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Financial markets and monetary policy

Author: Jeffrey A Frankel
Publisher: Cambridge, Mass. : MIT Press, ©1995.
Edition/Format:   Print book : EnglishView all editions and formats
Summary:
The decade of the 1980s left many central bankers disillusioned with monetarism, so that the question of the optimal nominal anchor remains an open one. In this second collection of his writings on financial markets (the first, On Exchange Rates, covered international finance), Jeffrey Frankel turns his attention to domestic markets, with special attention to how national monetary policy is handled. The fifteen
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Document Type: Book
All Authors / Contributors: Jeffrey A Frankel
ISBN: 0262061740 9780262061742
OCLC Number: 31331451
Description: xiii, 321 pages : illustrations ; 24 cm
Contents: 1. Portfolio Crowding-Out, Empirically Estimated --
2. A Comment on Debt Management --
3. Portfolio Shares as "Beta Breakers" --
4. Do Asset-Demand Functions Optimize over the Mean and Variance of Real Returns? A Six-Currency Test --
5. The Constrained Asset Share Estimation (CASE) Method: Testing Mean-Variance Efficiency of the U.S. Stock Market --
6. Expectations and Commodity Price Dynamics: The Overshooting Model --
7. Commodity Prices, Money Surprises, and Fed Credibility --
8. A Technique for Extracting a Measure of Expected Inflation from the Interest Rate Term Structure --
9. An Indicator of Future Inflation Extracted from the Steepness of the Interest Rate Yield Curve along Its Entire Length --
10. The Power of the Yield Curve to Predict Interest Rates (or Lack Thereof) --
11. Ambiguous Policy Multipliers in Theory and in Empirical Models --
12. The Implications of Conflicting Models for Coordination between Monetary and Fiscal Policymakers.
Responsibility: Jeffrey A. Frankel.

Abstract:

In this second collection of his writings on financial markets (the first, On Exchange Rates, covered international finance), Jeffrey Frankel turns his attention to domestic markets, with special  Read more...

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