Monetary Policy in Low-Inflation Economies (Paperback)

Language: English

Published by Cambridge University Press, Cambridge, 2015

1107514118 / 9781107514119

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Paperback. 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. The essays in this volume investigate the challenges of transitioning to lower levels of inflation and conducting monetary policy in low-inflation economies. The essays make both theoretical and empirical contributions. This item is printed on demand. Shipping may be from our UK warehouse or from our Australian or US warehouses, depending on stock availability.

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Title
Monetary Policy in Low-Inflation Economies (Paperback)
Author
David E. Altig
Publisher
Cambridge University Press, Cambridge
Publication year
2015
Condition
new
Binding
Paperback
Language
English
ISBN 10
1107514118
ISBN 13
9781107514119

CitiRetail

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