Deflationsrisiken und die Kommunikationspolitik der Federal Reserve
In: List Forum Band 31
AbstractThis paper draws lessons from the fight of the Federal Reserve against deflationary risks in the years 2003-2004. After a short overview on the principles of U.S. monetary policy and the lessons the FED learned from the deflationary 'lost decade' in Japan since the mid-90s, the problems of the FED in preventing deflation are described. To name are here particularly the difficulties of the FED in communicating with the bond markets. The paper concludes that the anti-deflation campaign of the FED has been extraordinarily sucessful, but the communication problems could have been largely avoided if an explicit monetary policy strategy had existed. In this context the introduction of an targeting monetary policy regime is highy recommended.(Original text only available in german language)
Download InfoTo our knowledge, this item is not available for download. To find whether it is available, there are three options:
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
This chapter was published in:
This item is provided by List Gesellschaft e.V. in its series List Forum Chapter with number 31-18.
Contact details of provider:
Postal: Westfälische Wilhelms-Universität, Am Stadtgraben 9, D - 48143 Münster
Phone: + 49 (0) 2 51 - 83 2 29 04
Fax: + 49 (0) 2 51 - 83 2 83 95
Web page: http://www.list-gesellschaft.de
More information through EDIRC
You can help add them by filling out this form.
reading list or among the top items on IDEAS.Access and download statisticsgeneral information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Lukas Wnuk Lipinski) The email address of this maintainer does not seem to be valid anymore. Please ask Lukas Wnuk Lipinski to update the entry or send us the correct address.
If references are entirely missing, you can add them using this form.