Record Details

Modern central banking from monetary perspective

Ekonomia i Prawo. Economics and Law

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Authentication Code dc
 
Title Statement Modern central banking from monetary perspective
 
Added Entry - Uncontrolled Name Ryczkowski, Maciej; Nicolaus Copernicus University
 
Uncontrolled Index Term money; monetary aggregates; modern central banking
E42; E51; E52; E58
 
Summary, etc. <p>Motivation: Cashless or DSGE models did not allow to predict the Great Recession — which may suggest that they omit some important variables like money or credit, for instance.</p><p>Aim: The paper summarizes changing views on money’s importance in modern monetary policy and reviews pros and cons of assigning any special role to money by central banks.</p><p>Results: On the basis of literature review and the 2007–2009 crisis experiences, author apposes arguments for possible improvements in monetary policy frameworks. The paper is organized as follows: section 1 reviews some basic facts about monetary aggregates, section 2 presents the methodology of the research, section 3 discusses pros and cons of assigning special relevance to money in central banking, section 4 concludes.</p>
 
Publication, Distribution, Etc. Uniwersytet Mikołaja Kopernika w Toruniu
2016-12-31 00:00:00
 
Electronic Location and Access application/pdf
http://www.apcz.pl/czasopisma/index.php/EiP/article/view/EiP.2016.037
 
Data Source Entry Ekonomia i Prawo. Economics and Law; Vol 15, No 4 (2016)
 
Language Note en
 
Terms Governing Use and Reproduction Note Copyright (c) 2017 Ekonomia i Prawo. Economics and Law