In this text leading monetary economists discuss applied aspects of monetary policy and offer practical research on the timing, magnitude, and channels of central banking actions. The contributors evaluate a variety of policy rules based on monetary aggregates, nominal income, commodity prices, and other economic variables. They also analyze price behaviour and inflation, particularly the short-run behaviour of prices. Other papers examine the monetary transmission mechanism - the channel through which the central bank's actions affect spending on goods and services - with a special focus on the reduction in bank lending that must accompany a reduction in reserves. The book is intended for monetary specialists, graduate students and economists.

Book Information
ISBN 9780226503097
Author N. Gregory Mankiw
Format Paperback
Page Count 356
Imprint University of Chicago Press
Publisher The University of Chicago Press
Weight(grams) 539g
Dimensions(mm) 23mm * 15mm * 2mm