The Concrete Euro - Implementing Monetary Policy in the Euro Area

Zusatztext These four papers by six ECB economists provide the most systematic and detailed look at how the European Central Bank has implemented its monetary policy, both during the all-too-short "normal" times of the Bank's initial years and then during the 2008-10 crisis period. The analysis is clear and elegant, and the empirical work provides useful insights as well. Anyone seriously interested in how monetary policy is actually carried out - either by the ECB or by other central banks - will want to read these papers. Informationen zum Autor Paul Mercier is Adviser to the Board of the Banque Centrale du Luxembourg and Visiting Professor at the University of Szeged, Hungary. Before joining the BCL in September 2012, he was Principal Adviser in the Directorate General Market Operations at the European Central Bank after having served as Deputy Director General for 11 years. He also worked for the National Bank of Belgium (1980 -1985 and 1989 -1994), the European Commission (1985 -1988), and the European Monetary Institute (1994-1998) where he was chairman of the taskforce that delivered the specification of the monetary policy implementation framework adopted by the ECB in 1999. For thirteen years (1982 - 1995), he was a Professor of Economics at the Faculty of Law of the University Saint Louis in Brussels (1982-1995).Francesco Papadia is Director General for Market Operations of the European Central Bank. He previously held a position at the Banca d'Italia and acted as an economic advisor to the EU Commission. Written by leading officials at the European Central Bank, this volume examines the theoretical and historical underpinnings of the euro areas's framework for monetary policy implementation. Zusammenfassung Written by leading officials at the European Central Bank, this volume examines the theoretical and historical underpinnings of the euro area's framework for monetary policy implementation. Inhaltsverzeichnis Introduction 1: U. Bindseil: Theory of Monetary Policy Implementation 2: M. Galvenius and P. Mercier: The Story of the Eurosystem Framework 3: F. Papadia and T. Välimäki: The Functioning of the Eurosystem framework since 1999 4: U. Bindseil, P. Mercier, F. Papadia and F. Würtz: Challenges for the Next Decade of Monetary Policy Implementation ...

Produktdetails

• Autoren: Paul Mercier, Paul/ Papadia Mercier, Francesco Papadia
• Mitarbeit: Paul Mercier (Herausgeber), Paul (Adviser to the Board of the Banque Centrale du Luxembourg) Mercier (Herausgeber), Mercier Paul (Herausgeber), Francesco Papadia (Herausgeber), Francesco (Director General Papadia (Herausgeber), Papadia Francesco (Herausgeber)
• Verlag: Oxford University Press
• Sprache: Englisch
• Produktform: Fester Einband
• Erschienen: 15.01.2011
• EAN: 9780199557523
• ISBN: 978-0-19-955752-3
• Seiten: 384
• Themen: Sozialwissenschaften, Recht,Wirtschaft > Wirtschaft > Volkswirtschaft; Finance, BUSINESS & ECONOMICS / Money & Monetary Policy, BUSINESS & ECONOMICS / International / General, BUSINESS & ECONOMICS / Economics / Theory, BUSINESS & ECONOMICS / Finance / General, Economic theory & philosophy, International Economics, Monetary Economics, International Finance, Economic theory and philosophy, Finance and the finance industry