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Reform of the International Monetary System: Why and How? (Karl Brunner Distinguished Lecture Series) - Softcover
Buch 1 von 3: Karl Brunner Distinguished Lecture
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An argument that a rules-based reform of the international monetary system, achieved by applying basic economic theory, would improve economic performance.
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Über die Autorin bzw. den Autor
John B. Taylor is Mary and Robert Raymond Professor of Economics at Stanford University and George P. Schultz Fellow in Economics at the Hoover Institution.
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Reform of the International Monetary System: Why and How?
Anbieter: World of Books (was SecondSale), Montgomery, IL, USA
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Paperback. Zustand: Very Good. An argument that a rules-based reform of the international monetary system, achieved by applying basic economic theory, would improve economic performance. In this book, the economist John Taylor argues that the apparent correlation of monetary policy decisions among different countries-largely the result of countries' concerns about the exchange rate-causes monetary policy to deviate from effective policies that stabilize inflation and the economy. He argues that a rules-based reform of the international monetary system, achieved by applying basic economic theory, would improve economic performance. Taylor shows that monetary polices in recent years have been deployed either defensively, as central banks counteract forces from abroad that affect the exchange rate, or offensively, as central banks attempt to move the exchange rate to gain a competitive advantage. Focusing on the years from 2005 to 2017, he develops an empirical framework to examine two monetary policy instruments: the policy interest rate (the more conventional of the two) and the size of the balance sheet. He finds that an international contagion in central bank decisions about the policy interest rate has accentuated the deviation from standard interest rate rules that have worked in the past. He finds a similar contagion in decisions about the size of the balance sheet. By considering a counterfactual policy in the estimated model, Taylor is able to estimate by how much the policy of recent years has increased exchange rate volatility. After several rounds of monetary actions and reactions aimed at exchange rates, Taylor finds, the international monetary system is left with roughly the same interest rate configuration, but much larger balance sheets to unwind. Artikel-Nr. 00076209311
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Reform of the International Monetary System: Why and How?
Anbieter: World of Books (was SecondSale), Montgomery, IL, USA
Verkäuferbewertung 5 von 5 Sternen
Paperback. Zustand: Good. An argument that a rules-based reform of the international monetary system, achieved by applying basic economic theory, would improve economic performance. In this book, the economist John Taylor argues that the apparent correlation of monetary policy decisions among different countries-largely the result of countries' concerns about the exchange rate-causes monetary policy to deviate from effective policies that stabilize inflation and the economy. He argues that a rules-based reform of the international monetary system, achieved by applying basic economic theory, would improve economic performance. Taylor shows that monetary polices in recent years have been deployed either defensively, as central banks counteract forces from abroad that affect the exchange rate, or offensively, as central banks attempt to move the exchange rate to gain a competitive advantage. Focusing on the years from 2005 to 2017, he develops an empirical framework to examine two monetary policy instruments: the policy interest rate (the more conventional of the two) and the size of the balance sheet. He finds that an international contagion in central bank decisions about the policy interest rate has accentuated the deviation from standard interest rate rules that have worked in the past. He finds a similar contagion in decisions about the size of the balance sheet. By considering a counterfactual policy in the estimated model, Taylor is able to estimate by how much the policy of recent years has increased exchange rate volatility. After several rounds of monetary actions and reactions aimed at exchange rates, Taylor finds, the international monetary system is left with roughly the same interest rate configuration, but much larger balance sheets to unwind. Artikel-Nr. 00076851490
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Reform of the International Monetary System: Why and How? (Karl Brunner Distinguished Lecture Series)
Anbieter: Majestic Books, Hounslow, Vereinigtes Königreich
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Zustand: New. pp. 152. Artikel-Nr. 379454085
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REFORM OF THE INTERNATIONAL MONETARY SYSTEM : WHY AND HOW?
Anbieter: Romtrade Corp., STERLING HEIGHTS, MI, USA
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Zustand: New. This is a Brand-new US Edition. This Item may be shipped from US or any other country as we have multiple locations worldwide. Artikel-Nr. ABBB-851
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Reform of the International Monetary System: Why and How?
Anbieter: Kennys Bookstore, Olney, MD, USA
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Zustand: New. 2019. Paperback. . . . . . Books ship from the US and Ireland. Artikel-Nr. V9780262536752
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