1.

Record Nr.

UNINA9910955967803321

Autore

Bofinger Peter

Titolo

Monetary policy : goals, institutions, strategies, and instruments / / Peter Bofinger, in collboration with Julian Reischle and Andrea Schächter

Pubbl/distr/stampa

Oxford : , : Oxford University Press, , 2023

ISBN

1-383-03732-9

1-283-63782-0

0-19-166484-7

Edizione

[1st ed.]

Descrizione fisica

1 online resource (xxi, 454 p.) : ill

Collana

Oxford scholarship online

Disciplina

332.4/6

Soggetti

Monetary policy

Monetary policy - European Union countries

Monetary policy - United States

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Previously issued in print: 2001.

Nota di bibliografia

Includes bibliographical references.

Nota di contenuto

Introduction; Part I. Theoretical Fundaments of Monetary Policy; 1. What is money?; 2. The demand for money; 3. The money supply process: starting point of the transmission process; 4. Monetary policy transmission; Part II. Domestic Aspects of Monetary Policy; 5. The ultimate goal and the final targets of monetary policy; 6. The institutional framework for monetary policy I: 'rules versus discretion'; 7. The institutional framework of monetary policy II: the design of the central bank legislation; 8. Strategies ('simple rules') for a stability-oriented monetary policy; 9. The conduct of monetary policy by the world's major central banks; 10. The instruments of monetary policy; 11. Seigniorage and inflation tax; Part III. Monetary Policy in an Open Economy; 12. Important building blocks of open-economy macroeconomics; 13. Monetary policy strategies in an open economy; References; Index of names; Index of subjects.

Sommario/riassunto

This volume provides a description and analysis of monetary policy in Europe and the United States. It focuses on actual monetary policy - targets, institutions, strategies, and instruments.