Monetary Transmission in Diverse Economies (Hardback)
  • Monetary Transmission in Diverse Economies (Hardback)
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Monetary Transmission in Diverse Economies (Hardback)

(editor), (editor)
£72.00
Hardback 276 Pages / Published: 17/10/2002
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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.

Publisher: Cambridge University Press
ISBN: 9780521813464
Number of pages: 276
Weight: 570 g
Dimensions: 228 x 152 x 19 mm


MEDIA REVIEWS
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

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