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Record Nr. |
UNINA9910841404103321 |
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Titolo |
Issues in monetary policy [[electronic resource] ] : the relationship between money and the financial markets / / edited by Kent Matthews, Philip Booth |
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Pubbl/distr/stampa |
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Chichester, England, : John Wiley, c2006 |
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ISBN |
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1-119-20581-6 |
1-280-36227-8 |
9786610362271 |
0-470-03281-2 |
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Descrizione fisica |
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1 online resource (212 p.) |
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Altri autori (Persone) |
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MatthewsKent |
BoothP <1964-> (Philip) |
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Disciplina |
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Soggetti |
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Lingua di pubblicazione |
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Formato |
Materiale a stampa |
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Livello bibliografico |
Monografia |
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Note generali |
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Description based upon print version of record. |
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Nota di bibliografia |
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Includes bibliographical references and index. |
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Nota di contenuto |
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Issues in Monetary Policy; Contents; List of Contributors; 1 Issues in Monetary Policy; 1.1 Introduction; 1.2 The monetarist counter-revolution; 1.3 Practice ahead of theory; 1.4 The dangers of practice without theory; References; 2 Monetary Policy: Practice Ahead of Theory; 2.1 Introduction; 2.2 What can monetary policy do?; 2.3 Learning and its implication for monetary policy; 2.4 Inflation targeting as a framework which accommodates learning; 2.5 Conclusion; References; 3 Are the Structure and Responsibilities of the Bank of England Optimal and If Not, Does It Matter?; 3.1 Introduction |
3.2 Current arrangements3.3 The conventional theoretical macro model (CTMM); 3.3.1 Role of interest rates in the CTMM; 3.3.2 Time series considerations; 3.4 How the Bank's main macro model constrained the monetary debate; 3.5 The new Bank of England quarterly model; 3.6 The monetarist case for a big central bank; 3.7 Lessons from Britain's monetary history; 3.8 Main conclusions; References; 4 Why Price-Level Targeting is better than Inflation Targeting; 4.1 Introduction; 4.2 How do inflation targeting and price-level targeting differ?; 4.2.1 Long-term |
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