rdf-syntax-grammar
mods:
  schema location: http://www.loc.gov/mods/v3 http://www.loc.gov/standards/mods/v3/mods-3-2.xsd
  title info:
    title: Inflation Targeting and Financial Stability
    sub title: Monetary Policy Challenges for the Future
  name:
    name part: Heise, Michael.
    role:
      role term: creator
    role:
      role term: author.
    role:
      role term: aut
    role:
      role term: http://id.loc.gov/vocabulary/relators/aut
  name:
    name part: SpringerLink (Online service)
  type of resource: text
  origin info:
    place:
      place term: gw
    date issued: 2019
    edition: 1st ed. 2019.
    issuance: monographic
  language:
    language term: eng
  physical description:
    form: electronic
    form: electronic resource
    reformatting quality: access
    form: remote
    extent: XIV, 111 p. 33 illus. in color. online resource.
  abstract: Since the financial crisis of 2008/09, the world's major central banks have been struggling to return their economies to higher growth and to reach their inflation targets. This concise book analyzes the importance of central bank policies for the economy, and specifically investigates the reasons why they have failed to steer inflation as desired. The author, the Chief Economist at Allianz SE, argues that, in an environment of great uncertainty concerning the pass-through of monetary stimulus to the economy, central banks should not focus too narrowly on inflation targets, but should increasingly take the side effects of their actions into account. In particular, he contends that they must seek to minimize the risk of financial booms and busts in order to maximize long-term growth and prosperity. Building on existing research and contributing to the current debate, the book offers a valuable reference guide and food for thought for policymakers, professionals and students alike.
  table of contents: 1 Introduction -- 2 Some Reflections on the Secular Decline of Interest Rates -- 3 Uncertainties About the Monetary Transmission Mechanism -- 4 Side Effects of Monetary Accomodation -- 5 Towards a Monetary Policy Fit for the Future -- 6 Conclusion.
  note: by Michael Heise.
  subject:
    topic: Macroeconomics
  subject:
    topic: Capital market
  subject:
    topic: European Economic Community literature
  subject:
    topic: Macroeconomics/Monetary Economics//Financial Economics
  subject:
    topic: Capital Markets
  subject:
    topic: European Integration
  classification: HB172.5
  classification: 339
  related item:
    title info:
      title: Springer eBooks
  identifier: 9783030050788
  identifier: https://doi.org/10.1007/978-3-030-05078-8
  record info:
    record creation date: 190226
    record change date: 20191024072251.0
    record identifier: 978-3-030-05078-8