The interaction of monetary policy and wage bargaining in the European Monetary Union

lessons from the endogenous money approach

Sebastian Dullien gives a novel explanation for unemployment and inflation in the Euro-Zone. He argues that unemployment stems from a lack of cooperation between unions and monetary authorities: In an economy with endogenous money as EMU, wage setters are responsible for price stability while the ...

Institutional conflicts and complementarities

This important collection presents an authoritative selection of papers on "Institutional Conflicts and Complementarities" This publication is intent on building bridges between economics and the other social sciences. The focus is on the interaction between monetary policy and wage bargaining institutions in European Monetary Union ...

The price of the Euro

This volume presents a critical examination of the EMU from different perspectives. It includes essays on the political economy of currency unions, on the Growth and Stability pact, the European Central Bank, an evaluation of the first four years of the EMU, and the costs ...

Explaining and forecasting the US federal funds rate

a monetary policy model for the US

This book has been written as a practical guide for finance markets professionals to explain US monetary policy and to make forecasts of future interest rate levels. Aimed at market players, familiar with US policy instruments, Explaining and Forecasting the US Federal Funds Rate will ...

The strategy and consistency of Federal Reserve monetary policy, 1924- 1933

Today, most scholars agree that mismanaged monetary policy contributed to the length and severity of the Great Depression. There is little agreement, however, about the causes of the Federal Reserve's mistakes. Some argue that leadership and other organizational changes prior to the depression caused ...

Money and the early greek mind

homer, philosophy, tragedy

How were the Greeks of the sixth century BC able to invent philosophy and tragedy? In this book Richard Seaford argues that a large part of the answer can be found in another momentous development, the invention and rapid spread of coinage which produced the ...

Central banking in the modern world

alternative perspectives

Monetarism is dead! Central bankers are all Wicksellians now! They target low inflation rates, with no regard to monetary aggregates whatsoever, by acting upon short-term real rates of interest. This is the New Consensus in monetary economics, or simply the New Keynesian Synthesis. Yet, this ...

Econometric modelling of European money demand

aggregation, cointegration, identification

The introduction of a single European currency constitutes a remarkable instance of internationalization of monetary policy. Whether a concomitant internationalization can be detected also in the econometric foundations of monetary policy is the problem dealt with in this book. Its basic theoretical ingredients comprise a ...

Central banking systems compared

The ECB, the pre-euro Bundesbank, and the Federal Reserve System

Appointing central bankers

the politics of monetary policy in the United States and the European Union

Focusing on how the President and the Senate influence monetary policy by appointing Federal Reserve Board members, this book answers three questions about the appointment process and its effects. First, do politicians influence monetary policy via Federal Reserve appointments? Second, who influences the process--only the ...

Money markets and politics

a study of european financial integration and monetary policy options

The dramatic evolution of financial markets in the 1980s and 1990s, accompanied by increasing institutional integration between nations (most notably in the EU), have fostered a widespread belief that governments - particularly those of small economies - have essentially lost the power to pursue sovereign, independent economic ...

Money, banking and financial markets

This text strives to bring money and banking up-to-date by providing complete, integrated coverage of topics that are important to the twenty-first century world of money and banking. While covering the basics in the authors' hallmark, student-oriented manner, this book also uniquely integrates coverage of ...

La Banca Centrale Europea

La Banca Centrale Europea è ormai operativa da alcuni anni e intorno ad essa, alla sua struttura istituzionale, alle sue funzioni, agli strumenti di politica monetaria è andato sviluppandosi un articolato dibattito, che ha coinvolto sia giuristi sia economisti. Si tratta di una discussione a ...

Currency crises

a theoretical and empirical perspective

This volume asserts that models concerning the outbreak and the propagation of currency crises share many similarities and may therefore be studied together. Theoretical developments in the currency crises literature lead to three distinct types of models. The authors focus on these first, second and ...

Money and banking

A survey of the role played by money and banking in the global economy. The book is an introduction for new bankers or students of banking, and a refresher for more experienced bankers preparing for coursework. Coverage ranges from interest rates to bank regulation, monetary ...

La Banca Centrale Europea

gli aspetti istituzionali della banca centrale della Comunità Europea

United States Department of the Treasury

current issues and background

Marchés, banques et politique monétaire en Europe

La 1re partie analyse l'interaction des intermédiaires financiers et des marchés, de la monnaie et de la finance, dans le cadre de l'intégration financière européenne. La 2e partie étudie la politique monétaire, sur la base de la doctrine de la BCE et de ...

How do central banks write?

an evaluation of inflation reports by inflation targeting central banks

Monetary orders

ambiguous economics, ubiquitous politics