Last edited by Zulkisida
Wednesday, July 8, 2020 | History

5 edition of Monetary uncertainty found in the catalog.

Monetary uncertainty

by Eduard Jan Bomhoff

  • 170 Want to read
  • 40 Currently reading

Published by North-Holland, sole distributors for the U.S.A., Elsevier Science Pub. Co. in Amsterdam, New York .
Written in English

    Subjects:
  • Money.,
  • Uncertainty.

  • Edition Notes

    StatementEduard J. Bomhoff.
    Classifications
    LC ClassificationsHG221 .B57483 1983
    The Physical Object
    Paginationxx, 273 p. :
    Number of Pages273
    ID Numbers
    Open LibraryOL3171847M
    ISBN 100444867341
    LC Control Number83014047

      This excellent new book from one of the brightest young economists, Giuseppe Fontana, involves a compendium of issues surrounding uncertainty, money and time. Fontana shines a post Keynesian light onto statements and claims made by well-known neo-classical authors and as such leaves readers with an interesting and informative book to be read a. Get this from a library! Optimal monetary policy under uncertainty. [Richard T Froyen; Alfred V Guender] -- "Economists in academia and in policymaking organizations who want to learn about recent developments in the area of optimal monetary policy, as well as .

    monetary uncertainty, and they conclude that due to tightening during inflation, and loosening during recessionary period, it is important to include monetary uncertainty so as to establish a stable money demand function. This becomes especially important given the recent innovation in the financial. Monetary policy is policy adopted by the monetary authority of a nation to control either the interest rate payable for very short-term borrowing (borrowing by banks from each other to meet their short-term needs) or the money supply, often as an attempt to reduce inflation or the interest rate to ensure price stability and general trust of the value and stability of the nation's currency.

    Modern Monetary Theory or Modern Money Theory (MMT) is a heterodox macroeconomic theory that describes currency as a public monopoly and unemployment as evidence that a currency monopolist is overly restricting the supply of the financial assets needed to pay taxes and satisfy savings desires.. MMT is an alternative to mainstream macroeconomic has been criticized by well known.   Adding monetary policy rate uncertainty variables can significantly improve forecasting models for equity variance and volatility at weekly, monthly and even quarterly horizons. The findings imply that market views of short-term interest rate developments may indeed be embedded in equity prices and their variations.


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Monetary uncertainty by Eduard Jan Bomhoff Download PDF EPUB FB2

Book Description A Course in Monetary Economics is an insightful introduction to advanced topics in the field. Accessible to readers who have mastered the diagrammatic tools of economics, it discusses real issues with a variety of modeling alternatives, allowing for a direct comparison of the implications of the different by: Optimal Monetary Policy under Uncertainty, Second Edition 2nd edition Richard T.

Froyen, Professor Emeritus, Department of Economics, University of North Carolina at Chapel Hill, US and Alfred V. Guender, Associate Professor, Department of Economics and Finance, University of.

April Monetary Policy Uncertainty and Monetary Policy Surprises. Michiel De Pooter, Giovanni Favara, Michele Modugno, and Jason Wu. Abstract: Monetary policy uncertainty affects the transmission of monetary policy shocks to longer-term nominal and real : Michiel De Pooter, Giovanni Favara, Michele Modugno, Jason J.

Genre/Form: Aufsatzsammlung: Additional Physical Format: Online version: Bomhoff, Eduard Jan, Monetary uncertainty. Amsterdam ; New York: North-Holland: sole. Oliver Sauter analyzes three aspects Monetary uncertainty book monetary policy under uncertainty. First he shows that the terms risk and uncertainty are often wrongly used as synonyms despite their different meanings.

Monetary uncertainty book The second aspect is the proper examination and incorporation of uncertainty into a monetary policy framework. The residual from this regression, η t, is the monetary policy uncertainty surprise. 13 This instrument has the interpretation as the amount of volatility due to monetary policy announcements on FOMC meeting days that is unexplained by the change in monetary policy itself.

Our approach thus provides instruments using high-frequency data, with. ✏Money Information and Uncertainty Book Summary: A study of the role of money and the nature of markets in the modern, rapidly changing banking community. The text examines interest rates and financial regulations, the history and objectives of monetary policies and the effects of monetary changes on employment and inflation.

We use the recently created monthly Interest Rate Uncertainty measure, to investigate monetary policy uncertainty across the US, Germany, France, Italy, Spain, UK, Japan, Canada, and Sweden in both the time and frequency domains.

We find that the largest spillover indices are from innovations in the country itself; however, there are some instances where spillover indices between.

We develop a new method to measure economic policy uncertainty and test its dynamic relationship with output, investment, and employment. We find that, sinceeconomic policy uncertainty in the United States has been at a level approximately two times its long run average.

We extend our approach to other countries, finding elevated levels of economic policy uncertainty abroad, as well. Axiom Business Book Awards: Silver Medal, Economics Fivebooks: Best Economics Books of Publisher's Weekly: Book of the Week. CBS Moneywatch: The United States of Insecurity.

TIME Money: These 3 Charts Show Why Middle Class Workers Are Struggling to Get Ahead Today. Baltimore Sun: Despite high fees, check cashers seen as part of community, customers say.

Table 1 reports the estimates of the response of nominal and real yields to a monetary policy surprise, when the one-year ahead measure of monetary policy uncertainty is low, medium, or high--that is $${Uncertainty\ }_{d-1}$$ is equal to the value corresponding to the 25th percentile (81 basis points), median ( basis points) and 75th.

Significantly rewritten and updated, this well known textbook covers the whole of monetary economics, from the role of money to international monetary relationships.

It is unique in linking theoretical findings to policy issues and events, and extends conventional analyses of financial intermediation and monetary theory.5/5(1).

This article describes how the presence of uncertainty limits the effectiveness of monetary policy and, as a result, its implementation. The article is organized as follows. Section 2 reviews the recent contributions to the literature so as to identify the influence of uncertainty on monetary policy.

Section 3 analyzes how uncertainty affects policymaking, particularly in emerging economies. Incerto is a series of books philosopher and probability scholar Nassim Nicholas Taleb wrote that tackles the very issue of how to engage with an uncertain world.

The first book, Fooled by Randomness, is about how we perceive (or fail to perceive) the role of chance and luck in our lives.

"This book on the relevance of Keynes's insights into the complex workings of finance and monetary policy, when uncertainty is taken seriously, is timely and very well done. The global financial crisis revealed the inadequacy of the mainstream 'New. "This book on the relevance of Keynes's insights into the complex workings of finance and monetary policy, when uncertainty is taken seriously, is timely and very well done.

The global financial crisis revealed the inadequacy of the mainstream 'New Consensus Macroeconomic' theoretical by: The book contains Paul Davidson's major contributions to the economics and policy debates of our times. The relationship between uncertainty, economic theory, international financial markets and globa Uncertainty, International Money, Employment and Theory.

This book provides a reassessment of Keynes’ theory of liquidity preference. It argues that the failure of the Keynesian revolution to be made in either theory or practice owes importantly to the fact that the role of liquidity preference theory as a pivotal element in Keynes’ General Theory has remained underexplored and indeed widely misunderstood even among Keynes’ followers and until.

Husted, Rogers, and Sun construct a monthly index of Monetary Policy Uncertainty (MPU) by searching for keywords related to monetary policy uncertainty in the New York Times, Wall Street Journal and Washington Post. Risk, Uncertainty, and Profit. Boston: Houghton Mifflin Co.

Levin, Andrew, Volker Wieland, and John Williams. “The Performance of Forecast-Based Monetary Policy Rules under Model Uncertainty.” American Economic Review 93(3), pp.

McCallum, Bennett. “Robustness Properties of a Rule for Monetary Policy.”. Recently there has been a resurgence of interest in the study of optimal monetary policy under uncertainty. This book provides a thorough survey of the literature that has resulted from this renewed interest.

The authors ground recent contributions on the ‘science of monetary policy’ in the literature of the s, which viewed optimal. 1. Introduction. Is monetary policy less influential when uncertainty is high? Theory highlighting the partial irreversibility of investments, as developed by Bloom,Dixit and Pindyck, and Bernanke (), suggests that it might hypothesis is that elevated uncertainty motivates agents to postpone decisions, awaiting more precise information or more pressing needs.

Monetary Policy in an Uncertain World book. Read reviews from world’s largest community for readers. This book brings together leading scholars and forme 4/5(1).