Money Monetary Policy category: 1222 books

The great moderation lulled macroeconomists and policymakers alike in the belief that we knew how to conduct macroeconomic policy. The crisis clearly forces us to question that assessment. In this paper, we review the main elements of the pre-crisis consensus, we identify where we were wrong and what...

A number of countries are reviewing their institutional arrangements for financial stability to support the development of a macroprudential policy function. In some cases, this involves a rethink of the appropriate institutional boundaries between central banks and financial regulatory agencies,...

Persistently high debt ratios in advanced economies and emerging fragilities in the developing world cast clouds on the global fiscal landscape. In advanced economies, with narrowing budget deficits, the average public debt ratio is expected to stabilize in 2013–14-but it will be at a historic peak....

One of the outstanding monetary theorists of the past 100 years, Lucas revolutionized our understanding of how money interacts with the real economy of production, consumption, and exchange. These 21 papers, published 1972–2007, cover core monetary theory and public finance, asset pricing, and the real effects of monetary instability.

This note overviews macroprudential policy options that have been proposed to address the systemic risks experienced during the recent financial crisis. It contributes to the policy debate by providing a taxonomy of macroprudential policies in terms of the specific negative externalities in the financial...

High and persistent inflation in India has presented serious macroeconomic challenges, such as widening the current account deficit, exposing India to global financial market turbulence, and slowing growth. A number of factors have caused high inflation, including food inflation feeding quickly into...

Monetary system is a source of understanding the theory of the demand for and supply of money in monetary economics. This book is a revised form of the Ph. D. thesis submitted to the BHU, India in 1998. It takes into consideration of the theoretical and empirical approaches, which provide the core elements for monetary analysis.

The IEO’s latest Annual Report covers its activities during the financial year ended April 2007. It summarizes the most recent IEO evaluations of The IMF and Aid to Sub-Saharan Africa and IMF Exchange Rate Policy Advice. The report also presents messages that are common to many IEO evaluations and...

Seminar paper from the year 2005 in the subject Economics - Monetary theory and policy, grade: A, Washington College (Faculty of Economics), course: International Finance 401, 5 entries in the bibliography, language: English, abstract: The creation of the European Monetary Union (EMU) and the introduction...

Surveillance is a core function of the IMF, a critical element of its toolkit for promoting global financial stability. Multilateral surveillance brings into analysis economic linkages and policy spillovers between countries, as well as international economic and market developments. This evaluation...

The book is essential for Caribbean economists who seek to understand the institutional evolution of Caribbean monetary regimes over the colonial era and since independence. It is also essential for regional economic policymakers.

The Financial Sector Assessment Program (FSAP) is a joint IMF–World Bank initiative to provide countries with comprehensive evaluations of their financial systems.The IEO evaluation assessed the effectiveness of the FSAP from the perspective of the IMF. The main findings address the following areas:...

In December 2012, as a kick-off to the Federal Reserve System's centennial, the Federal Reserve Bank of Cleveland asked leading monetary historians and macroeconomic economists to address current and recurring economic concerns that confront central banks from a historical perspective. The resulting...

David Hume (7 May 1711 25 August 1776) was a Scottish philosopher, historian, economist, and essayist, known especially for his philosophical empiricism and skepticism. He is regarded as one of the most important figures in the history of Western philosophy and the Scottish Enlightenment. Hume is often...