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OverviewThis work investigates the relationship between exchange rates and the decision making process that we currently call monetary policy, i.e. a central bank's problem of setting the short-term interest rate in order to achieve some basic macroeconomicgoals, asking whether in addition to the traditional goals of monetary policy, namely price stability and business cycle stabilization, the exchange rate should not be included as a further objective of monetary policy in theoretical models and policy discussions. Based on an econometric study of the behaviour of the Federal Reserve from 1979 to 2007, as well as on theoretical arguments from the macroeconomic as well as from the policy literature, it concludes that there is indeed scope for the inclusion of excahnge rates in monetary policy analyses and decisions. Full Product DetailsAuthor: Andrej SokolPublisher: LAP Lambert Academic Publishing Imprint: LAP Lambert Academic Publishing Dimensions: Width: 15.20cm , Height: 0.70cm , Length: 22.90cm Weight: 0.181kg ISBN: 9783844385625ISBN 10: 3844385622 Pages: 116 Publication Date: 12 July 2011 Audience: General/trade , General Format: Paperback Publisher's Status: Active Availability: Out of print, replaced by POD  We will order this item for you from a manufatured on demand supplier. Table of ContentsReviewsAuthor InformationTab Content 6Author Website:Countries AvailableAll regions |
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