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Cecchetti, Stephen G. (Stephen Giovanni)

Works: 117 works in 720 publications in 3 languages and 4,496 library holdings
Genres: Textbooks 
Roles: Author, Other
Publication Timeline
Publications about Stephen G Cecchetti
Publications by Stephen G Cecchetti
Most widely held works by Stephen G Cecchetti
Money, banking, and financial markets by Stephen G Cecchetti( Book )
63 editions published between 2005 and 2017 in 3 languages and held by 608 libraries worldwide
About the authors -- Preface -- Learning tools walkthrough -- Money and the financial system -- An introduction to money and the financial system -- Money and the payments system -- Interest rates, financial instruments, and financial markets -- Future value, present value, and interest rates -- Bonds, bond prices, and the determination of interest rates -- The risk and term structure of interest rates -- Stocks, stock markets, and market efficiency -- Derivatives: futures, options, and swaps -- Foreign exchange -- Financial institutions -- The economics of financial intermediation -- Depository institutions: banks and bank management -- Financial industry structure -- Regulating the financial system -- Central banks, monetary policy, and financial stability -- Central banks in the world today -- The structure of central banks: the federal reserve and the european central bank -- The central bank balance sheet and the money supply process -- Monetary policy: stabilizing the domestic economy -- Exchange-rate policy and the central bank -- Money growth, money demand, and modern monetary policy -- Output, inflation, and monetary policy -- Modern monetary policy and the challenges facing central bankers -- Glossary -- Photo credits -- Index
Asset prices and central bank policy by Stephen G Cecchetti( Book )
20 editions published between 2000 and 2001 in English and held by 186 libraries worldwide
How should central banks view movements in equity, housing and foreign exchange markets? Can policy-makers improve economic performance by paying attention to asset prices, as well as inflation and output forecasts? Is it possible to identify asset price misalignments and bubbles? Is it possible to use non-conventional policies to address asset price misalignments? Should asset prices be included directly in measures of inflation? Do asset prices contain information about future consumer price inflation? The second title in the ICMB/CEPR series of Geneva Reports on the World Economy addresses these questions and reaches the following conclusions: 1. A central bank concerned with stabilizing inflation can achieve superior performance by adjusting its policy instruments in response to asset prices as well as inflation forecasts and the output gap. The reaction to asset prices will, however, depend on why they have changed: appropriate responses to increases in productivity growth are very different from responses to misalignments or bubbles. 2. Asset price misalignments may be difficult to measure, but this is no reason to ignore them. 3. Most non-conventional policies, such as adjusting margin requirements, are unlikely to succeed in reducing asset price volatility. 4. Inflation measures should take better account of changes in housing prices, but stock price movements are better left out of inflation indices. 5. Asset prices have a strong effect on future inflation, although the impact differs across countries
Inflation indicators and inflation policy by Stephen G Cecchetti( Book )
12 editions published between 1995 and 1996 in English and held by 62 libraries worldwide
In recent years, central bankers throughout the world have advocated that monetary policy shift toward inflation targeting. Recent actions in the U.S. serve to highlight the desire of the Federal Reserve to keep inflation both low and stable, while downplaying the likely output and employment consequences. But control of inflation requires both that one be able to forecast the future path of the price level and that one have estimates of what impact policy changes have on that path. Unfortunately, inflation is very difficult to forecast at even very near horizons. This is true because the relationship of candidate inflation indicators to inflation is neither very strong nor very stable. Beyond this, the relationship between monetary policy instruments, such as the Federal Funds Rate, and inflation also varies substantially over time and cannot be estimated precisely. Construction of policy rules can take these difficulties into account. Several rules are examined, and they have the following interesting properties. First, since prices take time to respond to all types of impulses, the object of price stability implies raising the Federal Funds Rate immediately following a shock, rather than waiting for prices to rise before acting. Finally, comparison of the results of price level targeting with nominal income targeting suggests that the difficulties inherent in forecasting and controlling the former provide an argument for focusing on the latter
International cycles by Stephen G Cecchetti( Book )
11 editions published between 1995 and 1996 in English and held by 57 libraries worldwide
We study twenty years of monthly production data for 11 manufacturing industries in 19 countries. Using the fact that in some countries production virtually shuts down for one summer month, together with the differences in the timing of aggregate cyclical fluctuations, we are able to learn about the cost structure of different industries. Our primary finding is that during a boom year summer shut-downs are shorter. Rather than increasing production further during the rest of the year, producers reallocate activity from high output months to low output months. We also find that there are important seasonal/cyclical interactions common to all industries within a given country, and that these countries effects are larger than the pure industry effects. The correlation of the cross-country differences with measures of taxation and labor market structure suggests the possibility that differences in the willingness (and ability) to substitute labor intertemporally are responsible for the variation
Alternative Names
Cecchetti, S. G. 1956-
Cecchetti, Stephen
Cecchetti, Stephen 1956-
Cecchetti, Stephen G.
Cecchetti, Stephen Giovanni.
Cecchetti, Stephen Giovanni 1956-
Cecchetti, Steven G.
Cecchetti, Steven G. 1956-
Cecchetti, Steven G. (Steven Giovanni)
Cecchetti, Steven Giovanni.
Cecchetti, Steven Giovanni 1956-
English (103)
Chinese (2)
Spanish (1)
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