Author : Laurence M. Ball
Release : 2010
Genre : Economics
Kind : eBook
Book Rating : /5 ( reviews)

GET EBOOK

Book Synopsis The performance of alternative monetary regimes by : Laurence M. Ball

Download or read book The performance of alternative monetary regimes written by Laurence M. Ball. This book was released on 2010. Available in PDF, EPUB and Kindle. Book excerpt: This paper compares the performance of economies with different monetary regimes during the last quarter century. The conclusions include: (1) There is little evidence that inflation targeting affects performance in advanced economies, but some evidence of benefits in emerging economies; (2) Europe's monetary union has increased intra-European trade and capital flows, but divergence in national price levels may destabilize output in the future; (3) The "monetary analysis" of the European Central Bank has little effect on the ECB's policy decisions; and (4) Countries with hard currency pegs experience unusually severe recessions when capital flight occurs.