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Monetary Policy

Опубликовано на портале: 30-01-2003
Chicago: University of Chicago Press, 1994
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.

В этой книге помимо статей авторов Вы можете прочитать комментарии на каждую работу таких известных экономистов, как John B. Taylor, Bennett T. McCallum, Olivier Jean Blanchard, Benjamin M. Friedman.


Introduction by N. Gregory Mankiw

1. The Use of a Monetary Aggregate to Target Nominal GDP
Martin Feldstein, James H. Stock

2. Nominal Income Targeting
Robert E. Hall, N. Gregory Mankiw

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

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

5. What Determines the Sacrifice Ratio?
Laurence Ball

6. Measuring Core Inflation
Michael F. Bryan, Stephen G. Cecchetti

7. Monetary Policy and Bank Lending
Anil K. Kashyap, Jeremy C. Stein

8. Historical Perspectives on the Monetary Transmission Mechanism
Jeffrey A. Miron, Christina D. Romer, David N. Weil

9. Federal Reserve Policy: Cause and Effect
Matthew D. Shapiro


Author Index

Subject Index

Ключевые слова

См. также:
Ari Aisen, Francisco Veiga
IMF, Working Paper. 2006.  No. 06/212.
Richard G. Lipsey
Terry J. Fitzgerald
Federal Reserve Bank of Cleveland. 1999. 
David Laidler
Jordi Gali, Mark Gertler
Journal of Monetary Economics. 1999.  Vol. 44. No. 2. P. 195-222.