Monetary Transmission in Diverse Economies
Book Details
Format
Paperback / Softback
ISBN-10
0521013259
ISBN-13
9780521013253
Publisher
Cambridge University Press
Imprint
Cambridge University Press
Country of Manufacture
GB
Country of Publication
GB
Publication Date
Oct 27th, 2011
Print length
276 Pages
Weight
410 grams
Dimensions
22.70 x 15.30 x 1.70 cms
Product Classification:
Monetary economicsInternational economicsPolitical economyBanking
Ksh 6,250.00
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This volume explains different aspects of the transmission mechanism. It scrutinizes the relevance of practical issues such as asymmetries, recent structural changes and estimation errors using data on the US, Euro area and developing countries. Also focuses on modelling crucial aspects including productivity, the exchange rate and the monetary sector.
The transmission mechanism of monetary policy explains how monetary policy works - which variables respond to interest rate changes, when, why, how, how much and how predictably. It is vital that central banks and their observers, worldwide, understand the transmission mechanism so that they know what monetary policy can do and what it should do to stabilize inflation and output. The volume sets out different aspects of the transmission mechanism. Some chapters scrutinize the relevance of practical issues such as asymmetries, recent structural changes and estimation errors using data on the USA, the Euro area and developing countries. Other chapters focus on modelling crucial aspects such as productivity, the exchange rate and the monetary sector. These issues are counterpointed by contributions that analyse monetary policy in Japan and the UK.
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