Monetary Policy in the Open Economy: What Role for Exchange Rates?

Language: English

Published by LAP LAMBERT Academic Publishing Jul 2011, 2011

3844385622 / 9783844385625

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This item is printed on demand - Print on Demand Titel. Neuware -This work investigates the relationship between exchange rates and the decision making process that we currently call monetary policy, i.e. a central bank's problem of setting the short-term interest rate in order to achieve some basic macroeconomicgoals, asking whether in addition to the traditional goals of monetary policy, namely price stability and business cycle stabilization, the exchange rate should not be included as a further objective of monetary policy in theoretical models and policy discussions. Based on an econometric study of the behaviour of the Federal Reserve from 1979 to 2007, as well as on theoretical arguments from the macroeconomic as well as from the policy literature, it concludes that there is indeed scope for the inclusion of excahnge rates in monetary policy analyses and decisions.VDM Verlag, Dudweiler Landstraße 99, 66123 Saarbrücken 116 pp. Englisch.

Seller Inventory # 9783844385625

Title
Monetary Policy in the Open Economy: What Role for Exchange Rates?
Author
Andrej Sokol
Publisher
LAP LAMBERT Academic Publishing Jul 2011
Publication year
2011
Condition
Neu
Binding
Taschenbuch
Language
English
ISBN 10
3844385622
ISBN 13
9783844385625
Item weight
191 grams
Dimensions
220x150x7 mm

buchversandmimpf2000

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