Global Financial Crisis and the New Monetary Consensus

Informationen zum Autor Marc Pilkington is Associate Professor of Economics at the University of Burgundy, France. Zusammenfassung In the wake of the global financial crisis, this volume traces the evolution of modern central banking over the last fifty years, and argues that the financial crisis has shaken the New Monetary Consensus. Inhaltsverzeichnis 1. The Global Financial Crisis: an unprecedented configuration for monetary policy 2. Introduction: monetary policy prior to the NMC 3. A Simple Macroeconomic Model of the NMC 4. Transparency: an essential feature of the NMC 5. Credibility in the NMC 6. Price Stability and the Influence of Wicksell on the NMC 7. The interest-rate setting policy: the Taylor rule and beyond 8. Inflation targeting and the formation of a broad consensus 9. The statutory messions of the Fed and the ECB and the issue of the US Dollar 10. Exchange rate movements and global derivatives markets 11. The zero bound on nominal interest rates and deflationary fears 12. Austerity measurees versus growth: a post-crisis conundrum? 13. Quantitative easing: sound policy-making or an admission of defeat? 14. Revisiting the theory of optimum currency areas 15. Lessons from the Euro sovereign debt crisis 16. Post-crisis methodological considerations in central banking theory

Product details

• Authors: Marc Pilkington, Marc (University of Nice-Sophia Antipo Pilkington, Marc (University of Nice-Sophia Antipolis Pilkington, Pilkington Marc
• Publisher: Taylor & Francis Ltd.
• Languages: English
• Product format: Hardback
• Released: 29.08.2013
• EAN: 9780415524056
• ISBN: 978-0-415-52405-6
• No. of pages: 270
• Series: Routledge International Studies in Money and Banking; Routledge International Studies in Money and Banking
• Subjects: Social sciences, law, business > Business > General, dictionaries; BUSINESS & ECONOMICS / Economic History, BUSINESS & ECONOMICS / Banks & Banking, Banking, 21st Century, Economic history, 21st century, c 2000 to c 2100, Later 20th century c 1950 to c 1999, c 1945 to c 2000 (Post-war period)