Monetary Policy

Monetary Policy

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by N. Gregory Mankiw
     
 

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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.

Overview

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.

Editorial Reviews

Booknews
In nine papers, from a January 1993 conference organized by the National Bureau of Economic Research, leading monetary economists evaluate a variety of policy rules based on monetary aggregates, nominal income, commodity prices, and other economic variables; analyze the behavior of prices and inflation with an emphasis on understanding the short-run behavior of prices; examine the monetary transmission mechanism--the channel through which the central bank's actions affect spending on goods and services; and analyze the causes and effects of the Federal Reserve's shift to an explicitly disinflationary policy. Annotation c. Book News, Inc., Portland, OR (booknews.com)

Product Details

ISBN-13:
9780226503097
Publisher:
University of Chicago Press
Publication date:
03/28/1997
Series:
National Bureau of Economic Research Studies in Business Cycles Series
Edition description:
1
Pages:
356
Product dimensions:
6.00(w) x 9.00(h) x 0.90(d)

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