Picture 1 of 1
Picture 1 of 1
Money Stock Control and Inflation Targeting in Germany: A State Space Modelling
US $66.42
ApproximatelyAU $99.65
Condition:
3 available
Postage:
Located in: Fairfield, Ohio, United States
Delivery:
Estimated between Tue, 9 Jul and Fri, 19 Jul to 43230
Returns:
Payments:
Shop with confidence
Seller assumes all responsibility for this listing.
eBay item number:395154725371
Item specifics
- Condition
- ISBN-13
- 9783790813937
- Book Title
- Money Stock Control and Inflation Targeting in Germany
- ISBN
- 9783790813937
- Subject Area
- Business & Economics
- Publication Name
- Money Stock Control and Inflation Targeting in Germany : A State Space Modelling Approach to the Bundesbank's Operating Procedures and Intermediate Strategy
- Item Length
- 9.2 in
- Publisher
- Physica-Verlag
- Subject
- Finance / General, Economics / Macroeconomics, Money & Monetary Policy
- Publication Year
- 2001
- Series
- Contributions to Economics Ser.
- Type
- Textbook
- Format
- Trade Paperback
- Language
- English
- Item Width
- 6.1 in
- Item Weight
- 21.2 Oz
- Number of Pages
- Xii, 174 Pages
About this product
Product Information
1.1 Intermediate strategies for monetary policy The launch of a single European currency in January 1999 has been sparking a heated debate over what strategy the European Central Bank's policy should be based on so as to distribute and maintain monetary stability in Europe. In order to pass the Bundesbank's reputation as a tough inflation fighter on to the European Central Bank there have been strong efforts to make the ECB a close copy of the Bundesbank. It might be surmised that there will be a lot of similarities in its intermediate strategies. Among other indicators, the ECB's policy will be based on the growth rate of a broad monetary aggregate consistent with its definition of price stability. As a key instrument in the new central bank's instruments, REPO operations will constitute the main refinancing source of private banks and, in addition, minimum reserve requirements have been introduced to facilitate the authority's command over the banking sector's liquidity by means of stabilising the demand for central bank money. After having introduced monetary targeting in the 1970s, in the 1980s, the Bank of England and the Fed soon abandoned it again, because of distor tions from financial innovations and currency substitution. But the Bundes bank strongly defended its intermediate strategy of monetary targeting and advocated its implementation in the European System of Central Banks.
Product Identifiers
Publisher
Physica-Verlag
ISBN-10
3790813931
ISBN-13
9783790813937
eBay Product ID (ePID)
1908170
Product Key Features
Publication Name
Money Stock Control and Inflation Targeting in Germany : A State Space Modelling Approach to the Bundesbank's Operating Procedures and Intermediate Strategy
Format
Trade Paperback
Language
English
Subject
Finance / General, Economics / Macroeconomics, Money & Monetary Policy
Publication Year
2001
Series
Contributions to Economics Ser.
Type
Textbook
Subject Area
Business & Economics
Number of Pages
Xii, 174 Pages
Dimensions
Item Length
9.2 in
Item Width
6.1 in
Item Weight
21.2 Oz
Additional Product Features
LCCN
2001-021289
Intended Audience
Scholarly & Professional
Number of Volumes
1 Vol.
Lc Classification Number
Hg1-9999
Table of Content
1. Introduction.- 1.1 Intermediate strategies for monetary policy.- 1.2 The role of the Bundesbank.- 1.3 The methodological framework.- 2. Measuring monetary policy: Operating procedures and intermediate strategies.- 2.1 The conduct of monetary policy in Germany.- 2.2 Operating procedures and money supply.- 2.3 A note on the identifiability of money demand.- 2.4 A note on the identifiability of autonomous monetary policy actions.- 2.5 Evidence from recent empirical analyses of German monetary policy.- 3. Theoretical framework.- 3.1 Basic considerations.- 3.2 Interest rate operating procedure (from 1985 on).- 3.3 An alternative approach: reserves targeting.- 3.4 Discount window borrowing procedure (1975-1984).- 3.5 Concluding remarks.- 4. Analysis of time series using linear state space models.- 4.1 Basic concepts.- 4.2 The linear state space model.- 4.3 Specific properties of the linear model.- 4.4 Signal extraction using the Kalman filter.- 4.5 Structural analysis.- 4.6 Model selection and estimation.- 4.7 Modelling nonstationary time series and common stochastic trends.- 5. Empirical implementation and results.- 5.1 Is a multiplier approach adequate to model German money supply?.- 5.2 Monetary targeting and the business cycle.- 5.3 A quantity theory based approach to inflation targeting.- 6. Conclusions.- 6.1 Methodological remarks.- 6.2 Money stock control and the day--to--day conduct of monetary policy.- 6.3 Money stock control and inflation targeting in Germany.- 6.4 Prospects for the ECB's monetary policy strategy.- List of figures.- List of tables.- A. GAUSS--programs.- A.1 Estimation of balanced state space model.- A.2 Obtaining in--sample forecasts using the Kalman filter.- A.3 Calculation of impulse--responses.- A.4 Calculation of forecast--errorvariance decompositions.- A.6 Aoki C-Test for model specification.
Copyright Date
2001
Dewey Decimal
332.4/943
Dewey Edition
21
Illustrated
Yes
Item description from the seller
Seller assumes all responsibility for this listing.
eBay item number:395154725371
Postage and handling
Item location:
Fairfield, Ohio, United States
Posts to:
Afghanistan, Albania, Algeria, Andorra, Angola, Anguilla, Antigua and Barbuda, Argentina, Armenia, Aruba, Australia, Austria, Azerbaijan Republic, Bahamas, Bahrain, Bangladesh, Belgium, Belize, Benin, Bermuda, Bhutan, Bolivia, Bosnia and Herzegovina, Botswana, Brazil, British Virgin Islands, Brunei Darussalam, Bulgaria, Burkina Faso, Burundi, Cambodia, Cameroon, Canada, Cape Verde Islands, Cayman Islands, Central African Republic, Chad, Chile, China, Colombia, Comoros, Cook Islands, Costa Rica, Cyprus, Czech Republic, Côte d'Ivoire (Ivory Coast), Democratic Republic of the Congo, Denmark, Djibouti, Dominica, Dominican Republic, Ecuador, Egypt, El Salvador, Equatorial Guinea, Eritrea, Estonia, Ethiopia, Falkland Islands (Islas Malvinas), Fiji, Finland, France, Gabon Republic, Gambia, Georgia, Germany, Ghana, Gibraltar, Greece, Greenland, Grenada, Guatemala, Guernsey, Guinea, Guinea-Bissau, Guyana, Haiti, Honduras, Hong Kong, Hungary, Iceland, India, Indonesia, Iraq, Ireland, Israel, Italy, Jamaica, Japan, Jersey, Jordan, Kazakhstan, Kenya, Kiribati, Kuwait, Kyrgyzstan, Laos, Latvia, Lebanon, Lesotho, Liberia, Liechtenstein, Lithuania, Luxembourg, Macau, Macedonia, Madagascar, Malawi, Malaysia, Maldives, Mali, Malta, Mauritania, Mauritius, Mayotte, Mexico, Moldova, Monaco, Mongolia, Montenegro, Montserrat, Morocco, Mozambique, Namibia, Nauru, Nepal, Netherlands, Netherlands Antilles, New Zealand, Nicaragua, Niger, Nigeria, Niue, Norway, Oman, Pakistan, Paraguay, Peru, Philippines, Poland, Portugal, Qatar, Republic of Croatia, Republic of the Congo, Romania, Rwanda, Saint Helena, Saint Kitts-Nevis, Saint Lucia, Saint Pierre and Miquelon, Saint Vincent and the Grenadines, San Marino, Saudi Arabia, Senegal, Serbia, Seychelles, Sierra Leone, Singapore, Slovakia, Slovenia, Solomon Islands, Somalia, South Africa, South Korea, Spain, Sri Lanka, Suriname, Svalbard and Jan Mayen, Swaziland, Sweden, Switzerland, Taiwan, Tajikistan, Tanzania, Thailand, Togo, Tonga, Trinidad and Tobago, Tunisia, Turkey, Turkmenistan, Turks and Caicos Islands, Tuvalu, Uganda, United Arab Emirates, United Kingdom, Uruguay, Uzbekistan, Vanuatu, Vatican City State, Vietnam, Wallis and Futuna, Western Sahara, Worldwide, Yemen, Zambia, Zimbabwe
Excludes:
APO/FPO, Alaska/Hawaii, Barbados, Belarus, French Guiana, French Polynesia, Guadeloupe, Libya, Martinique, New Caledonia, Panama, Papua New Guinea, Reunion, Russian Federation, US Protectorates, Ukraine, Venezuela, Western Samoa
| Postage and handling | Each additional item | To | Service | Delivery*See delivery notes |
|---|---|---|---|---|
| Free postage | Free | United States | Economy Shipping | Estimated between Tue, 9 Jul and Fri, 19 Jul to 43230 |
| Handling time |
|---|
| Will usually post within 10 business days of receiving cleared payment. |
| Taxes |
|---|
| Taxes may be applicable at checkout. Learn moreLearn more about paying tax on eBay purchases. |
Sales tax for an item #395154725371
Sales tax for an item #395154725371
Seller collects sales tax for items posted to the following states:
| State | Sales tax rate |
|---|
Return policy
| Item must be returned within | Refund will be given as |
|---|---|
| 30 days after the buyer receives it | Money back |
The buyer is responsible for return postage costs.
You must return items in their original packaging and in the same condition as when you received them. If you don't follow our item condition policy for returnsitem condition policy for returns, you may not receive a full refund.
Refunds by law: In Australia, consumers have a legal right to obtain a refund from a business if the goods purchased are faulty, not fit for purpose or don't match the seller's description. More information at returnsreturns - opens in a new window or tab.
Payment details
Payment methods
Seller Feedback (1,025,477)
i***6 (139)- Feedback left by buyer.
Past 6 months
Verified purchase
Item as described, good price, well packaged, arrived slightly later than hoped (not in time for Christmas ) but the order was placed in a very busy shipping period. No issue with the seller’s speed of response and sending the item. Great seller!
l***a (3517)- Feedback left by buyer.
Past month
Verified purchase
Excellent seller. Timely shipping, safe packing, good communication, great price and as described. Thank you. A+++
o***b (144)- Feedback left by buyer.
Past month
Verified purchase
The seller is one of the best there is - high quality books, reasonable prices, securely packaged.
I do, however, recommend some changes to their shipping - they show a shipper (SortHub) on eBay, but the tracking # they email is for a different carrier. It’s difficult to know where my purchase is.
This time, it was delivered a week late. In the grand scheme of things not a big deal. But it shouldn’t be this difficult to accurately track my purchase.
Product ratings and reviews
More to explore:
- Non-Fiction Money Fiction & Non-Fiction Books,
- Money Non-Fiction Hardcover Books,
- Non-Fiction Paperback Fiction & Money Books,
- Non-Fiction Stocks Paperback Fiction & Books,
- Stocks Non-Fiction Hardcover Books,
- Non-Fiction Stocks Fiction & Non-Fiction Books,
- United States Maps & Atlases,
- Lost in Space Comics, Graphic Comic Books,
- Non-Fiction Space Exploration Fiction & Non-Fiction Books,
- Non-Fiction Model Railroads Fiction & Books