Results 171 to 180 of about 1,011 (213)
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A New Look at Monetary Policy Instruments
Journal of Money, Credit and Banking, 1971THERE HAS ALWAYS BEEN, I suspect, a gulf of sorts separating monetary practitioners from productive contact with monetary theorists. The reason is not, as is often implied, that central bankers are always obtuse or that all monetary theorists are obscurantists.
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2019
The instruments (or tools) of monetary policy are the topic of this chapter. Based on the central bank’s balance sheet, the role of discount policy to refinance commercial banks, the base interest rate, minimum-reserve requirements, as well as open-market operations and foreign-exchange interventions are discussed.
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The instruments (or tools) of monetary policy are the topic of this chapter. Based on the central bank’s balance sheet, the role of discount policy to refinance commercial banks, the base interest rate, minimum-reserve requirements, as well as open-market operations and foreign-exchange interventions are discussed.
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New Instruments for Monetary Policy
2021In a fixed-rate system as proposed here, the long-term nominal interest rate would be controlled with minimal market interference and—as a fixrate as defined above—kept as constant as possible.
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Monetary policy and the choice of a monetary instrument in a stochastic setting
Journal of Macroeconomics, 1979Abstract Should the FED try to set some monetary aggregate, or should it try to create certain credit conditions by setting interest rates? This question has been examined extensively within models that are essentially non-stochastic or certainty equivalent; however, the question is not meaningful to the monetary authority unless one postulates a ...
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Monetary Policy (objectives and instruments)
2020AbstractMonetary policy became the exclusive competence of the Community in the Maastricht Treaty, but the Treaty was not very explicit on what this exclusive monetary policy competence included. The Treaty provisions on monetary policy did rely on some general idea of what monetary policy consisted of and what it did not. However, instead of trying to
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Monetary Policy: Instruments and Issues
1996The prime policy objective of a central bank in a market economy which is being increasingly accepted as the internal and external stability of the national currency in the medium term, was pion-eered by Keynes in his classic exposition of domestic price stability as the sole aim of monetary policy (1924).
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Instruments and objectives of monetary policy
Law and Financial Markets Review, 2013This article considers changes in the conduct of monetary policy following the financial crisis, focusing in particular on the conflict between inflation targets and financial stability. Consideration is given to the additional instruments that have been adopted in the conduct of monetary policy and their implications for bank lending and economic ...
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Monetary Policy as an Instrument of Stabilisation
1997Abstract In the last two chapters the possibility of State intervention was not considered. The only way that the State came into the picture was through the assumption that it helped to maintain a certain fixed real rate of interest at which money supply adjusted to the demand for it.
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Central Bank Review, 2012 Monetary Policy: Targets and Instruments
1998Viewed over the long term, prices have risen at a considerably slower pace in Germany than in comparable major industrial countries. At the same time the Deutsche Mark has appreciated strongly in the foreign exchange markets and has become the anchor currency in the EMS.
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