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Monetary Policy Instruments

2021
This chapter presents and discusses the instruments of monetary policy that are used by LFDCs’ central banks. The trend towards market-based monetary policies has been followed by LFDCs’ central banks, which have increasingly resorted to indirect instruments, though direct instruments that are, like exchange controls, of a more administrative nature ...
Juan Antonio Morales, Paul Reding
exaly   +2 more sources

The Instruments of Monetary Policy

2001
Abstract It is obvious that the monetary policy instruments have to be designed in such a way as to allow an efficient realization above all of the operating targets. If this is done, the operating targets can be set according to the ‘simple rules’ discussed in Chapter 9 or according to the values that have been calculated with ...
Peter Bofinger   +2 more
openaire   +1 more source

A New Look at Monetary Policy Instruments

Journal of Money, Credit and Banking, 1971
THERE 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.
openaire   +1 more source

New Instruments for Monetary Policy

2021
In 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.
openaire   +1 more source

Monetary-Policy Instruments

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.
openaire   +1 more source

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