Central Banking: Economic Considerations and Policy Goals

Betty F. Vang (Editor)
Raphael H. Pate (Editor)

Series: Economic Issues, Problems and Perspectives, Banks and Banking Developments
BISAC: BUS004000

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$110.00

Volume 10

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Special issue: Resilience in breaking the cycle of children’s environmental health disparities
Edited by I Leslie Rubin, Robert J Geller, Abby Mutic, Benjamin A Gitterman, Nathan Mutic, Wayne Garfinkel, Claire D Coles, Kurt Martinuzzi, and Joav Merrick

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Keeping an economy growing over the long run at rates sufficient to provide full employment for labor and capital with low inflation or a stable price level has been an important goal for economic policy. Money and monetary policy have figured importantly in achieving this goal. Currently, it is argued, central bank independence is important to achieving this end. This book examines various indices of central bank independence to see how closely independence is related to such important performance characteristics of an economy as the rate of inflation, the growth of output, investment, and real interest rates. (Imprint: Nova)

Preface

Central Bank Independence and Economic Performance: What Does Evidence Show?
(Marc Labonte, Gail E. Makinen, CRS)

Price Stability (Inflation Targeting) as the Sole Goal of Monetary Policy: The International Experience
(Marc Labonte, Gail E. Makinen, CRS)

Economics of Federal Reserve Independence
(Marc Labonte, CRS)

Should the Federal Reserve Adopt an Inflation Target?
(Marc Labonte, CRS)

Index

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