Intitutions and monetary policy : credibility, flexibility and central bank independence /
| Autore principale: | |
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| Natura: | Libro |
| Lingua: | Inglés |
| Pubblicazione: |
Great Britain :
Edward Elgar,
1995.
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| Soggetti: |
Sommario:
- 1. Introduction.
- 2. A history of the rules versus discretion debate.
- 3. Central bank independence in twelve industrial countries.
- 4. Central bank independece: theory and evidence.
- 5. Central bank independence, monetary accommodation and inflation persistence.
- 6. Inflation, growth and the optimal degree of central bank independece.
- 7. Wage formation, monetary targeting and the optimal degree of central bank independece.
- 8. Summary and concluding remarks.