Weitere Kapitel dieses Buchs durch Wischen aufrufen
We look first at the aims of monetary policy in terms of balancing the control of inflation with limiting excessive unemployment. The next consideration is the interaction between the money supply and economic activity. Turning to the actual mechanics of monetary policy, we address the issue of how the money supply is measured, including the various definitions of money. The specific tools discussed include not merely the traditional emphasis on open-market operations, but also the emergency measures and quantitative easing that have turned out to be important in the post-2007 era. The appendix provides an example of an open-market operation.
Bitte loggen Sie sich ein, um Zugang zu diesem Inhalt zu erhalten
Sie möchten Zugang zu diesem Inhalt erhalten? Dann informieren Sie sich jetzt über unsere Produkte:
Federal Open Markets Committee. Press release, December 16th 2008.
Federal Open Markets Committee. Press release, April 29th 2009.
Federal Open Markets Committee. Press release, November 3rd 2010.
Federal Open Markets Committee. Press release, 2011.
Federal Open Markets Committee. Press release, September 13th 2012.
Federal Open Markets Committee. Press release, December 12th 2012.
Federal Open Markets Committee. Press release, October 29th 2014.
Federal Open Markets Committee. Press release, June 17th 2015.
Monetary Trends. Federal Reserve Bank of St. Louis, July 2015.
Fischer, A. M. (1993). Inflation targeting: the [N]ew [Z]ealand and [C]anadian cases. Cato Journal, 13, 1–27. Spring-Summer.
Madigan, B. F. & Nelson, W. R. (2002). Proposed revision to the Federal Reserve’s discount window lending programs. In Federal Reserve Bulletin (pp. 313–319). The article is available at https://www.federalreserve.gov/pubs/bulletin/2002/0702lead.pdf.
Mishkin, F. S. (2000). From monetary targeting to inflation targeting: lessons from the industrialized countries. In Presentation at Bank of Mexico Conference, “Stabilization and Monetary Policy: The International Experience”, November 14–15, 2000. https://www0.gsb.columbia.edu/faculty/fmishkin/PDFpapers/00BOMEX.pdf. Accessed June 17th, 2015.
Sumner, S. (2014). Nominal GDP targeting: a simple rule to improve Fed performance. Cato Journal, 34, 315–337. Spring/Summer
Taylor, J. B. (1993). Discretion versus policy rules in practice. Carnegie-Rochester Conference Series on Public Policy, 39, 195–214. CrossRef
Wray, R. L. (2012). Modern money theory: A primer on macroeconomics for sovereign monetary systems. New York: Palgrave Macmillan. CrossRef
- Monetary Policy
- Chapter 12
microm, Neuer Inhalt/© Stellmach, Neuer Inhalt/© BBL, Neuer Inhalt/© Maturus, Pluta Logo/© Pluta, Neuer Inhalt/© hww, Avaloq/© Avaloq Evolution AG, Avaloq/© Avaloq