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Monetary Policy Strategy: How Did We Get here ?

Author

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  • Frederic S. Mishkin

Abstract

Ovaj rad, koji predstavlja uvodno poglavlje u mojoj predstojećoj knjizi Strategija monetarne politike (Monetary Policy Strategy) MIT Pressa, sumira kako se razvijala akademska misao i misao centralnih banaka o strategiji monetarne politike. Pokazuje da su šest ideja koje sada prihvataju monetarni organi i vlade u skoro svim zemljama sveta dovele do unapređenog monetarnog poslovanja: 1) nema dugoročnog "trade-off"-a između outputa (zaposlenosti) i inflacije; 2) očekivanja su od osnovne važnosti za ishode monetarne politike 3) inflacija ima visoke troškove; 4) monetarna politika podleže problemu vremenske nedoslednosti; 5) nezavisnost centralnih banaka pomaže u unapređenju efikasnosti monetarne politike i 6) snažno nominalno sidro je ključni faktor za stvaranje dobrih ishoda monetarne politike. Ključne reči: Monetarna politika, Nezaposlenost, Inflacija, Targetiranje.JEL: E52, E58.

Suggested Citation

  • Frederic S. Mishkin, 2006. "Monetary Policy Strategy: How Did We Get here ?," Panoeconomicus, Savez ekonomista Vojvodine, Novi Sad, Serbia, vol. 53(4), pages 359-388.
    • Handle: RePEc:voj:journl:v:53:y:2006:i:4:p:359-388:id:321
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    More about this item

    Keywords

    Monetarna poltika; Nezaposlenost; Inflacija; Targetiranje;
    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

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