Inflation Targeting after the Crisis. The Past, Present and Future of Monetary Policy

Business & Finance, Economics, Money & Monetary Policy
Cover of the book Inflation Targeting after the Crisis. The Past, Present and Future of Monetary Policy by Matthias Runkel, GRIN Verlag
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Matthias Runkel ISBN: 9783656855743
Publisher: GRIN Verlag Publication: December 9, 2014
Imprint: GRIN Verlag Language: English
Author: Matthias Runkel
ISBN: 9783656855743
Publisher: GRIN Verlag
Publication: December 9, 2014
Imprint: GRIN Verlag
Language: English

Seminar paper from the year 2012 in the subject Economics - Monetary theory and policy, grade: 7,5 (out of 10), Maastricht University, course: Macroeconomic Policy in Europe, language: English, abstract: For more than two decades has inflation targeting been shaping monetary policy. Inflation has successfully been brought down and stabilized. However, financial imbalances have arisen at the same time, resulting in the Great Recession that major economies are still struggling with. Monetary policy seems to have been overemphasizing price stability while underestimating the risks of financial imbalances. Even before the crisis did research point to this problem, but - as history teaches us - it does usually take events with major impact on the understanding of the economy for these to be decisively addressed. It seems legitimate to argue that the Great Recession is such an event. It is therefore of great importance to analyze possible consequences concerning monetary policy and inflation targeting in particular. The first section gives a brief history of monetary policy that shows how it has evolved over time and how economic events initiated major changes. Section 2 presents the concept of inflation targeting and how the lessons of history have been implemented into this policy framework. Section 3 discusses the shortcomings of inflation targeting that were revealed by the Great Recession and introduces several suggestions for modification that address these shortcomings

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

Seminar paper from the year 2012 in the subject Economics - Monetary theory and policy, grade: 7,5 (out of 10), Maastricht University, course: Macroeconomic Policy in Europe, language: English, abstract: For more than two decades has inflation targeting been shaping monetary policy. Inflation has successfully been brought down and stabilized. However, financial imbalances have arisen at the same time, resulting in the Great Recession that major economies are still struggling with. Monetary policy seems to have been overemphasizing price stability while underestimating the risks of financial imbalances. Even before the crisis did research point to this problem, but - as history teaches us - it does usually take events with major impact on the understanding of the economy for these to be decisively addressed. It seems legitimate to argue that the Great Recession is such an event. It is therefore of great importance to analyze possible consequences concerning monetary policy and inflation targeting in particular. The first section gives a brief history of monetary policy that shows how it has evolved over time and how economic events initiated major changes. Section 2 presents the concept of inflation targeting and how the lessons of history have been implemented into this policy framework. Section 3 discusses the shortcomings of inflation targeting that were revealed by the Great Recession and introduces several suggestions for modification that address these shortcomings

More books from GRIN Verlag

Cover of the book Allan Sekulas 'Fish Story' (2002) und die vier weltanschaulichen Eckpfeiler des Sekulaschen Schaffens by Matthias Runkel
Cover of the book Die PISA-Studie und das Bildungskonzept der OECD im Kontext neoliberaler Gouvernementalität by Matthias Runkel
Cover of the book What are Language Learning Strategies and How Can They Contribute To a Better Learning? by Matthias Runkel
Cover of the book Gewinnrealisierung nach HGB, IAS/IFRS und US-GAAP. Unterscheidungsmerkmale und Kriterien by Matthias Runkel
Cover of the book Der Vorhang fällt - Eine Studie zur Eindrucksbildung am Beispiel der Social Networking Website Facebook by Matthias Runkel
Cover of the book Die Absprache im Strafverfahren by Matthias Runkel
Cover of the book Die unterschiedlichen Rechtsschutzmöglichkeiten beim Beamten by Matthias Runkel
Cover of the book Bertolt Brechts 'Der aufhaltsame Aufstieg des Arturo Ui' - Eine Analyse der Darstellung der Figur Ui in der Inszenierung von Heiner Müller by Matthias Runkel
Cover of the book Benötigen wir eine europäische Identität? by Matthias Runkel
Cover of the book Übliche vertragliche Regelungen beim Share Deal by Matthias Runkel
Cover of the book Irreführung (Wettbewerbsrecht) by Matthias Runkel
Cover of the book Ausfüllen eines Meldescheins als Teil des Check-Ins (Unterweisung Hotelfachmann / -fachfrau) by Matthias Runkel
Cover of the book Prozessoptimierung bei der Personalentwicklung by Matthias Runkel
Cover of the book Fritz Langs 'Nibelungen' - Rezeption mittelalterlicher Vergangenheit im Film by Matthias Runkel
Cover of the book Pressezensur im Dritten Reich by Matthias Runkel
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy