financial market regulators covering a broad range of issues in modern monetary economics. Topics discussed include: central bank independence; credibility and transparency; the inflation forecast and the loss function; monetary policy experiences in the US and the UK; the implications of Goodhart's Law; the benefits of single versus multiple currencies; and money, near monies and credit 1. No money, no inflation : the role of money in the economy -- 2. Central bank independence -- 3. The use and meaning of words in central banking : inflation, targeting, credibility and transparency -- 4. The inflation forecast and the loss function -- 5. Six practical views of central bank transparency -- 6. The phases of US monetary policy : 1987-2001 -- 7. UK monetary policy, 1972-97 : a guide using Taylor rules -- 8. Goodhart's law : its origins, meaning and implications for monetary policy -- 9. A cost of unified currency -- 10. Money and the monetization of credit |
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| Physical Description: | xii, 292 p ill |
| ISBN: | 1840646144 9781781950777 9781840646146 9781843768418 |