03339nam 2200457 a 450 991046189960332120200520144314.01-283-63782-00-19-166484-7(MiAaPQ)EBC1037319(Au-PeEL)EBL1037319(CaPaEBR)ebr10608173(CaONFJC)MIL395028(OCoLC)813396448(EXLCZ)99267000000025927920130426d2001 uy 0engur|n|---|||||Monetary policy[electronic resource] goals, institutions, strategies, and instruments /Peter BofingerOxford Oxford University Press20011 online resource (xxi, 454 p.) ill0-19-924057-4 Includes bibliographical references and index.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.This book provides an in-depth description and analysis of monetary policy in Europe and the United States. Unusually for a volume in the field, it focuses on actual monetary policy - targets, institutions, strategies, and instruments - but traditional and contemporary theoretical approaches to monetary policy form the basis for each chapter. Concentrating specifically on the European Central Bank, Monetary Policy offers one of the first comprehensive guides to understanding the targets, strategy, and instruments of the ECB. In the past, many books have presented mere descriptions of the institutional framework without providing a theoretical framework, while others have dealt mainly with theoretical aspects, thus neglecting the policy implications of their analysis. By combining a theoretical with a policy-oriented approach, Peter Bofinger succeeds in closing this gap in the monetary policy literature. As a result, his book will appeal to a broad readership, including investment bankers and other professional investors, central bankers, and scholars working in the field.Monetary policyMonetary policyEuropeMonetary policyUnited StatesElectronic books.Monetary policy.Monetary policyMonetary policy332.4/6Bofinger Peter305228MiAaPQMiAaPQMiAaPQBOOK9910461899603321Monetary policy731872UNINA