Monetary Equilibrium and Nominal Income Targeting

ISBN-13: 9781138215023 / Angielski / Twarda / 2018 / 120 str.

Nicolaas Cachanosky

Opis

There is no book covering the topic of nominal income targeting as its main subject of study. This book fills this gap on a topic, which has been of increasing interest to academics and policy makers since 2008.  It not only explains the foundations of nominal income targeting, but also addresses its limits and ways to diagnose if it is being applied correctly. The application of a monetary rule does not only require that the right policy be chosen, but also that it be applied correctly. For the latter, a discussion of how to diagnose a mis-application is needed.

Spis treści

Introduction; Chapter 1: Free Banking and Monetary Equilibrium; Chapter 2: Nominal Income Targeting and the Productivity Norm; Chapter 3: Nominal Income Targeting and Monetary Rules; Chapter 4: Nominal Income Targeting and Monetary Disequilibrium; Chapter 5: Nominal Income Targeting as Market Outcome versus Policy Outcome; Chapter 6: The 2008 Financial Crisis; Chapter 7: Monetary Reforms Towards Nominal Income Targeting

O autorze

Nicolás Cachanosky is Assistant Professor of Economics at Metropolitan State University of Denver, USA. His main research is on monetary policy and appears in the Journal of Institutional Economics, the Quarterly Review of Economics and Finance, and in the Review of Financial Economics among others.