The Formulation of Monetary Policy: A Reassessment in the Light of Recent Experience
This paper reassesses, in the light of recent experience, the formulation of monetary policy in terms of targets for monetary aggregates in the major countries. A number of difficulties which have arisen are discussed: instability of the money-income relationship; constraints created by fiscal imbal...
Gespeichert in:
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Paris
OECD Publishing
1986
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| Schriftenreihe: | OECD Economics Department Working Papers
no.32 |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | This paper reassesses, in the light of recent experience, the formulation of monetary policy in terms of targets for monetary aggregates in the major countries. A number of difficulties which have arisen are discussed: instability of the money-income relationship; constraints created by fiscal imbalances; exchange rate variability, as well as debt problems and threats to banks' solvency. The responses of monetary authorities to these difficulties are described and some possible options for the formulation of monetary policy in the future are considered (including nominal income and exchange rate targeting) ... |
| Beschreibung: | 1 Online-Ressource (44 p.) 21 x 29.7cm. |
| DOI: | 10.1787/025558443125 |
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| spelling | Atkinson, Paul VerfasserIn aut The Formulation of Monetary Policy A Reassessment in the Light of Recent Experience Paul, Atkinson and Jean-Claude, Chouraqui Paris OECD Publishing 1986 1 Online-Ressource (44 p.) 21 x 29.7cm. Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier OECD Economics Department Working Papers no.32 This paper reassesses, in the light of recent experience, the formulation of monetary policy in terms of targets for monetary aggregates in the major countries. A number of difficulties which have arisen are discussed: instability of the money-income relationship; constraints created by fiscal imbalances; exchange rate variability, as well as debt problems and threats to banks' solvency. The responses of monetary authorities to these difficulties are described and some possible options for the formulation of monetary policy in the future are considered (including nominal income and exchange rate targeting) ... Economics Chouraqui, Jean-Claude MitwirkendeR ctb FWS01 ZDB-13-SOC FWS_PDA_SOC https://doi.org/10.1787/025558443125 Volltext |
| spellingShingle | Atkinson, Paul The Formulation of Monetary Policy A Reassessment in the Light of Recent Experience Economics |
| title | The Formulation of Monetary Policy A Reassessment in the Light of Recent Experience |
| title_auth | The Formulation of Monetary Policy A Reassessment in the Light of Recent Experience |
| title_exact_search | The Formulation of Monetary Policy A Reassessment in the Light of Recent Experience |
| title_full | The Formulation of Monetary Policy A Reassessment in the Light of Recent Experience Paul, Atkinson and Jean-Claude, Chouraqui |
| title_fullStr | The Formulation of Monetary Policy A Reassessment in the Light of Recent Experience Paul, Atkinson and Jean-Claude, Chouraqui |
| title_full_unstemmed | The Formulation of Monetary Policy A Reassessment in the Light of Recent Experience Paul, Atkinson and Jean-Claude, Chouraqui |
| title_short | The Formulation of Monetary Policy |
| title_sort | formulation of monetary policy a reassessment in the light of recent experience |
| title_sub | A Reassessment in the Light of Recent Experience |
| topic | Economics |
| topic_facet | Economics |
| url | https://doi.org/10.1787/025558443125 |
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