Category

share

Inflation Targeting vs. Monetary Targeting

Inflation Targeting vs. Monetary Targeting

 

Marketed By :  LAP LAMBERT Academic Publishing   Sold By :  Kamal Books International  
Delivery in :  10-12 Business Days

 
₹ 2,675

Availability: Out of stock

 

Delivery :

5% Cashback on all Orders paid using MobiKwik Wallet T&C

Free Krispy Kreme Voucher on all Orders paid using UltraCash Wallet T&C
Product Out of Stock Subscription

(Notify me when this product is back in stock)

  • Product Description
 

This paper studies how ECB and Bundesbank pursue their monetary policies and based on their example demonstrates that the inflation targeting and monetary base targeting are not alternatives to each other. There is a widely spread convention that Bundesbank is a monetary base targeting central bank, while ECB mainly follows inflation targeting rule. This study demonstrates that if ECB were conducting the monetary policy according to Bundesbank’s reaction function, it would get the similar results as we observe in real Macroeconomy of Euro Area. Empirical exercise employed in this research shows that the long run goal of price stability is the main concern of both policy regimes and they can be used simultaneously for achieving this ultimate goal. Thus, the paper emphasizes that there is no inconsistency between inflation targeting and money base target. The sole difference is that money base target should be used as an instrument, as an intermediate target for inflation targeting. As for interest rate target, in the cases of high volatility in velocity, it may appear to be an efficient targeting rule, though parallel to money growth regulations.

Product Specifications
SKU :COC74635
Country of ManufactureIndia
Product BrandLAP LAMBERT Academic Publishing
Product Packaging InfoBox
In The Box1 Piece
Product First Available On ClickOnCare.com2015-10-08
0 Review(s)