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Monetary policy

Journal of the Staple Inn Actuarial Society, 1953
The proper functioning of a present-day economic system is dependent upon money and prices. This is particularly the case when a large part of the economy is based on private enterprise.For many years economic text-books have stated the three functions of money to be (1) a means of payment, (2) a store of value and (3) a unit of account.
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Overconfidence in Monetary Theory and Monetary Policy

2001
In this chapter we argue that when it comes to present-day monetary theory and policy, economists suffer from myopia and are prone to herd behaviour. As a result, too many economists give too much weight to actual economic developments which can have an excessive impact on economic theory and policy.
Brakman, S.   +2 more
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Monetary Policy in the Media [PDF]

open access: possibleSSRN Electronic Journal, 2006
Just like private companies depend crucially on their ability to reach customers, policymakers must communicate with private agents to be successful—and much of this communication is channeled through the media. This is especially true for central banks, which need to build credibility among the general public.
Berger, Helge   +2 more
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Robust Monetary Policy [PDF]

open access: possibleJournal of Information Systems and Operation Management, 2008
While there is uncertainty about the data that enter into economic models and about the parameters that govern economic models, the fact that economists often approach macroeconomic data armed with different models of the economy suggests that uncertainty, or ambiguity, about the model could also be potentially important.
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Monetary Policy in the UK [PDF]

open access: possibleFiscal Studies, 1994
This is the text of the IFS Annual Lecture 1994 delivered at the Chartered Accountants’ Hall, London on 1 June 1994.
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Monetary Policy Analysis

2002
The past several years have seen very rapid development in the area of monetary policy analysis.1 A welcome aspect is the convergence of approaches used by academic and central-bank economists. For example, examination of a notable NBER conference volume2 and/or a special issue of the Journal of Monetary Economics (Vol.
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Monetary Theory and Monetary Policy in the 1970's

Journal of Money, Credit and Banking, 1972
A. B. Cramp   +3 more
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monetary policy, history of

2008
Today monetary policy is the principle way in which governments influence the macroeconomy To implement monetary policy the monetary authority uses its policy instruments (short-term interest rates or the monetary base) to achieve its desired goals of low inflation and real output close to potential.
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