Bienvenue chez nous!
Logo Ex Libris

Interest Rate Targeting, Inflation, and the Fisher Effect

  • Couverture cartonnée
  • 76 Nombre de pages
(0) Donner la première évaluation
Évaluations
(0)
(0)
(0)
(0)
(0)
Afficher toutes les évaluations
Revision with unchanged content. In the conduct of monetary policy, central banks may employ a policy instrument such as the disco... Lire la suite
CHF 65.00
Impression sur demande - l'exemplaire sera recherché pour vous.

Description

Revision with unchanged content. In the conduct of monetary policy, central banks may employ a policy instrument such as the discount rate to affect an intermediate target such as nominal interest rates in order to achieve an ultimate policy goal such as price stability. If nominal rates contain little or no information on real interest rates, and therefore on the tightness of monetary policy, they will be less useful as the central bank target. This book is an empirical test of the constancy of the real interest rate in Germany over the period 1970 to 2000. It addresses the following questions: (a) Are German real interest rate movements correlated with expected inflation?; (b) Are German real interest rates correlated with cyclical movements in real variables?; and (c) How valid is the Fisher Effect, which posits that movements in nominal interest rates reflect changes in expected inflation, in the case of Germany? These questions were examined in the context of U.S. monetary policy by Frederic Mishkin in his 1981 article, The Real Interest Rate: An Empirical Investigation , which this book draws on. The book is intended for students, researchers, scholars, and analysts of central bank monetary policy.

Auteur

was a logistician, contracting officer, and program manager for the United States Department of Defense from 1972 to 2007. In 2002, he received a master of arts degree in economics from the Virginia Polytechnic Institute and State University (Virginia Tech).

Informations sur le produit

Titre: Interest Rate Targeting, Inflation, and the Fisher Effect
Auteur:
Code EAN: 9783639423051
ISBN: 3639423054
Format: Couverture cartonnée
nombre de pages: 76
Poids: 130g
Taille: H220mm x B150mm x T5mm
Parution: 01.06.2012
Année: 2012
Auflage: Aufl.

Évaluations

Vue d’ensemble

Mes évaluations

Évaluez cet article