Deutsche Bundesbank

The Monetary Transmission Process

Recent Developments and Lessons for Europe
Herausgegeben:Bundesbank, D.

• Gebundenes Buch

Produktbeschreibung

The start of the European monetary union gave additional impetus to the lively debate on the effects of monetary policy and the appropriate strategy for central banks. This book collects papers and comments by leading academics and central bankers such as O.Issing, M.King, B.McCallum, A.Meltzer, L.Svensson and H.Tietmeyer. The volume examines methodological questions, the actual role played by the financial sectors and labour markets in implementing monetary policy in Europe, and the likely future developments in these areas.

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Produktdetails

• Verlag: Palgrave Macmillan / Palgrave Macmillan UK / Springer Palgrave Macmillan
• Artikelnr. des Verlages: 978-0-333-77244-7
• 2001
• Seitenzahl: 323
• Erscheinungstermin: 30. Januar 2001
• Englisch
• Abmessung: 221mm x 147mm x 25mm
• Gewicht: 499g
• ISBN-13: 9780333772447
• ISBN-10: 033377244X
• Artikelnr.: 21061890

Autorenporträt

IGNAZIO ANGELONI European Central Bank CLAES BERG Sveriges Riksbank HENDRIK J. BROUWER De Nederlandsche Bank N.V. MICHAEL C. BURDA Humboldt University, Berlin LUIS CAMPOS e CUNHA Banco de Portugal STEPHEN C. CECCHETTI Federal Reserve Bank of New York LAWRENCE J. CHRISTIANO Northwestern University CARLO A. FAVERO Bocconi University FRANCESCO GIAVAZZI Bocconi University CHARLES A. E. GOODHART London School of Economics and Political Science OTMAR ISSING European Central Bank MERVIN KING Bank of England BENNETT T. MCCALLUM Carnegie Mellon University ALLAN H. MELTZER Carnegie Mellon University PHILIPPE MOUTOT European Central Bank MANFRED J.M. NEUMANN University of Bonn REINHARD H. SCHMIDT Johann Wolfgang Goethe University, Frankfurt LARS E.O. SVENNSON Stockholm University HANS TIETMEYER Deutsche Bundesbank HARALD UHLIG Tilburg University ALAIN VIENNEY Banque de France JOSÉ VINALS Banco de Espana IGNAZIO VISCO Organisation for Economic Cooperation and Development AXEL A. WEBER Johann Wolfgang Goethe University, Frankfurt

Inhaltsangabe

Notes on the Contributors Introduction Analysis of the Monetary Transmission Mechanism: Methodological Issues; B.T.McCallum Comment; L.J.Christiano & H.Uhlig Price Stability as a Target for Monetary Policy: Defining and Maintaining Price Stability; L.E.O.Svensson Comment; M.King & J.Vinals The Transmission Process; A.H.Meltzer Asymmetric Interest Rate Policy in Europe: Causes and Consequences; A.A.Weber Comment; C.A.Favero & P.Moutot Legal Structure, Financial Structure, and the Monetary Policy Transmission Mechanism; S.G.Cecchetti Comment; M.J.M.Neumann & I.Angeloni Differences Between Financial Systems in European Countries: Consequences for EMU; R.H.Schmidt Comment; C.A.E.Goodhart & A.Vienney European Labour Markets and the Euro: How Much Flexibility Do We Really Need?; M.C.Burda Comment; H.J.Brouwer & L.C.Cunha The Monetary Transmission Process: Concluding Remarks; O.Issing, F.Giavazzi, C.Berg, I.Visco & M.M.J.Neumann Index