Three Essays On Monetary Policy And Inflation In Developing Countries
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Author | : Michael D. Bordo |
Publisher | : University of Chicago Press |
Total Pages | : 545 |
Release | : 2013-06-28 |
Genre | : Business & Economics |
ISBN | : 0226066959 |
Controlling inflation is among the most important objectives of economic policy. By maintaining price stability, policy makers are able to reduce uncertainty, improve price-monitoring mechanisms, and facilitate more efficient planning and allocation of resources, thereby raising productivity. This volume focuses on understanding the causes of the Great Inflation of the 1970s and ’80s, which saw rising inflation in many nations, and which propelled interest rates across the developing world into the double digits. In the decades since, the immediate cause of the period’s rise in inflation has been the subject of considerable debate. Among the areas of contention are the role of monetary policy in driving inflation and the implications this had both for policy design and for evaluating the performance of those who set the policy. Here, contributors map monetary policy from the 1960s to the present, shedding light on the ways in which the lessons of the Great Inflation were absorbed and applied to today’s global and increasingly complex economic environment.
Author | : Martin Shubik |
Publisher | : MIT Press |
Total Pages | : 472 |
Release | : 1999 |
Genre | : Business & Economics |
ISBN | : 9780262693110 |
This first volume in a three-volume exposition of Shubik's vision of "mathematical institutional economics" explores a one-period approach to economic exchange with money, debt, and bankruptcy. This is the first volume in a three-volume exposition of Martin Shubik's vision of "mathematical institutional economics"--a term he coined in 1959 to describe the theoretical underpinnings needed for the construction of an economic dynamics. The goal is to develop a process-oriented theory of money and financial institutions that reconciles micro- and macroeconomics, using as a prime tool the theory of games in strategic and extensive form. The approach involves a search for minimal financial institutions that appear as a logical, technological, and institutional necessity, as part of the "rules of the game." Money and financial institutions are assumed to be the basic elements of the network that transmits the sociopolitical imperatives to the economy. Volume 1 deals with a one-period approach to economic exchange with money, debt, and bankruptcy. Volume 2 explores the new economic features that arise when we consider multi-period finite and infinite horizon economies. Volume 3 will consider the specific role of financial institutions and government, and formulate the economic financial control problem linking micro- and macroeconomics.
Author | : Charles Freedman |
Publisher | : International Monetary Fund |
Total Pages | : 27 |
Release | : 2009-04-01 |
Genre | : Business & Economics |
ISBN | : 145187233X |
This is the second chapter of a forthcoming monograph entitled "On Implementing Full-Fledged Inflation-Targeting Regimes: Saying What You Do and Doing What You Say." We begin by discussing the costs of inflation, including their role in generating boom-bust cycles. Following a general discussion of the need for a nominal anchor, we describe a specific type of monetary anchor, the inflation-targeting regime, and its two key intellectual roots-the absence of long-run trade-offs and the time-inconsistency problem. We conclude by providing a brief introduction to the way in which inflation targeting works.
Author | : Dambisa Moyo |
Publisher | : Macmillan |
Total Pages | : 209 |
Release | : 2009-03-17 |
Genre | : Business & Economics |
ISBN | : 0374139563 |
Debunking the current model of international aid promoted by both Hollywood celebrities and policy makers, Moyo offers a bold new road map for financing development of the world's poorest countries.
Author | : Mr.Paul R. Masson |
Publisher | : International Monetary Fund |
Total Pages | : 54 |
Release | : 1997-10-01 |
Genre | : Business & Economics |
ISBN | : 145185515X |
Inflation targeting (IT) serves as monetary policy framework in several advanced economies, where it has enhanced policy transparency and accountability. The paper considers its wider applicability to developing countries. The prerequisites for a successful IT framework are identified as an ability to carry out an independent monetary policy (free of fiscal dominance or commitment to another nominal anchor, like the exchange rate) and a quantitative framework linking policy instruments to inflation. These prerequisites are largely absent among developing countries, though several of them could with some further institutional changes and an overriding commitment to low inflation make use of an IT framework.
Author | : World Bank |
Publisher | : World Bank Publications |
Total Pages | : 493 |
Release | : 2010-04-22 |
Genre | : Business & Economics |
ISBN | : 0821382322 |
Looking for accurate, up-to-date data on development issues? 'World Development Indicators' is the World Bank's premier annual compilation of data about development. This indispensable statistical reference allows you to consult over 800 indicators for more than 150 economies and 14 country groups in more than 90 tables. It provides a current overview of the most recent data available as well as important regional data and income group analysis in six thematic sections: World View, People, Environment, Economy, States and Markets, and Global Links. 'World Development Indicators 2010' presents the most current and accurate development data on both a national level and aggregated globally. It allows you to monitor the progress made toward meeting the Millennium Development Goals endorsed by the United Nations and its member countries, the World Bank, and a host of partner organizations. These goals, which focus on development and the elimination of poverty, serve as the agenda for international development efforts.
Author | : Harry Johnson |
Publisher | : Routledge |
Total Pages | : 341 |
Release | : 2013-07-18 |
Genre | : Business & Economics |
ISBN | : 1134623569 |
Reprinting the second edition (which included a new introduction explaining developments which had emerged since first publication) this book discusses explorations in the fundamental theory of a monetary economy, a theoretical critique of the ‘Phillips Curve’ approach to the theory of inflation and the theory of the term structure of interest rates in terms of the theory of forward markets pioneered by David Meiselman.
Author | : Fahlino Fauzi Sjuib |
Publisher | : |
Total Pages | : 150 |
Release | : 2003 |
Genre | : Indonesia |
ISBN | : |
Author | : Conglin Xu |
Publisher | : |
Total Pages | : 258 |
Release | : 2011 |
Genre | : |
ISBN | : |
Author | : World Bank |
Publisher | : World Bank Publications |
Total Pages | : 466 |
Release | : 2011 |
Genre | : Business & Economics |
ISBN | : 082138709X |
'World Development Indicators' (WDI) is the World Bank's annual compilation of data about development. This statistical work allows readers to consult over 800 indicators for more than 150 economies and 14 country groups in more than 90 tables. It provides a current overview of regional data and income group analysis in six thematic sections - World View, People, Environment, Economy, States and Markets, and Global Links. This book presents current and accurate development data on both a national level and aggregated globally. It allows readers to monitor the progress made toward meeting the Millennium Development Goals endorsed by the United Nations and its member countries, the World Bank, and a host of partner organizations. These goals, which focus on development and the elimination of poverty, serve as the agenda for international development efforts. The CD-ROM contains time series data for more than 200 economies from 1960-2009, single-year observations, and spreadsheets on many topics. It contains more than 1,000 country tables and the text from the 'WDI 2010' print edition. The Windows based format permits users to search for and retrieve data in spreadsheet form, create maps and charts, and fully download them into other software programs for study or presentation purposes.