Best Seller Money Stock Control and Inflation Targeting in Germany

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Money Stock Control and Inflation Targeting in Germany
By:Claus Brand
Published on 2001-03-27 by Springer Science & Business Media

The book considers issues relevant to the European Central Bank in refining and communicating its strategy. It offers a historical assessment of the Bundesbank's strategy of monetary targeting conducted from 1974 to 1998. In contrast to several other prominent studies it is argued that money played a flexible but very important role in the conduct of its policy. It also explores the implications of the identified monetary policy regime in the context of various theories of the money supply process. The empirical analysis conducted in this study is based on a linear state space modelling approach which offers an appealing and direct representation of common stochastic trends. The framework is less restrictive and it is encompassing in that it does not construe the persistent dynamics as being driven by pure random walk components.

This Book was ranked at 25 by Google Books for keyword Money.

Book ID of Money Stock Control and Inflation Targeting in Germany's Books is EpL7EGyxhU4C, Book which was written byClaus Brandhave ETAG "OkvxcbqZotU"

Book which was published by Springer Science & Business Media since 2001-03-27 have ISBNs, ISBN 13 Code is 9783790813937 and ISBN 10 Code is 3790813931

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Book which have "173 Pages" is Printed at BOOK under CategoryBusiness and Economics

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