International Risk Sharing During the Globalization Era PDF (Adobe DRM) download by Robert P. Flood

International Risk Sharing During the Globalization Era

INTERNATIONAL MONETARY FUND
Publication date: June 2004
ISBN: 9781451873566
Digital Book format: PDF (Adobe DRM)

Buy PDF

List price:
$18.00
Our price:
$13.99

You save: $4.01 (22%)
GET THIS EBOOK
FOR FREE!
Join our Facebook sweepstake, share and
get 10 likes. Winners
get notified in 24H!
Monetary aggregates continue to play an important role in the ECB's policy strategy. This paper revisits the case for money, surveying the ongoing theoretical and empirical debate. The key conclusion is that an exclusive focus on non-monetary factors alone may leave the ECB with an incomplete picture of the economy. However, treating monetary factors as a separate matter is a second-best solution. Instead, a general-equilibrium inspired analytical framework that merges the economic and monetary "pillars" of the ECB's policy strategy appears the most promising way forward. The role played by monetary aggregates in such unified framework may be rather limited. However, an integrated framework would facilitate the presentation of policy decisions by providing a clearer narrative of the relative role of money in the interaction with other economic and financial sector variables, including asset prices, and their impact on consumer prices.
Please sign in to review this product.
Format:
Devices:
International Risk Sharing During the Globalization Era PDF (Adobe DRM) can be read on any device that can open PDF (Adobe DRM) files.

File Size:
1857 Kb
Language:
ENG
Copy From Text:
Disabled.
Printing:
Disabled.