Monetary Policy and Interest Rates - Rilegato

Rilegato

ISBN 10: 0333716477 ISBN 13: 9780333716472

Casa editrice: Palgrave Macmillan, 1998

Riassunto

An authoritative examination for top international policymakers and academics conducting monetary policy arising from a conference organised by the Banca d'Italia. The yield curve - the relation among market interest rates of different maturities - is a key benchmark for evaluating investment strategies in the global financial market. To a growing extent, central banks use it to evaluate, explain to the public and monitor the results of policy decisions.

Su questo libro

L'autore:

JUAN AYUSO Banco de España, Research Department LUIGI BUTTIGLIONE Banca d'Italia, Servizion Studi JAGJIT S. CHADHA Bank of England PAOLO DEL GIOVANE Banca d'Italia, Servizio Studi FRANCESCO DRUDI Banca d'Italia, Servizio Studi CARLO FAVERO Università Bocconi and Center for Economic Policy Research JOE A. GANLEY Bank of England STEFAN GERLACH Bank for International Settlement and Centre for Economic Policy Research FABRIZIO IACONE Università Bocconi PETER KUGLER University of Bern JEFFREY H. NIELSEN Copenhagen Business School SOLEDAD NUNEZ Banco de España MARCO PIFFERI Università Bocconi RICCARDO ROVELLI Università Bocconi and IGIER GLENN RUDEBUSCH Federal Reserve Bank of San Francisco FRANK SMETS Bank for International Settlement and Centre for Economic Policy Research ORESTE TRISTANI Banca d'Italia, Servizio Studi ROBERTO VIOLI Banca d'Italia, Servizio Studi

Contenuti:

List of Contributors
Introduction
Monetary Policy and Interest Rates; I.Angeloni and R.Rovelli
Exchange Rate Regimes and the Expectation Hypothesis of the Term Structure; S.Gerlach and F.Smets
Decomposing the Term Structure Into Risk Premia and Expectations: Evidence for the Eurolira Rates; F.Drudi and R.Violi
Long Term Bond Yields, Monetary Policy and the Expectation Hypothesis of the Term Structure of Interest Rates; P.Kugler
Borrowed Reserves, Fed Funds Rate Targets, and the Term Structure; J.Nielsen
Monetary Policy Actions and the Term Structure of Interest Rates: A Cross-country Analysis; L.Buttiglione, P.Giovane and O.Tristani
Monetary Policy, Inflation Persistence and the Term Structure of Interest Rates: Estimates for the UK, Germany and the US; J.Chadha and J.Ganley
Monetary Policy, Forward Rates and Long Rates: Does Germany Differ from the US?; C.Favero, F.Iacone and M.Pifferi
Is the Term Structure of Interest Rates a Useful Indicator for Spanish Monetary Policy?; J.Ayuso and S.Nunez
Monetary Policy and the Term Structure of Interest Rates: An Overview of Some Recent Research; G.Rudebusch
Using the Term Structure of Interest Rates for Monetary Policy; M.Goodfriend
Index

Su questa edizione

• Editore: Palgrave Macmillan
• Data di pubblicazione: 1998
• ISBN 10: 0333716477
• ISBN 13: 9780333716472
• Rilegatura: Copertina rigida
• Numero di pagine: 295
• Redattore: Rovelli Riccardo, Angeloni Ignazio