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Monetary Policy in the Open Economy: What Role for Exchange Rates?: Theory and Evidence from the Federal Reserve - Couverture souple

Sokol, Andrej

 
9783844385625: Monetary Policy in the Open Economy: What Role for Exchange Rates?: Theory and Evidence from the Federal Reserve
Couverture souple
ISBN 10 : 3844385622 ISBN 13 : 9783844385625
Editeur : LAP LAMBERT Academic Publishing, 2011

Synopsis

This work investigates the relationship between exchange rates and the decision making process that we currently call monetary policy, i.e. a central bank’s problem of setting the short-term interest rate in order to achieve some basic macroeconomicgoals, asking whether in addition to the traditional goals of monetary policy, namely price stability and business cycle stabilization, the exchange rate should not be included as a further objective of monetary policy in theoretical models and policy discussions. Based on an econometric study of the behaviour of the Federal Reserve from 1979 to 2007, as well as on theoretical arguments from the macroeconomic as well as from the policy literature, it concludes that there is indeed scope for the inclusion of excahnge rates in monetary policy analyses and decisions.

Les informations fournies dans la section « Synopsis » peuvent faire référence à une autre édition de ce titre.

Présentation de l'éditeur

This work investigates the relationship between exchange rates and the decision making process that we currently call monetary policy, i.e. a central bank’s problem of setting the short-term interest rate in order to achieve some basic macroeconomicgoals, asking whether in addition to the traditional goals of monetary policy, namely price stability and business cycle stabilization, the exchange rate should not be included as a further objective of monetary policy in theoretical models and policy discussions. Based on an econometric study of the behaviour of the Federal Reserve from 1979 to 2007, as well as on theoretical arguments from the macroeconomic as well as from the policy literature, it concludes that there is indeed scope for the inclusion of excahnge rates in monetary policy analyses and decisions.

Biographie de l'auteur

The author studied Management, Economics and Industrial Engineering at Politecnico di Milano (2003-2008), where he was subsequently also Visiting Researcher (2009). He then worked as a freelance economics consultant, and is currently completing the MSc Economics at Queen Mary, University of London.

Les informations fournies dans la section « A propos du livre » peuvent faire référence à une autre édition de ce titre.

Éditeur
LAP LAMBERT Academic Publishing
Date d'édition
2011
Langue
anglais
ISBN 10 
3844385622
ISBN 13 
9783844385625
Reliure
Broché
Nombre de pages
116
Coordonnées du fabricant
non disponible
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