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Title
Monetary policy in interdependent economies : the task ahead / Ioanna T. Kokores.
ISBN
9783031419584 (electronic bk.)
3031419588 (electronic bk.)
9783031419577
303141957X
Published
Cham : Springer, [2023]
Copyright
©2023
Language
English
Description
1 online resource (xv, 250 pages) : illustrations (some color).
Item Number
10.1007/978-3-031-41958-4 doi
Call Number
HG230.3
Dewey Decimal Classification
332.4/6
Summary
This book explores the challenges faced by central banks in the aftermath of the global financial crisis and the events that followed. It further emphasises the asymmetries in the transmission of monetary policy in the Eurozone economies and among major advanced economies. The book also highlights the advances in the monetary policy debate towards an efficient resource allocation. The author argues that the canonical model of macroeconomic stabilization, which assigns the main burden of stabilization to monetary policy, is outdated primarily because of the absence of financial frictions. Further, she highlights the urgency of pushing risky activities outside the perimeters of regulation in face of rapidly evolving financial markets. The book provides an analytical framework in the context of intense globalisation and increased interdependence across economies, irrespective of the recent re-examining of supply-chains and trade relationships, as well as a policy framework thoroughly amended after the global financial crisis and the crises that followed it. Presenting policy proposals, the book discusses how policymakers must try to develop a set of policies that the public will have confidence in and take into account in forming expectations about future inflation and spending. It will be useful to central banking practitioners, monetary and fiscal policymakers, as well as students and scholars in economics and, in particular, financial economics.
Bibliography, etc. Note
Includes bibliographical references.
Access Note
Access limited to authorized users.
Source of Description
Online resource; title from PDF title page (SpringerLink, viewed October 13, 2023).
Series
Financial and monetary policy studies ; 55. 2197-1889
Available in Other Form
Print version: 9783031419577
Chapter 1. Introduction
Part 1: Does the Science of Monetary Policy Need to Be Altered?
Chapter 2. New Challenges on the Science of Monetary Policy
Chapter 2. New Lessons for Macroeconomics and Finance Theory
Chapter 4. In Search for a New Monetary Policy Framework
Part 2: Challenges for Monetary Policy in Interdependent Economies: Lessons From the Eurozone Crisis
Chapter 5. Monetary Policy Crisis in the Eurozone
Chapter 6. A Critical Assessment of the Euro-project in Retrospect
Part 3: The Task Ahead: Monetary Policy in Uncharted Waters
Chapter 7. Monetary Theory and Policy: the Implications of Radical Uncertainty
Chapter 8. Monetary Policy in Interdependent Economies: the Task Ahead
Chapter 9. Looking to the Future: Monetary Policy in Uncharted Waters.
