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From Preemptive Tightening to Preemptive Easing

 

Marketed By :  LAP LAMBERT Academic Publishing   Sold By :  Kamal Books International  
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  • Product Description
 

This book explores the evolution of U.S. monetary doctrines and practices during the Great Moderation (c.1985-2005). In the first half of this period, policy was mainly concerned with the threat of inflation. The wish to build reputational capital as credible inflation fighters was high on the list of priorities. As the Great Moderation became entrenched in the minds of policymakers and economists, the gains were perceived as more permanently realized. At the same time, new challenges arose both within the domestic economy and the global financial system. The Federal Reserve under the leadership of Alan Greenspan (1987-2006) developed an approach to monetary policy based on the notions of preemption and risk management. The main thesis is that policy moved from a bias toward preemptive tightening to fully contain inflation, to an approach characterized by preemptive easing when perceived downside risks appear, related to financial fallouts and the threat of deflation.

Product Specifications
SKU :COC68646
AuthorMarius Gustavson
LanguageEnglish
BindingPaperback
Number of Pages184
Publishing Year2011-10-25T00:00:00.000
ISBN978-3846539033
Edition1 st
Book TypeBanking & finance: study & revision guides
Country of ManufactureIndia
Product BrandLAP LAMBERT Academic Publishing
Product Packaging InfoBox
In The Box1 Piece
Product First Available On ClickOnCare.com2015-07-08 00:00:00
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