Monetary Analysis at Central Banks

by David Cobham (Editor)

Overview

Whatever happened to the money supply? This book explains how the analysis of monetary and credit aggregates is undertaken at the Bank of England, the European Central Bank and (as an example of a developing country) the Bank of Tanzania. The book also explores how this analysis relates to these central banks' monetary policy strategies and how it feeds into policymaking. An editorial introduction provides the intellectual and historical background – from the contributions of key economists such as Milton Friedman and Jacques Polak, to monetary targeting and inflation targeting – and argues that central banks and policy analysts would be foolish to neglect the insights monetary analysis can offer. The papers compiled in Monetary Analysis at Central Banks demonstrate just how useful and varied those insights are.

Product Details

ISBN-13:	9781349955213
Publisher:	Palgrave Macmillan UK
Publication date:	06/08/2018
Edition description:	Softcover reprint of the original 1st ed. 2016
Pages:	139
Product dimensions:	5.83(w) x 8.27(h) x (d)

About the Author

David Cobham taught at the University of St Andrews, Scotland, UK, from 1976 to 2005, during which time he was Houblon-Norman research fellow at the Bank of England in 1987 and again in 2001. Since 2005 he has been Professor of Economics at Heriot-Watt University, Scotland, UK. David specialises in monetary policy and has published numerous papers and books in this area.

Table of Contents

1. Introduction: Monetary Analysis and Monetary Policy; David Cobham.- 2. The Analysis of Money and Credit during the Financial Crisis: The Approach at the Bank of England; Jon Bridges, James Cloyne, Ryland Thomas and Alex Tuckett.- 3. Central Banks as Balance Sheets of Last Resort: The ECB's Monetary Policy in a Flow-of-funds Perspective; Philippine Cour-Thimann and Bernhard Winkler.- 4. Evolving Monetary Policy Frameworks in Low Income Countries: The Tanzanian Experience; Christopher Adam, Pantaleo Kessy and Ben Langford.

Editorial Reviews

By covering the monetary-policy frameworks and implications in three countries, partly with a comparative perspective, this book contributes to the understanding of the changes in monetary policy analysis in the post-GR period. As such, it is of considerable interest to those in the central-banking practice, as well monetary theorists around the world.” (Bilin Neyapti, Journal of Economic Literature, Vol. 55 (1), March, 2017)

From the Publisher