Share

The Federal Reserve System Purposes and Functions

2002 Banks and Banking
Download The Federal Reserve System Purposes and Functions PDF Online Free

Author :
Release : 2002
Genre : Banks and Banking
Kind : eBook
Book Rating : 967/5 ( reviews)

GET EBOOK


Book Synopsis The Federal Reserve System Purposes and Functions by : Board of Governors of the Federal Reserve System

Download or read book The Federal Reserve System Purposes and Functions written by Board of Governors of the Federal Reserve System. This book was released on 2002. Available in PDF, EPUB and Kindle. Book excerpt: Provides an in-depth overview of the Federal Reserve System, including information about monetary policy and the economy, the Federal Reserve in the international sphere, supervision and regulation, consumer and community affairs and services offered by Reserve Banks. Contains several appendixes, including a brief explanation of Federal Reserve regulations, a glossary of terms, and a list of additional publications.

Does the Stock Market Under-React to the Federal Reserve Bank's Monetary Policy Actions?

2019
Download Does the Stock Market Under-React to the Federal Reserve Bank's Monetary Policy Actions? PDF Online Free

Author :
Release : 2019
Genre :
Kind : eBook
Book Rating : /5 ( reviews)

GET EBOOK


Book Synopsis Does the Stock Market Under-React to the Federal Reserve Bank's Monetary Policy Actions? by : Levon Goukasian

Download or read book Does the Stock Market Under-React to the Federal Reserve Bank's Monetary Policy Actions? written by Levon Goukasian. This book was released on 2019. Available in PDF, EPUB and Kindle. Book excerpt: This paper analyzes the reaction of the stock market to the monetary policy actions of the Federal Reserve (the Fed). Specifically, we examine the reaction of the stock market to the monetary policy announcements by the Federal Open Market Committee (FOMC) of the Fed. We show that the full information conveyed by the Fed is not immediately incorporated in asset prices and that there is a statistically significant abnormal return to a broad market index on the day after the announcement by the FOMC of its monetary policy actions. We use data from the federal funds futures market to measure the expected and unexpected changes in the federal funds rate. We demonstrate that the market reacts to the unexpected changes in monetary policy of the FOMC. We detect positive and statistically significant abnormal market returns on the day after the FOMC makes its monetary policy announcements. We reject the hypothesis that these returns are unpredictable by finding predictable returns the day following the day of the FOMC announcement of its monetary policy actions.

Inflation Expectations

2009-12-16 Business & Economics
Download Inflation Expectations PDF Online Free

Author :
Release : 2009-12-16
Genre : Business & Economics
Kind : eBook
Book Rating : 778/5 ( reviews)

GET EBOOK


Book Synopsis Inflation Expectations by : Peter J. N. Sinclair

Download or read book Inflation Expectations written by Peter J. N. Sinclair. This book was released on 2009-12-16. Available in PDF, EPUB and Kindle. Book excerpt: Inflation is regarded by the many as a menace that damages business and can only make life worse for households. Keeping it low depends critically on ensuring that firms and workers expect it to be low. So expectations of inflation are a key influence on national economic welfare. This collection pulls together a galaxy of world experts (including Roy Batchelor, Richard Curtin and Staffan Linden) on inflation expectations to debate different aspects of the issues involved. The main focus of the volume is on likely inflation developments. A number of factors have led practitioners and academic observers of monetary policy to place increasing emphasis recently on inflation expectations. One is the spread of inflation targeting, invented in New Zealand over 15 years ago, but now encompassing many important economies including Brazil, Canada, Israel and Great Britain. Even more significantly, the European Central Bank, the Bank of Japan and the United States Federal Bank are the leading members of another group of monetary institutions all considering or implementing moves in the same direction. A second is the large reduction in actual inflation that has been observed in most countries over the past decade or so. These considerations underscore the critical – and largely underrecognized - importance of inflation expectations. They emphasize the importance of the issues, and the great need for a volume that offers a clear, systematic treatment of them. This book, under the steely editorship of Peter Sinclair, should prove very important for policy makers and monetary economists alike.

The Great Inflation

2013-06-28 Business & Economics
Download The Great Inflation PDF Online Free

Author :
Release : 2013-06-28
Genre : Business & Economics
Kind : eBook
Book Rating : 959/5 ( reviews)

GET EBOOK


Book Synopsis The Great Inflation by : Michael D. Bordo

Download or read book The Great Inflation written by Michael D. Bordo. This book was released on 2013-06-28. Available in PDF, EPUB and Kindle. Book excerpt: Controlling inflation is among the most important objectives of economic policy. By maintaining price stability, policy makers are able to reduce uncertainty, improve price-monitoring mechanisms, and facilitate more efficient planning and allocation of resources, thereby raising productivity. This volume focuses on understanding the causes of the Great Inflation of the 1970s and ’80s, which saw rising inflation in many nations, and which propelled interest rates across the developing world into the double digits. In the decades since, the immediate cause of the period’s rise in inflation has been the subject of considerable debate. Among the areas of contention are the role of monetary policy in driving inflation and the implications this had both for policy design and for evaluating the performance of those who set the policy. Here, contributors map monetary policy from the 1960s to the present, shedding light on the ways in which the lessons of the Great Inflation were absorbed and applied to today’s global and increasingly complex economic environment.

Asset Prices and Monetary Policy

2008-11-15 Business & Economics
Download Asset Prices and Monetary Policy PDF Online Free

Author :
Release : 2008-11-15
Genre : Business & Economics
Kind : eBook
Book Rating : 127/5 ( reviews)

GET EBOOK


Book Synopsis Asset Prices and Monetary Policy by : John Y. Campbell

Download or read book Asset Prices and Monetary Policy written by John Y. Campbell. This book was released on 2008-11-15. Available in PDF, EPUB and Kindle. Book excerpt: Economic growth, low inflation, and financial stability are among the most important goals of policy makers, and central banks such as the Federal Reserve are key institutions for achieving these goals. In Asset Prices and Monetary Policy, leading scholars and practitioners probe the interaction of central banks, asset markets, and the general economy to forge a new understanding of the challenges facing policy makers as they manage an increasingly complex economic system. The contributors examine how central bankers determine their policy prescriptions with reference to the fluctuating housing market, the balance of debt and credit, changing beliefs of investors, the level of commodity prices, and other factors. At a time when the public has never been more involved in stocks, retirement funds, and real estate investment, this insightful book will be useful to all those concerned with the current state of the economy.

You may also like...