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Banca centrale e innovazione finanziaria. Una rassegna della letteratura recente

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  • Jan Marc Berk

    (De Nederlandsche Bank, Monetary and Economic Policy Department, Amsterdam (Paesi Bassi))

Abstract

I review the literature regarding the impact of financial innovation on the monetary transmission mechanism and on the way the central bank can achieve its ultimate goal, that is to control the price level. We argue that, although the form of central bank instruments and current methods for implementing monetary policy may change, the goals that the policy makers try to achieve by employing these instruments remain valid, and achievable.

Suggested Citation

  • Jan Marc Berk, 2002. "Banca centrale e innovazione finanziaria. Una rassegna della letteratura recente," Moneta e Credito, Economia civile, vol. 55(220), pages 345-385.
    • Handle: RePEc:psl:moneta:2002:42
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    More about this item

    Keywords

    Central Banking; Monetary Policy; Monetary; Policy; Price Level; Prices;
    All these keywords.

    JEL classification:

    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation

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