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Titlebook: Learning from the World’s Best Central Bankers; Principles and Polic George M. Furstenberg,Michael K. Ulan Book 1998 Springer Science+Busin

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書目名稱Learning from the World’s Best Central Bankers
副標(biāo)題Principles and Polic
編輯George M. Furstenberg,Michael K. Ulan
視頻videohttp://file.papertrans.cn/583/582957/582957.mp4
圖書封面Titlebook: Learning from the World’s Best Central Bankers; Principles and Polic George M. Furstenberg,Michael K. Ulan Book 1998 Springer Science+Busin
描述BURTON G. MALKIEL Chemical Bank Chairman‘s Professor of Economics Princeton University Central bankers have often believed that they are the Rodney Dangerfields of public officials-they seldom receive respect from the public or from elected officials. Particularly in the days of high infla- tion and substantial unemployment, they were held responsible for everything that ailed the world‘s economies. And monetarists often suggested that nations would be far better off if central bankers were replaced by robots who would do nothing more than ensure that the money supply was increased at a fixed percent each year. Our views have changed considerably over the past two decades. The main reason is that, thanks in substantial part to the efforts of central bankers, inflation has generally been contained. With the re- duction in inflation and the recent relative stability of price levels in most developed nations, risk premiums have tended to decline sharply. Moreover, unemployment rates, at least in the Western Hemisphere, have decreased substantially. Finally, even many economists who con- sider themselves monetarists now tend to be less certain of the stabil- ity of the link between the
出版日期Book 1998
關(guān)鍵詞bank; central bank; Inflation; monetary policy; money; Switzerland; unemployment
版次1
doihttps://doi.org/10.1007/978-1-4615-4959-8
isbn_softcover978-0-7923-8304-8
isbn_ebook978-1-4615-4959-8
copyrightSpringer Science+Business Media New York 1998
The information of publication is updating

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Fortune, Merit, and Distinction: Alan Greenspantion put in place by his predecessor, Paul Volcker. But the stock market crash of October 1987 provided an immediate reminder that a central banker’s responsibilities encompass not only achieving and maintaining stable prices. They also extend to safeguarding the smooth operation of the payments sys
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Schlesinger’s Steady Honing of Germany’s Anti-Inflation Resolveersuaded otherwise, most of them regarded even the European Monetary Union as such an experiment. While the German preoccupation with price-level stability has not always sat well with its neighbors, it has produced profound and internationally open and effective thinking on why and how inflation is
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Puncturing Asset-Price Bubbles in Japan: Governor Mieno He saw price stability not as an end in itself but rather as a means of achieving stable, sustainable economic growth. Unlike the other central bankers profiled in this volume, however, keeping inflation in check was not Governor Mieno’s major challenge during his term of office. Mieno’s main task,
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nding unregarded masterpieces of world literature’.. If anything, the problem is the opposite, for many modern critics too readily dismiss the plays before ., or at least before ., as boring and unworthy. No doubt a performance today, outside Norway, of any of the works written before 1860 could sca
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George M. von Furstenberg,Michael K. Ulan depravity and of Ibsenism as a dangerous social addiction began to circulate in Dublin three years before the public had a chance to see one of his plays. Dublin’s status as a cultural satellite of England meant that plays that excited London reached Dublin sometimes after a time lag. This, however
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