Overview

"This book provides an in-depth description and analysis of monetary policy in Europe and the United States. Unusually for a volume in the field, it focuses on actual monetary policy - targets, institutions, strategies, and instruments - but traditional and contemporary theoretical approaches to monetary policy form the basis for each chapter. Concentrating specifically on the European Central Bank, ""Monetary Policy"" offers one of the first comprehensive guides to understanding the targets, strategy, and instruments of the ECB.In the past, many books have presented mere descriptions of the institutional framework without providing a theoretical framework, while others have dealt mainly with theoretical aspects, thus neglecting the policy implications of their analysis. By combining a theoretical with a policy-oriented approach, Peter Bofinger succeeds in closing this gap in the monetary policy literature. As a result, his book will appeal to a broad readership, including investment bankers and other professional investors, central bankers, and scholars working in the field."

Full Product Details

Author:   Peter Bofinger (, University of Wuerzburg)
Publisher:   Oxford University Press
Imprint:   Oxford University Press
Dimensions:   Width: 16.50cm , Height: 3.00cm , Length: 24.30cm
Weight:   0.807kg
ISBN:  

9780199240579

ISBN 10:   0199240574
Pages:   476
Publication Date:   18 October 2001
Audience:   College/higher education ,  Professional and scholarly ,  Postgraduate, Research & Scholarly ,  Professional & Vocational
Format:   Hardback
Publisher's Status:   Active
Availability:   To order  
Stock availability from the supplier is unknown. We will order it for you and ship this item to you once it is received by us.

Table of Contents

"I. Theoretical Fundamentals of Monetary Policy1: What is Money? 2: The Demand for Money 3: The Money Supply Process---Trailhead of the Transmission Process 4: Monetary Policy Transmission II. Domestic Aspects of Monetary Policy5: The Ultimate Goal and the Final Targets of Monetary Policy 6: The Institutional Framework for Monetary Policy I: ""Rules versus Discretion"" 7: The Institutional Framework of Monetary Policy II: The Design of the Central Bank Legislation 8: Strategies (""Simple Rules"") for a Stability-Oriented Monetary Policy 9: The Conduct of Monetary Policy by the World's major Central Banks 10: The Instruments of Monetary Policy 11: Seigniorage and Inflation Tax III. Monetary Policy in an Open Economy12: Important Building Blocks of Open Economy Macroeconomics 13: Monetary Policy Strategies in an Open Economy"

Reviews

`This book is a must for those who are concerned deeply with monetary policy, whether it is an academic or practitioner interest.' Financial Times Deutschland `This book is one that both practitioners and non-practitioners alike can benefit from. ... a valuable contribution to the literature on the subject. It is [Bofinger's] blend of analysis of institutional practice within a theoretical framework that makes his book so useful.' CentralBankNet.com

A comprehensive user's guide to monetary policy ... a noble endeavour to improve understanding of the dark art , to gather all the strands together so that this book is one that both practitioners and non-practitioners alike can benefit from. While central bankers will find it a valuable resource, academics will find it a useful work of reference and it should become a requisite handbook for students of central banking ... It is his [Bofinger's] blend of analysis of institutional practice within a theoretical framework that makes his book so useful. Central Banking Journal This book is a must for those who are concerned deeply with monetary policy, whether it is an academic or practitioner interest. Financial Times Deutschland

Author Information

Peter Bofinger is Full Professor and Chair in Monetary and International Economics at the University of Wuerzburg. He is also Consultant for the European Commission, the European Parliament, the Government of Kazakstan, and the Central Bank of Uzbekistan.

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