Monetary Policy Frameworks in a Global Context

Download or read book Monetary Policy Frameworks in a Global Context written by Lavan Mahadeva and published by Psychology Press. This book was released on 2000 with total page 692 pages. Available in PDF, EPUB and Kindle. Book excerpt: Based on data collected through a questionnaire completed by over 70 central banks in industrialized, transitional and developing economies, the analysis shows how the detailed characteristics of a monetary framework depend upon: structural differences; varying degrees of indexation and other nominal rigidities that affect the speed of transmission from monetary policy to inflation; and institutional arrangements and analytical constraints that influence the way in which monetary policy can respond. This comprehensive text with contributions from renowned experts should be of value to professional economists and students of economics and banking alike.