Overview
- Gives an overview of the main elements of the current monetary policy debate
- Relevant for practitioners (policymakers, investment professionals) and academics
- Offers a systematic deduction of monetary policy recommendations
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Table of contents (6 chapters)
Keywords
About this book
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.
Reviews
“This well written, accessible book focuses on the eurozone, the disappearance of inflation is a phenomenon that has gone global. … Heise’s arguments, well expressed and easy to follow, are not merely theoretical musings.” (Claire Jones, Financial Times, ft.com, June 03, 2019)
Authors and Affiliations
About the author
Bibliographic Information
Book Title: Inflation Targeting and Financial Stability
Book Subtitle: Monetary Policy Challenges for the Future
Authors: Michael Heise
DOI: https://doi.org/10.1007/978-3-030-05078-8
Publisher: Springer Cham
eBook Packages: Economics and Finance, Economics and Finance (R0)
Copyright Information: Springer Nature Switzerland AG 2019
Hardcover ISBN: 978-3-030-05077-1Published: 06 March 2019
eBook ISBN: 978-3-030-05078-8Published: 26 February 2019
Edition Number: 1
Number of Pages: XIV, 111
Number of Illustrations: 33 illustrations in colour
Topics: Macroeconomics/Monetary Economics//Financial Economics, Capital Markets, European Integration