Strategies for Monetary Policy
eBook - ePub

Strategies for Monetary Policy

  1. 416 pages
  2. English
  3. ePUB (mobile friendly)
  4. Available on iOS & Android
eBook - ePub

About this book

As the Federal Reserve System conducts its latest review of the strategies, tools, and communication practices it deploys to pursue its dual-mandate goals of maximum employment and price stability, Strategies for Monetary Policy—drawn from the 2019 Monetary Policy Conference at the Hoover Institution—emerges as an especially timely volume. The book's expert contributors examine key policy issues, offering their perspectives on US monetary policy tools and instruments and the interaction between Fed policies and financial markets. The contributors review central bank inflation-targeting policies, how various monetary strategies actually work in practice, and the use of nominal GDP targeting as a way to get the credit market to work well and fix the friction in that market. In addition, they discuss the effects of the various rules that the Fed considers in setting policy, how the Fed's excessive fine-tuning of the economy and financial markets has added financial market volatility and harmed economic performance, and the key issues that impact achievement of the Fed's 2 percent inflation objective. The volume concludes by exploring potential options for enhancing our policy approach.

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Yes, you can access Strategies for Monetary Policy by John H. Cochrane,John B. Taylor, John H. Cochrane, John B. Taylor in PDF and/or ePUB format, as well as other popular books in Economics & Monetary Policy. We have over one million books available in our catalogue for you to explore.

Information

Table of contents

  1. Contents
  2. Preface
  3. One: Models, Markets, and Monetary Policy
  4. Two: The Case for Implementing Effective Negative Interest Rate Policy
  5. Three: Tying Down the Anchor: Monetary Policy Rules and the Lower Bound on Interest Rates
  6. Four: Perspectives on US Monetary Policy Tools and Instruments
  7. Five: Evaluating Rules in the Fed’s Report and Measuring Discretion
  8. Symposium: The Interaction of Markets and Policy
  9. Symposium: Monetary Strategies in Practice
  10. About the Contributors
  11. About the Hoover Institution’s Working Group on Economic Policy
  12. Index