Monetary policy in low-inflation economies:
Saved in:
| Other Authors: | |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
Cambridge [u.a.]
Cambridge Univ. Press
2009
|
| Edition: | 1. publ. |
| Subjects: | |
| Online Access: | Klappentext Inhaltsverzeichnis |
| Item Description: | Hier auch später erschienene, unveränderte Nachdrucke Includes bibliographical references and index |
| Physical Description: | XXVI, 330 S. graph. Darst. |
| ISBN: | 9780521848503 |
Staff View
MARC
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| 245 | 1 | 0 | |a Monetary policy in low-inflation economies |c ed. by David E. Altig ; Ed Nosal |
| 250 | |a 1. publ. | ||
| 264 | 1 | |a Cambridge [u.a.] |b Cambridge Univ. Press |c 2009 | |
| 300 | |a XXVI, 330 S. |b graph. Darst. | ||
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| 650 | 4 | |a Monetary policy | |
| 650 | 4 | |a Inflation (Finance) | |
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Record in the Search Index
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| adam_text | This volume collects the proceed¬
ings from a conference on monetary
policy in low-inflation economies
that was sponsored by the Federal
Reserve Bank of Cleveland. The
chapters make both theoretical
and empirical contributions to that
topic, and they fall under two broad
themes. The first concerns the
argument for low inflation. Several
chapters
reexamine
the issue of
inflation s costs and consequences.
One advantage of the chapters col¬
lected here is that they approach the
question from various theoretical
perspectives. To motivate money
demand, some chapters invoke
standard distortions within a New
Keynesian framework, one adopts an
overlapping generations structure,
and one a deep money perspective.
The second set of chapters in this
volume represents a collection of
studies on diverse questions con¬
cerning the facts of operating in
and transitioning to low-inflation
economies. Broadly speaking, they
investigate the complications (or
the lack thereof) of implementing
monetary policy at low rates of trend
inflation; threshold effects on the
costs of inflation-, and the interaction
of inflation, financial markets, and
intermediation.
David E.
Altig,
senior vice president and
director of research at the Federal Reserve
Bank of Atlanta, was vice president and
associate director of research at the Federal
Reserve Bank of Cleveland when this book
began to be compiled. He oversees the
Atlanta Federal Reserve s blog, which is
titled Macroblog. His published research
focuses on tax policy, business cycle issues,
and monetary policy analysis. Dr.
Altig
has
taught at a number of universities
—
The
University of Chicago, Case Western Reserve
University, Cleveland State University, John
Carroll University, and Indiana University
—
and lectured in the Chinese Executive MBA
Program, sponsored by the University of
Minnesota and
Lig
n a n
College of Sun Yat-
Sen University. Dr.
Altig
earned his doctor¬
ate in economics from Brown University.
Ed
Nosal,
vice president and senior financial
economist in the financial markets group
at the Federal Reserve Bank of Chicago,
was senior research advisor in the Research
Department of the Federal Reserve Bank
of Cleveland when this book began to be
compiled. His research focuses on money
and banking. Dr.
Nosal
has taught at
the University of Chicago, University of
Waterloo, University of British Columbia,
University of New South Wales, and the
National University of Singapore. Dr.
Nosal
earned his doctorate in economics from
Queen s University in Canada.
ІАСКЕТ
DESIGN BY )AMES
Г.
BRISSON
Printed in the United States of America
EDITED BY DAVID E. ALTIG FEDERAL RESERVE BANK OF ATLANTA FEDERAL
RESERVE BANK OF CHICAGO 1 CAMBRIDGE UNIVERSITY PRESS CONTENTS I _ PAGE
CONTRIBUTORS VII ACKNOWLEDGMENTS XI INTRODUCTION XIII 1 THE WELFARE COST
OF INFLATION IN THE PRESENCE OF INSIDE MONEY SCOTT FREEMAN, ESPEN R.
HENRIKSEN, AND FINN E. KYDLAND 1 COMMENTARY WILBUR JOHN COLEMAN II 18
TONY YATES 21 2 AN OPEN-ECONOMY MODEL OF ENDOGENOUS PRICE FLEXIBILITY
MICHAEL B. DEVEREUX 29 COMMENTARY DAVID K. BACKUS 52 MICHAEL DOTSEY 54 3
EFFICIENT INFLATION TARGETS FOR DISTORTED DYNAMIC ECONOMIES COSTAS
AZARIADIS AND RAPHAEL W. K. LAM 61 COMMENTARY ERIC O N. FISHER 81 MARVIN
GOODFRIEND 84 4 INFLATION AND WELFARE IN MODELS WITH TRADING FRICTIONS
GUILLAUME ROCHETEAU AND RANDALL WRIGHT 89 COMMENTARY JAMES BULLARD 117
SHOUYONG SHI 121 CONTENTS 5 GOOD VERSUS BAD DEFLATION: LESSONS FROM THE
GOLD STANDARD ERA MICHAEL D. BORDO, JOHN LANDON-LANE, AND ANGELA REDISH
127 COMMENTARY FRANQOIS R. VELDE 175 6 MONETARY POLICY ORIENTATION IN
TIMES OF LOW INFLATION JILRGEN VON HAGEN AND BORIS HOFMANN 181
COMMENTARY JACK SELODY R 207 PIERRE L. SIKLOS 209 7 OBSERVATIONS ON
DISINFLATION IN TRANSITION ECONOMIES PAUL WACHTEL AND IIKKA KORHONEN 215
COMMENTARY WERNER HERMANN 254 8 INFLATION AND FINANCIAL MARKET
PERFORMANCE: WHAT HAVE WE LEARNED IN THE LAST TEN YEARS? JOHN BOYD AND
BRUCE CHAMP 259 COMMENTARY NICOLA CETORELLI 302 PETER L. ROUSSEAU ? 307
INDEX 315 VI
|
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| building | Verbundindex |
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| discipline | Wirtschaftswissenschaften |
| edition | 1. publ. |
| format | Book |
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| id | DE-604.BV035715946 |
| illustrated | Illustrated |
| indexdate | 2024-07-09T21:51:49Z |
| institution | BVB |
| isbn | 9780521848503 |
| language | English |
| lccn | 2009019724 |
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| spelling | Monetary policy in low-inflation economies ed. by David E. Altig ; Ed Nosal 1. publ. Cambridge [u.a.] Cambridge Univ. Press 2009 XXVI, 330 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier Hier auch später erschienene, unveränderte Nachdrucke Includes bibliographical references and index Monetary policy Inflation (Finance) Geldpolitik (DE-588)4019902-2 gnd rswk-swf Inflation (DE-588)4026887-1 gnd rswk-swf (DE-588)1071861417 Konferenzschrift 2003 Cleveland Ohio gnd-content Geldpolitik (DE-588)4019902-2 s Inflation (DE-588)4026887-1 s DE-604 Altig, David 1956- (DE-588)129799408 edt Digitalisierung UB Bayreuth application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=017992802&sequence=000004&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Klappentext GBV Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=017992802&sequence=000005&line_number=0002&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Monetary policy in low-inflation economies Monetary policy Inflation (Finance) Geldpolitik (DE-588)4019902-2 gnd Inflation (DE-588)4026887-1 gnd |
| subject_GND | (DE-588)4019902-2 (DE-588)4026887-1 (DE-588)1071861417 |
| title | Monetary policy in low-inflation economies |
| title_auth | Monetary policy in low-inflation economies |
| title_exact_search | Monetary policy in low-inflation economies |
| title_full | Monetary policy in low-inflation economies ed. by David E. Altig ; Ed Nosal |
| title_fullStr | Monetary policy in low-inflation economies ed. by David E. Altig ; Ed Nosal |
| title_full_unstemmed | Monetary policy in low-inflation economies ed. by David E. Altig ; Ed Nosal |
| title_short | Monetary policy in low-inflation economies |
| title_sort | monetary policy in low inflation economies |
| topic | Monetary policy Inflation (Finance) Geldpolitik (DE-588)4019902-2 gnd Inflation (DE-588)4026887-1 gnd |
| topic_facet | Monetary policy Inflation (Finance) Geldpolitik Inflation Konferenzschrift 2003 Cleveland Ohio |
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