European Monetary Policy
Published on 17. July 1997
Book
Hardback
368 pages
978-1-85567-457-8 (ISBN)
Description
When the European system of Central Banks (ESCB) starts operating at the beginning of 1999, it will be required to make important decisions on the strategy of monetary policy, instruments and procedures. The European Monetary Institute (EMI) will prepare the groundwork for a coherent set of policies and instruments. However, the efficiency of the European Central Bank (ECB) depends on its policies being correctly understood. This is an overview by leading international economists of the theoretical issues underlying the future monetary policy of the European Central Bank. The three main subjects covered are: the transmission of monetary policy; issues related to objectives of monetary policy, including the problems of unemployment; and instruments available for the future ESCB.
More details
Language
English
Place of publication
London
United Kingdom
Target group
College/higher education
Professional and scholarly
Illustrations
index
Dimensions
Height: 234 mm
Width: 153 mm
Weight
750 gr
ISBN-13
978-1-85567-457-8 (9781855674578)
Copyright in bibliographic data is held by Nielsen Book Services Limited or its licensors: all rights reserved.
Schweitzer Classification
Persons
Content
Money and the European Union, Allan H. Meltzer; comment, Spencer Dale and Andrew G. Haldane; the Lending Channel and the European Monetary Union, Anil K. Kashyap; comment, Manfred J.M. Neumann; comment, Pierre Jaillet; the transmission of monetary policies in the European countries, Fernando Barran, Virginie Coudert and Benoit Mojon; comment, Marc-Oliver Strauss-Kahn; why do the monetary authorities smooth interest rates?, Charles A.E. Goodhart; comment, Otmar Issing; the credibility of the European Central Bank, Sylvester C.W. Eijffinger; comment, Bennett T. McCallum; targeting monetary aggregates and inflation in Europe, Alex Cukierman; comment, Bennett T. McCallum; comment, Carlo Monticelli; comment, Manfred Williams; the shameful rate of unemployment in the EMS - causes and cures, Franco Modigliani; comment, Stefan Collignon; comment, Hajo Riese; Central Bank policy and the money market, Peter M. Garber; comment, Francesco Papadia; which instruments for the European system of Central Banks?, Hermann Remsperger; comment, Philippe Moutot.