Interest Rates, Prices and Liquidity: Lessons from the Financial Crisis (Macroeconomic Policy Making)

Interest Rates, Prices and Liquidity: Lessons from the Financial Crisis (Macroeconomic Policy Making)

201 Lei (TVA inclus)
Livrare gratis la comenzi peste 500 RON. Pentru celelalte comenzi livrarea este 20 RON.

Cod produs/ISBN: 9781107480032

Disponibilitate: La comanda in aproximativ 4 saptamani

Limba: Engleza

Nr. pagini: 294

Coperta: Paperback

Dimensiuni: 15.2 x 1.6 x 22.9 cm

An aparitie: 2015

Many of the assumptions that underpin mainstream macroeconomic models have been challenged as a result of the traumatic events of the recent financial crisis. Thus, until recently, it was widely agreed that although the stock of money had a role to play, in practice it could be ignored as long as we used short-term nominal interest rates as the instrument of policy because money and other credit markets would clear at the given policy rate. However, very early on in the financial crisis interest rates effectively hit zero percent and so central banks had to resort to a wholly new set of largely untested instruments to restore order, including quantitative easing and the purchase of toxic financial assets. This book brings together contributions from economists working in academia, financial markets and central banks to assess the effectiveness of these policy instruments and explore what lessons have so far been learned.
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An aparitie 2015
Autor Jagjit S. Chadha
Dimensiuni 15.2 x 1.6 x 22.9 cm
Editura Cambridge University Press
Format Paperback
ISBN 9781107480032
Limba Engleza
Nr pag 294

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