Explain carefully the rationale for the Taylor rule in monetary policy and discuss the extent to which modern central banks in major countries have been following Taylor rules

Nonfiction, Social & Cultural Studies, Political Science, Politics, Economic Policy
Cover of the book Explain carefully the rationale for the Taylor rule in monetary policy and discuss the extent to which modern central banks in major countries have been following Taylor rules by Kristian Kanthak, GRIN Publishing
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Kristian Kanthak ISBN: 9783638166331
Publisher: GRIN Publishing Publication: January 23, 2003
Imprint: GRIN Publishing Language: English
Author: Kristian Kanthak
ISBN: 9783638166331
Publisher: GRIN Publishing
Publication: January 23, 2003
Imprint: GRIN Publishing
Language: English

Essay from the year 2002 in the subject Business economics - Economic Policy, grade: 1,7 (A-), University of St Andrews (Department of Economics), course: Monetary Policy, 9 entries in the bibliography, language: English, abstract: According to Goodhart's speech in 1998, the key decision that the monetary authorities take each month is whether, and by how much, to alter the shortterm interest rate. As central banks vary interest rates in response to economic development the crucial question has become how they should adjust it in order to achieve, or to come as close as possible to, the social welfare optimum. The vital importance of this decision for the financial community and therefore the economies in general could be observed in the public discussion which frequently occurs about how the Fed and the ECB should react by changing the short term interest rates. A popular way of explaining the way central banks take its interest rate decisions has been proposed by Taylor in 1993. He basically suggested a rule, which he derived from observation of former successful monetary policy. This essay shows how the Taylor rule works and to which extent major central banks have been following the rule.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

Essay from the year 2002 in the subject Business economics - Economic Policy, grade: 1,7 (A-), University of St Andrews (Department of Economics), course: Monetary Policy, 9 entries in the bibliography, language: English, abstract: According to Goodhart's speech in 1998, the key decision that the monetary authorities take each month is whether, and by how much, to alter the shortterm interest rate. As central banks vary interest rates in response to economic development the crucial question has become how they should adjust it in order to achieve, or to come as close as possible to, the social welfare optimum. The vital importance of this decision for the financial community and therefore the economies in general could be observed in the public discussion which frequently occurs about how the Fed and the ECB should react by changing the short term interest rates. A popular way of explaining the way central banks take its interest rate decisions has been proposed by Taylor in 1993. He basically suggested a rule, which he derived from observation of former successful monetary policy. This essay shows how the Taylor rule works and to which extent major central banks have been following the rule.

More books from GRIN Publishing

Cover of the book Elegiac Aspects and Biblical Imagery in Rudyard Kipling's 'The Children' by Kristian Kanthak
Cover of the book Lebendige Erzählkultur in der Grundschule by Kristian Kanthak
Cover of the book Drama and early foreign language teaching by Kristian Kanthak
Cover of the book Corporate media industries - Threat or chance? by Kristian Kanthak
Cover of the book Essay: Antje Di Bella und Lutz Eckner: Gottesbild - Menschenbild - Weltbild by Kristian Kanthak
Cover of the book United Kingdom's Challenges in the European Monetary and Economic Union (EMU) by Kristian Kanthak
Cover of the book Printcoverage Bali bombing - Australia vs. Asia by Kristian Kanthak
Cover of the book Marketing New Zealand via 'The Lord of the Rings' by Kristian Kanthak
Cover of the book Nepal's Economic Landscape: Recommendations for a sustainable Economic Policy by Kristian Kanthak
Cover of the book The perception of George Orwell in Germany by Kristian Kanthak
Cover of the book The Baltic States as members of the European Union - An analysis of the public opinion to EU membership in the Baltic Region by Kristian Kanthak
Cover of the book How effectively have US-Presidents attempted to overcome the limits to their power? by Kristian Kanthak
Cover of the book The National Health Service - an antiquated system of healthcare by Kristian Kanthak
Cover of the book Literature Review: The Ascent of Money: A Financial History of the World, Niall Ferguson by Kristian Kanthak
Cover of the book Right to Health of women and children in India by Kristian Kanthak
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy