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Money Stock Control and Inflation Targeting in Germany: A State Space Modelling Approach to the Bundesbank's Operating Procedures and Intermediate Strategy (Contributions to Economics) [Paperback]

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Item description for Money Stock Control and Inflation Targeting in Germany: A State Space Modelling Approach to the Bundesbank's Operating Procedures and Intermediate Strategy (Contributions to Economics) by Claus Brand...

The book considers issues relevant to the European Central Bank in refining and communicating its strategy. It offers a historical assessment of the Bundesbank's strategy of monetary targeting conducted from 1974 to 1998. In contrast to several other prominent studies it is argued that money played a flexible but very important role in the conduct of its policy. It also explores the implications of the identified monetary policy regime in the context of various theories of the money supply process.
The empirical analysis conducted in this study is based on a linear state space modelling approach which offers an appealing and direct representation of common stochastic trends. The framework is less restrictive and it is encompassing in that it does not construe the persistent dynamics as being driven by pure random walk components.



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Item Specifications...


Pages   173
Est. Packaging Dimensions:   Length: 9.3" Width: 5.9" Height: 0.4"
Weight:   0.6 lbs.
Binding  Softcover
Release Date   Apr 27, 2001
Publisher   Physica-Verlag Heidelberg
ISBN  3790813931  
ISBN13  9783790813937  


Availability  85 units.
Availability accurate as of Mar 23, 2017 06:31.
Usually ships within one to two business days from La Vergne, TN.
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Product Categories

1Books > Special Features > New & Used Textbooks > Business & Finance > Economics > Macroeconomics
2Books > Subjects > Business & Investing > Economics > Econometrics
3Books > Subjects > Business & Investing > Economics > General
4Books > Subjects > Business & Investing > Economics > Macroeconomics
5Books > Subjects > Business & Investing > Economics > Money & Monetary Policy
6Books > Subjects > Business & Investing > Economics > Public Finance
7Books > Subjects > Business & Investing > Finance
8Books > Subjects > Business & Investing > General



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