This broad-ranging collection assesses the links between targets and central bank independence, accountability and the transparency of monetary policy. Renowned experts contribute to this original and comprehensive text which will be of great value to professional economists and students of economics and banking alike. Monetary Policy Frameworks in a Global Context was named Book of the Year, 2000 by Central Banking journalThis was by far the most common categorisation, though it does not accord with the views of every central bank. ... account of the different role each variable has in the transmission mechanism, but since transmission mechanisms are so diverse across economies, that solution is not ideal. ... Lybek (1999) tackles these problems by defining a single index that represents both autonomy and accountability.
|Title||:||Monetary Policy Frameworks in a Global Context|
|Author||:||Lavan Mahadeva, Gabriel Sterne|
|Publisher||:||Routledge - 2012-11-12|