The Interest Rate Conditioning Assumption - Couverture souple

Goodhart, Charles

 
9781249557616: The Interest Rate Conditioning Assumption
Couverture souple
ISBN 10 : 1249557615 ISBN 13 : 9781249557616
Editeur : Bibliogov, 2012

Synopsis

A central bank's forecast must contain some assumption about the future path for its own policy-determined short-term interest rate. I discuss the advantages and disadvantages of the three main alternatives: i. Constant from the latest level ii. As implicitly predicted from the yield curve iii. Chosen by the monetary policy committee (MPC) Most countries initially chose alternative (i). With many central banks having planned to raise interest rates at a measured pace in the years 2004-06, there was a shift to (ii). However, Norway, and now Sweden, has followed New Zealand in adopting (iii), and the United Kingdom has also considered this move. So this is a lively issue.

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Éditeur
Bibliogov
Date d'édition
2012
Langue
anglais
ISBN 10 
1249557615
ISBN 13 
9781249557616
Reliure
Broché
Nombre de pages
28
Coordonnées du fabricant
non disponible
Personne responsable
non disponible

Autres éditions populaires du même titre

9781297046933: The Interest Rate Conditioning Assumption - Scholar's Choice Edition

Edition présentée

ISBN 10 :  1297046935 ISBN 13 :  9781297046933
Editeur : Scholar's Choice, 2015
Couverture souple