Verfügbarkeit: Issues Concerning Nominal Anchors for Monetary Policy

Issues Concerning Nominal Anchors for Monetary Policy:

This paper presents a selective survey of issues relevant to the choice of nominal anchors for monetary policy. Section I reviews long price-level histories for the United Kingdom and United States, which reveal that the price level behaved very differently following WWII in these countries than it...

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1. Verfasser:	Mussa, Michael (VerfasserIn)
Format:	Elektronisch E-Book
Sprache:	English
Veröffentlicht:	Washington, D.C International Monetary Fund 1994
Schriftenreihe:	IMF Working Papers Working Paper No. 94/61
Online-Zugang:	UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext
Zusammenfassung:	This paper presents a selective survey of issues relevant to the choice of nominal anchors for monetary policy. Section I reviews long price-level histories for the United Kingdom and United States, which reveal that the price level behaved very differently following WWII in these countries than it had done in previous post-war experiences. In particular following WWII the responsibilities of monetary policy expanded to encompass a business- cycle stabilization role and the nominal anchor shifted from the fixed anchor or price-level stability to the moving anchor of inflation-rate stability. The remaining sections of the paper review some of the considerations that are relevant to setting the average inflation rate in countries without a fixed nominal anchor
Beschreibung:	1 Online-Ressource (41 p)
ISBN:	1451848102 9781451848106

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spelling	Mussa, Michael Verfasser aut Issues Concerning Nominal Anchors for Monetary Policy Mussa, Michael Washington, D.C International Monetary Fund 1994 1 Online-Ressource (41 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 94/61 This paper presents a selective survey of issues relevant to the choice of nominal anchors for monetary policy. Section I reviews long price-level histories for the United Kingdom and United States, which reveal that the price level behaved very differently following WWII in these countries than it had done in previous post-war experiences. In particular following WWII the responsibilities of monetary policy expanded to encompass a business- cycle stabilization role and the nominal anchor shifted from the fixed anchor or price-level stability to the moving anchor of inflation-rate stability. The remaining sections of the paper review some of the considerations that are relevant to setting the average inflation rate in countries without a fixed nominal anchor Online-Ausg Flood, Robert P. Sonstige oth http://elibrary.imf.org/view/IMF001/03946-9781451848106/03946-9781451848106/03946-9781451848106.xml Verlag URL des Erstveröffentlichers Volltext
spellingShingle	Mussa, Michael Issues Concerning Nominal Anchors for Monetary Policy
title	Issues Concerning Nominal Anchors for Monetary Policy
title_auth	Issues Concerning Nominal Anchors for Monetary Policy
title_exact_search	Issues Concerning Nominal Anchors for Monetary Policy
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title_full	Issues Concerning Nominal Anchors for Monetary Policy Mussa, Michael
title_fullStr	Issues Concerning Nominal Anchors for Monetary Policy Mussa, Michael
title_full_unstemmed	Issues Concerning Nominal Anchors for Monetary Policy Mussa, Michael
title_short	Issues Concerning Nominal Anchors for Monetary Policy
title_sort	issues concerning nominal anchors for monetary policy
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