
Monetary Policy and Interest Rates
Palgrave Macmillan (Publisher)
Published on 14. September 1998
Book
Hardback
XI, 295 pages
978-0-333-71647-2 (ISBN)
Description
An authoritative examination for top international policymakers and academics conducting monetary policy arising from a conference organised by the Banca d'Italia. The yield curve - the relation among market interest rates of different maturities - is a key benchmark for evaluating investment strategies in the global financial market. To a growing extent, central banks use it to evaluate, explain to the public and monitor the results of policy decisions.
More details
Edition
1998 edition
Language
English
Place of publication
London
United Kingdom
Target group
Professional and scholarly
Product notice
sewn/stitched
Cloth over boards
Illustrations
XI, 295 p.
Dimensions
Height: 216 mm
Width: 140 mm
Thickness: 21 mm
Weight
540 gr
ISBN-13
978-0-333-71647-2 (9780333716472)
DOI
10.1007/978-1-349-26891-7
Schweitzer Classification
Other editions
Additional editions
Ignazio Angeloni | Riccardo Roovelli | Riccardo Rovelli
Monetary Policy and Interest Rates
Proceedings of a Conference Sponsored by Banca D'Italia, Centro Paolo Baffi and the Innocenzo Gasparini Institute for Economic Research (Igier)
Book
10/1998
Palgrave MacMillan
€132.47
Article exhausted; check different version
Persons
JUAN AYUSO Banco de España, Research Department
LUIGI BUTTIGLIONE Banca d'Italia, Servizion Studi
JAGJIT S. CHADHA Bank of England
PAOLO DEL GIOVANE Banca d'Italia, Servizio Studi
FRANCESCO DRUDI Banca d'Italia, Servizio Studi
CARLO FAVERO Università Bocconi and Center for Economic Policy Research
JOE A. GANLEY Bank of England
STEFAN GERLACH Bank for International Settlement and Centre for Economic Policy Research
FABRIZIO IACONE Università Bocconi
PETER KUGLER University of Bern
JEFFREY H. NIELSEN Copenhagen Business School
SOLEDAD NUNEZ Banco de España
MARCO PIFFERI Università Bocconi
RICCARDO ROVELLI Università Bocconi and IGIER
GLENN RUDEBUSCH Federal Reserve Bank of San Francisco
FRANK SMETS Bank for International Settlement and Centre for Economic Policy Research
ORESTE TRISTANI Banca d'Italia, Servizio Studi
ROBERTO VIOLI Banca d'Italia, Servizio Studi
Content
List of Contributors Introduction Monetary Policy and Interest Rates; I.Angeloni and R.Rovelli Exchange Rate Regimes and the Expectation Hypothesis of the Term Structure; S.Gerlach and F.Smets Decomposing the Term Structure Into Risk Premia and Expectations: Evidence for the Eurolira Rates; F.Drudi and R.Violi Long Term Bond Yields, Monetary Policy and the Expectation Hypothesis of the Term Structure of Interest Rates; P.Kugler Borrowed Reserves, Fed Funds Rate Targets, and the Term Structure; J.Nielsen Monetary Policy Actions and the Term Structure of Interest Rates: A Cross-country Analysis; L.Buttiglione, P.Giovane and O.Tristani Monetary Policy, Inflation Persistence and the Term Structure of Interest Rates: Estimates for the UK, Germany and the US; J.Chadha and J.Ganley Monetary Policy, Forward Rates and Long Rates: Does Germany Differ from the US?; C.Favero, F.Iacone and M.Pifferi Is the Term Structure of Interest Rates a Useful Indicator for Spanish Monetary Policy?; J.Ayuso and S.Nunez Monetary Policy and the Term Structure of Interest Rates: An Overview of Some Recent Research; G.Rudebusch Using the Term Structure of Interest Rates for Monetary Policy; M.Goodfriend Index