| 书目名称 | Money Stock Control and Inflation Targeting in Germany |
| 副标题 | A State Space Modell |
| 编辑 | Claus Brand |
| 视频video | |
| 概述 | Includes supplementary material: |
| 丛书名称 | Contributions to Economics |
| 图书封面 |  |
| 描述 | 1.1 Intermediate strategies for monetary policy The launch of a single European currency in January 1999 has been sparking a heated debate over what strategy the European Central Bank‘s policy should be based on so as to distribute and maintain monetary stability in Europe. In order to pass the Bundesbank‘s reputation as a tough inflation fighter on to the European Central Bank there have been strong efforts to make the ECB a close copy of the Bundesbank. It might be surmised that there will be a lot of similarities in its intermediate strategies. Among other indicators, the ECB‘s policy will be based on the growth rate of a broad monetary aggregate consistent with its definition of price stability. As a key instrument in the new central bank‘s instruments, REPO operations will constitute the main refinancing source of private banks and, in addition, minimum reserve requirements have been introduced to facilitate the authority‘s command over the banking sector‘s liquidity by means of stabilising the demand for central bank money. After having introduced monetary targeting in the 1970s, in the 1980s, the Bank of England and the Fed soon abandoned it again, because of distor tions f |
| 出版日期 | Book 2001 |
| 关键词 | Bundesbank; European Central Bank; Inflation; Inflation Targeting; Linear State; Monetary Policy; Monetary |
| 版次 | 1 |
| doi | https://doi.org/10.1007/978-3-642-57601-0 |
| isbn_softcover | 978-3-7908-1393-7 |
| isbn_ebook | 978-3-642-57601-0Series ISSN 1431-1933 Series E-ISSN 2197-7178 |
| issn_series | 1431-1933 |
| copyright | Physica-Verlag Heidelberg 2001 |
发表于 2025-3-21 19:49:22
