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Monetary policy in low-inflation economies /

紀錄類型:	書目-語言資料,印刷品 : Monograph/item
正題名/作者:	Monetary policy in low-inflation economies // edited by David E. Altig, Ed Nosal.
其他作者:	Altig, David,
面頁冊數:	1 online resource (xxvi, 330 pages) :digital, PDF file(s). :
附註:	Title from publisher's bibliographic system (viewed on 05 Oct 2015).
標題:	Monetary policy. -
電子資源:	https://doi.org/10.1017/CBO9780511605475
ISBN:	9780511605475 (ebook)

Monetary policy in low-inflation economies /
Monetary policy in low-inflation economies /edited by David E. Altig, Ed Nosal. - 1 online resource (xxvi, 330 pages) :digital, PDF file(s).

Title from publisher's bibliographic system (viewed on 05 Oct 2015).

The welfare cost of inflation in the presence of inside money / Scott Freeman, Espen R. Henriksen, and Finn E. Kydland -- An open-economy model of endogenous price flexibility / Michael B. Devereux -- Efficient inflation targets for distorted dynamic economies / Costas Azariadis and Raphael W.K. Lam -- Inflation and welfare in models with trading frictions / Guillaume Rocheteau and Randall Wright -- Good versus bad deflation : lessons from the gold standard era / Michael D. Bordo, John Landon-Lane, and Angela Redish -- Monetary policy orientation in times of low inflation / Jürgen von Hagen and Boris Hofmann -- Observations on disinflation in transition economies / Paul Wachtel and Iikka Korhonen -- Inflation and financial market performance : what have we learned in the last ten years? / John Boyd and Bruce Champ.

All central banks manage the supply of money and credit in their countries, increasing and decreasing them as needed to provide what economies need to keep growing. The way central banks typically handle that job involves short-term interest rates. But when inflation is low, central banks can't use their usual methods to get money and credit into an economy that needs it. Several essays in this volume describe the work of economists who have investigated problems that central banks might have when inflation gets low. Other essays investigate related questions such as whether an economy suffers when it moves from high inflation to low inflation, what the costs of inflation are to economic welfare, and whether a little bit of inflation can actually be good for economic growth.

ISBN: 9780511605475 (ebook)Subjects--Topical Terms:

556378
Monetary policy.

LC Class. No.: HG230.3 / .M63755 2009

Dewey Class. No.: 339.5/3

Monetary policy in low-inflation economies /
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505 0 $a The welfare cost of inflation in the presence of inside money / Scott Freeman, Espen R. Henriksen, and Finn E. Kydland -- An open-economy model of endogenous price flexibility / Michael B. Devereux -- Efficient inflation targets for distorted dynamic economies / Costas Azariadis and Raphael W.K. Lam -- Inflation and welfare in models with trading frictions / Guillaume Rocheteau and Randall Wright -- Good versus bad deflation : lessons from the gold standard era / Michael D. Bordo, John Landon-Lane, and Angela Redish -- Monetary policy orientation in times of low inflation / Jürgen von Hagen and Boris Hofmann -- Observations on disinflation in transition economies / Paul Wachtel and Iikka Korhonen -- Inflation and financial market performance : what have we learned in the last ten years? / John Boyd and Bruce Champ.
520 $a All central banks manage the supply of money and credit in their countries, increasing and decreasing them as needed to provide what economies need to keep growing. The way central banks typically handle that job involves short-term interest rates. But when inflation is low, central banks can't use their usual methods to get money and credit into an economy that needs it. Several essays in this volume describe the work of economists who have investigated problems that central banks might have when inflation gets low. Other essays investigate related questions such as whether an economy suffers when it moves from high inflation to low inflation, what the costs of inflation are to economic welfare, and whether a little bit of inflation can actually be good for economic growth.
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