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Interest rates, prices and liquidity : lessons from the financial crisis

Author: Jagjit Chadha; Sean Holly
Publisher: Cambridge, UK ; New York : Cambridge University Press, 2012.
Series: Macroeconomic policy making.
Edition/Format:   eBook : Document : Conference publication : EnglishView all editions and formats
Database:WorldCat
Summary:
"Many of the assumptions that underpin mainstream macroeconomic models have been challenged as a result of the traumatic events of the recent financial crisis. Thus, until recently, it was widely agreed that although the stock of money had a role to play, in practice it could be ignored as long as we used short-term nominal interest rates as the instrument of policy because money and other credit markets would clear
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Genre/Form: Electronic books
Additional Physical Format: Print version:
Interest rates, prices and liquidity.
Cambridge, UK ; New York : Cambridge University Press, 2012
(DLC) 2011030680
(OCoLC)733229081
Material Type: Conference publication, Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Jagjit Chadha; Sean Holly
ISBN: 9781139161718 1139161717 9781139159661 1139159666 9781139044233 1139044230 1283342669 9781283342667
OCLC Number: 773706835
Notes: Papers presented at a conference held in Cambridge, England in Mar. 2010.
Description: 1 online resource (xi, 280 pages) : illustrations.
Contents: New instruments of monetary policy / Jagjit S. Chadha and Sean Holly --
Liquidity and monetary policy / Douglas Gale --
Interest rate policies and stability of banking systems / Hans Gersbach and Jan Wenzelberger --
Handling liquidity shocks: QE and Tobin's q / John Driffill and Marcus Miller --
Asset purchase policies and portfolio balance effects: a DSGE analysis / Richard Harrison --
Financial intermediaries in an estimated DSGE model for the UK / Stefania Villa and Jing Yang --
Central bank balance sheets and long term forward rates / Sharon Kozicki, Eric Santor and Lena Suchanek --
Non-standard monetary policy measures and monetary developments / Domenico Giannone, Michele Lenza, Huw Pill and Lucrezia Reichlin --
QE: one year on / Spencer Dale --
What saved the banks: unconventional monetary or fiscal policy? / Mike Wickens --
Non-conventional monetary policies: QE and the DSGE literature / Evren Caglar, Jagjit Chadha, Jack Meaning, James Warren and Alex Waters.
Series Title: Macroeconomic policy making.
Responsibility: edited by Jagjit S. Chadha and Sean Holly.
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One of the first book-length examinations of monetary policy instruments used in response to the recent financial crisis.  Read more...

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'Many failings were revealed by the on-going financial crisis. The reputations of bankers and regulators have been shredded. But the reputation of academic macro-economists also joined them in the Read more...

 
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