The Interest Rate Conditioning Assumption - Softcover

Goodhart, Charles

 
9781249557616: The Interest Rate Conditioning Assumption
Softcover
ISBN 10: 1249557615 ISBN 13: 9781249557616
Verlag: BiblioGov, 2012

Inhaltsangabe

A central bank's forecast must contain some assumption about the future path for its own policy-determined short-term interest rate. I discuss the advantages and disadvantages of the three main alternatives:

i. Constant from the latest level

ii. As implicitly predicted from the yield curve

iii. Chosen by the monetary policy committee (MPC)

Most countries initially chose alternative (i). With many central banks having planned to raise interest rates at a measured pace in the years 2004-06, there was a shift to (ii). However, Norway, and now Sweden, has followed New Zealand in adopting (iii), and the United Kingdom has also considered this move. So this is a lively issue.

Die Inhaltsangabe kann sich auf eine andere Ausgabe dieses Titels beziehen.

Reseña del editor

A central bank's forecast must contain some assumption about the future path for its own policy-determined short-term interest rate. I discuss the advantages and disadvantages of the three main alternatives:

i. Constant from the latest level

ii. As implicitly predicted from the yield curve

iii. Chosen by the monetary policy committee (MPC)

Most countries initially chose alternative (i). With many central banks having planned to raise interest rates at a measured pace in the years 2004-06, there was a shift to (ii). However, Norway, and now Sweden, has followed New Zealand in adopting (iii), and the United Kingdom has also considered this move. So this is a lively issue.

„Über diesen Titel“ kann sich auf eine andere Ausgabe dieses Titels beziehen.

Verlag
BiblioGov
Erscheinungsdatum
2012
Sprache
Englisch
ISBN 10 
1249557615
ISBN 13 
9781249557616
Einband
Tapa blanda
Anzahl der Seiten
28
Kontakt zum Hersteller
Nicht verfügbar
Verantwortliche Person
Nicht verfügbar

Weitere beliebte Ausgaben desselben Titels

9781297046933: The Interest Rate Conditioning Assumption - Scholar's Choice Edition

Vorgestellte Ausgabe

ISBN 10:  1297046935 ISBN 13:  9781297046933
Verlag: Scholar's Choice, 2015
Softcover