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Monetary Transmission in Diverse Economies
     

Monetary Transmission in Diverse Economies

by Lavan Mahadeva
 

Monetary policy mistakes can cause serious economic damage. Central banks and their worldwide observers must strive to understand the transmission mechanism of monetary policy so that they know what monetary policy can do and what it should do to stabilize inflation and output—however imprecise that understanding may be. This volume sets out different aspects

Overview

Monetary policy mistakes can cause serious economic damage. Central banks and their worldwide observers must strive to understand the transmission mechanism of monetary policy so that they know what monetary policy can do and what it should do to stabilize inflation and output—however imprecise that understanding may be. This volume sets out different aspects of the transmission mechanism, covering practical difficulties, as well as focusing on key areas such as the exchange rate and the monetary sector. The experiences of many countries are explained.

Editorial Reviews

From the Publisher
Review of the hardback: 'The diversity of approaches and topics covered offers a variety of interesting insights into the modelling of monetary transmission and its application to monetary policy making.' International Journal of Finance & Economics

Review of the hardback: '... the papers unsurprisingly maintain a high standard and make for very worthwhile reading ...' International Affairs

Product Details

ISBN-13:
9780521013253
Publisher:
Cambridge University Press
Publication date:
10/27/2011
Pages:
276
Product dimensions:
5.98(w) x 9.02(h) x 0.59(d)

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