[PDF] Inflation And Monetary Policy In Pacific Basin Developing Countries eBook

Author : Kumiharu Shigehara
Publisher : Springer
Page : 409 pages
File Size : 33,5 MB
Release : 1993-06-18
Category : Business & Economics
ISBN : 1349128937

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Investigates various aspects of inflation - the recent history of inflation as well as potential sources of changes, the technical issues regarding the measurement of inflation, the indicators for future inflation, and the policy implications to achieve and maintain price stability.

Author : Hang-Sheng Cheng
Publisher : Springer Science & Business Media
Page : 451 pages
File Size : 41,84 MB
Release : 2012-12-06
Category : Business & Economics
ISBN : 9400926855

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The chapters in this book are based on papers prepared for a conference organized by the Federal Reserve Bank of San Francisco, held at the bank September 23-25, 1987, to review and compare monetary policy experiences of Pacific Basin countries during the past 15 years. The theme of the conference was conceived with two purposes in mind. First, there was (and still is) a great need to enhance knowledge on the workings of economies in the Pacific Basin, which has been the fastest growing region in the world economy during the past 30 years. While much has been written on Pacific Basin trade and economic growth, relatively few studies have been published on the conduct of monetary policy in these economies. Second, as we in the United States and others elsewhere have learned, rapid financial market changes over the last 15 years have led to considerable adjustment in the conduct of monetary policy. A comparative study of various national experiences can yield insights into the inter actions between monetary policy and financial market changes more than is obtainable by examining indi vidual national experiences separately.

Author : Reuven Glick
Publisher : Cambridge University Press
Page : 148 pages
File Size : 34,9 MB
Release : 1998-06-13
Category : Business & Economics
ISBN : 9780521623230

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"This is a very timely book that brings the reader to the forefront of current research on macroeconomic policy issues in economies subject to sizable capital flows".--Guillermo A. Calvo, University of Maryland.

Author : Mr.Luis Brandao-Marques
Publisher : International Monetary Fund
Page : 54 pages
File Size : 41,30 MB
Release : 2020-02-21
Category : Business & Economics
ISBN : 1513529730

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Central banks in emerging and developing economies (EMDEs) have been modernizing their monetary policy frameworks, often moving toward inflation targeting (IT). However, questions regarding the strength of monetary policy transmission from interest rates to inflation and output have often stalled progress. We conduct a novel empirical analysis using Jordà’s (2005) approach for 40 EMDEs to shed a light on monetary transmission in these countries. We find that interest rate hikes reduce output growth and inflation, once we explicitly account for the behavior of the exchange rate. Having a modern monetary policy framework—adopting IT and independent and transparent central banks—matters more for monetary transmission than financial development.