The Future of Monetary Policy
Published in January 2006
Book
Paperback/Softback
220 pages
978-0-631-22532-4 (ISBN)
Description
Central bankers ended the 20th century with greater prestige, agreement on practice, and perceived power than at any other time in history. Yet, contemporary trends in public and private finance, the availability of information, and international politics, are transforming both their control and the influence of monetary policy upon the real economy. In this volume, ten leading monetary economists discuss what lies ahead for monetary policy in the areas of: transmission mechanism after e-money, intermediate targets after financial innovation, and central bank accountability after globalization.
More details
Language
English
Place of publication
Oxford
United Kingdom
Publishing group
John Wiley and Sons Ltd
Target group
College/higher education
Professional and scholarly
Dimensions
Height: 244 mm
Width: 172 mm
ISBN-13
978-0-631-22532-4 (9780631225324)
Copyright in bibliographic data is held by Nielsen Book Services Limited or its licensors: all rights reserved.
Schweitzer Classification
Person
Adam Posen is Senior Fellow at the Institute for International Economics, USA.
Content
1. Can Central Banking Survive the IT Revolution? Charles Goodhart (Bank of England and LSE). 2. Monetary Policy Implementation: Past, Present and Future - Will Electronic Money Lead to the Eventual Demise of Central Banking?: C. Freedman (Bank of Canada). 3. Monetary Policy in a World Without Money: Michael Woodford (Princeton). 4. A Response to Goodhart, Freedman, and Woodford: Benjamin Friedman (Harvard). 5. How to Promote Growth in the Euro Area: Then Contribution of Monetary Policy: Otmar Issing. 6. The Present and Future of Monetary Rules: Bennett McCallum (Camegie-Mellon). 7. Toward A Common Currency?: Richard Cooper (Harvard).