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Inflation Targeting in the United Kingdom.New 9783836677905 Fast Free Shipping<|
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Item specifics
- Condition
- PublishedOn
- 2009-09-01
- Title
- Inflation Targeting in the United Kingdom
- ISBN
- 9783836677905
- Publication Year
- 2009
- Type
- Textbook
- Format
- Paperback
- Language
- English
- Publication Name
- Inflation Targeting in the United Kingdom: Theoretical and Practical Aspects
- Item Height
- 254 mm
- Publisher
- Diplomica Verlag
- Subject
- Business
- Item Weight
- 168 g
- Item Width
- 178 mm
- Number of Pages
- 88 Pages
About this product
Product Information
Especially since the operational introduction as central bank monetary policy framework in the early 1990s in New Zealand, the United Kingdom (UK), Canada and Sweden, inflation targeting has gained both empirical and theoretical relevance as a monetary policy strategy. In this paper I relate to inflation targeting theory and its framework in the UK. For that purpose the author first regards the development of inflation targeting in respect to other monetary policy strategies. He answers the question what the actual target variable is and why one would want to have inflation being low and stable. Then there is some complexity because the development of inflation targeting has to be viewed in relation to paradigmatic debates between Monetarist and New-Keynesian insights. He present the two fundamental views of how an inflation targeting framework should be modelled. By stating some equations from basic theoretical literature, he gives an overview about the different characteristics of that monetary policy strategy and how there is still controversy about the way of modelling. One chapter is concerned with the operational framework in the UK, including statements to historical developments at the Bank of England. The present monetary policy framework will be reviewed in detail relating to the Bank's publication policy and the inflation forecasting process. The Bank of England's model of the transmission mechanism is reviewed. This includes the interest rate setting process, the role of money and the relationship between inflation and inflation expectations. Finally, he discusses some economic effects that changed the British economy since the introduction of inflation targeting.
Product Identifiers
Publisher
Diplomica Verlag
ISBN-13
9783836677905
eBay Product ID (ePID)
205450852
Product Key Features
Publication Year
2009
Subject
Business
Number of Pages
88 Pages
Language
English
Publication Name
Inflation Targeting in the United Kingdom: Theoretical and Practical Aspects
Type
Textbook
Format
Paperback
Dimensions
Item Height
254 mm
Item Weight
168 g
Item Width
178 mm
Additional Product Features
Item description from the seller
Business seller information
WRAP Ltd.
Mubin Ahmed
Unit 4
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Reading
Berkshire
RG30 1DZ
United Kingdom
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- 03800600
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