Central Bank Strategy Credibility And Independence

Author : Alex Cukierman
Publisher : MIT Press
ISBN 13 : 9780262031981
Total Pages : 532 pages
Book Rating : 4.81/5 ( download)

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Download or read book Central Bank Strategy, Credibility, and Independence written by Alex Cukierman and published by MIT Press. This book was released on 1992 with total page 532 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book brings together a large body of Cukierman's research and integrates it with recent developments in the political economy of monetary policy.

Author : Francesco Lippi
Publisher : Edward Elgar Publishing
ISBN 13 : 9781782542971
Total Pages : 180 pages
Book Rating : 4.73/5 ( download)

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Download or read book Central Bank Independence, Targets, and Credibility written by Francesco Lippi and published by Edward Elgar Publishing. This book was released on 1999-01-27 with total page 180 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book integrates new political and economic elements into the analysis of monetary policy credibility and central bank independence. The author considers imperfect monetary control, rational voters, distributional issues and uncertainty about future policy objectives in his welfare analysis of central banking. The role played by the different institutional elements that contribute to the making of an independent central bank is also assessed. A distinction is made between central bank independence and targets offering new insights into how a more inflation averse monetary policy may actually be achieved. Finally, explanations for the variation of central bank independence and conservatism across different countries are provided. This book will appeal to researchers, academics and policy makers in the fields of monetary policy, financial economics, money and banking and political economy.

Author : Mr.Timo Valila
Publisher : International Monetary Fund
ISBN 13 : 1451841744
Total Pages : 17 pages
Book Rating : 4.49/5 ( download)

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Download or read book Credibility of Central Bank Independence Revisited written by Mr.Timo Valila and published by International Monetary Fund. This book was released on 1999-01-01 with total page 17 pages. Available in PDF, EPUB and Kindle. Book excerpt: The specific role of central bank independence in determining the overall credibility of monetary policy is addressed in this paper. It is argued that the credibility of delegating monetary policy to an independent central bank is endogenous to the credibility of the inflation target because a “conservative” inflation target may not be compatible with the fiscal policy stance. Also, lack of transparency in designing the institutional set-up is shown to be welfare-reducing.

Author : Kiriaki Ntzianou
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.15/5 ( download)

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Download or read book Central Bank Strategy, Credibility and Independence written by Kiriaki Ntzianou and published by . This book was released on 1998 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : Michael D. Bordo
Publisher : Cambridge University Press
ISBN 13 : 1107149665
Total Pages : 719 pages
Book Rating : 4.63/5 ( download)

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Download or read book Central Banks at a Crossroads written by Michael D. Bordo and published by Cambridge University Press. This book was released on 2016-06-09 with total page 719 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book discusses the role of central banks and draws lessons from examining their evolution over the past two centuries.

Author : International Monetary Fund
Publisher : International Monetary Fund
ISBN 13 : 1451966423
Total Pages : 59 pages
Book Rating : 4.28/5 ( download)

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Download or read book Central Bank Independence written by International Monetary Fund and published by International Monetary Fund. This book was released on 1991-06-01 with total page 59 pages. Available in PDF, EPUB and Kindle. Book excerpt: There has been growing interest recently in the scope for promoting monetary stability through the establishment of independent central banks. This paper reviews the issues involved in central bank independence against the background of arrangements in nine countries. The analysis suggests that detailed institutional arrangements would need to be carefully designed if the potential benefits of central bank independence are to be delivered. Particularly important are the nature of arrangements to resolve various types of conflicts involving monetary policy, and arrangements to promote accountability and public monitoring of monetary policy performance.

Author : Sylvester C. W. Eijffinger
Publisher : International Finance Section Department of Econ Ton Univers
ISBN 13 :
Total Pages : 100 pages
Book Rating : 4.09/5 ( download)

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Download or read book The Political Economy of Central-bank Independence written by Sylvester C. W. Eijffinger and published by International Finance Section Department of Econ Ton Univers. This book was released on 1996 with total page 100 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : Adam Simon Posen
Publisher :
ISBN 13 :
Total Pages : 60 pages
Book Rating : 4.02/5 ( download)

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Download or read book Central Bank Independence and Disinflationary Credibility written by Adam Simon Posen and published by . This book was released on 1995 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt: Granting central banks independence from short-term political control is widely assumed to decrease inflation by increasing the credibility of commitments to price stability. This paper analyzes public- and private-sector behavior in a sample of seventeen OECD countries for evidence of variations in disinflationary credibility with monetary institutions. The paper does not find evidence that the costs of disinflation are lower in countries with independent central banks, even when differences in contracting behavior are taken into account. It also does not find evidence that central bank independence inhibits government collection of seignorage revenues or manipulation of economic policy for electoral gain. These results raise questions about some explanations of the negative correlation between central bank independence and inflation, as well as the empirical relevance of government time-inconsistancy problems as a source of inflation differences.

Author : Narendra Jadhav
Publisher :
ISBN 13 :
Total Pages : 104 pages
Book Rating : 4.68/5 ( download)

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Download or read book Central Bank Strategies, Credibility and Independence written by Narendra Jadhav and published by . This book was released on 2003 with total page 104 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : Steven Durlauf
Publisher : Springer
ISBN 13 : 0230280854
Total Pages : 395 pages
Book Rating : 4.54/5 ( download)

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Download or read book Monetary Economics written by Steven Durlauf and published by Springer. This book was released on 2016-04-30 with total page 395 pages. Available in PDF, EPUB and Kindle. Book excerpt: Specially selected from The New Palgrave Dictionary of Economics 2nd edition, each article within this compendium covers the fundamental themes within the discipline and is written by a leading practitioner in the field. A handy reference tool.