Overview
- Provides an analytical framework in the context of increased interdependence across economies
- Explores the challenges faced by central banks in the aftermath of the global financial crisis
- Presents proposals to build a set of policies that the public has faith in
Part of the book series: Financial and Monetary Policy Studies (FMPS, volume 55)
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Table of contents (9 chapters)
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Front Matter
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Does the Science of Monetary Policy Need to be Altered?
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Front Matter
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Challenges for Monetary Policy in Interdependent Economies: Lessons from the Eurozone Crisis
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Front Matter
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The Task Ahead: Monetary Policy in Uncharted Waters
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Front Matter
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Keywords
About this book
This book explores the challenges faced by central banks in the aftermath of the global financial crisis and the events that followed. It further emphasises the asymmetries in the transmission of monetary policy in the Eurozone economies and among major advanced economies. The book also highlights the advances in the monetary policy debate towards an efficient resource allocation.
The author argues that the canonical model of macroeconomic stabilization, which assigns the main burden of stabilization to monetary policy, is outdated primarily because of the absence of financial frictions. Further, she highlights the urgency of pushing risky activities outside the perimeters of regulation in face of rapidly evolving financial markets. The book provides an analytical framework in the context of intense globalisation and increased interdependence across economies, irrespective of the recent re-examining of supply-chains and trade relationships, as well as a policy framework thoroughly amended after the global financial crisis and the crises that followed it.
Presenting policy proposals, the book discusses how policymakers must try to develop a set of policies that the public will have confidence in and take into account in forming expectations about future inflation and spending. It will be useful to central banking practitioners, monetary and fiscal policymakers, as well as students and scholars in economics and, in particular, financial economics.
Authors and Affiliations
About the author
Ioanna T. Kokores is an Assistant Professor in “Monetary Theory and Policy” at the Department of Economics, School of Economics, Business and International Studies, University of Piraeus, Greece. She is lead editor of the book “Money, Trade and Finance: Recent Trends and Methodological Issues” (Palgrave Macmillan), and author of “Monetary Policy and Financial Stability: Challenges before and after the Global Financial Crisis” (Cambridge Scholars Publishing).
Bibliographic Information
Book Title: Monetary Policy in Interdependent Economies
Book Subtitle: The Task Ahead
Authors: Ioanna T. Kokores
Series Title: Financial and Monetary Policy Studies
DOI: https://doi.org/10.1007/978-3-031-41958-4
Publisher: Springer Cham
eBook Packages: Economics and Finance, Economics and Finance (R0)
Copyright Information: The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG 2023
Hardcover ISBN: 978-3-031-41957-7Published: 05 October 2023
Softcover ISBN: 978-3-031-41960-7Due: 05 November 2023
eBook ISBN: 978-3-031-41958-4Published: 04 October 2023
Series ISSN: 0921-8580
Series E-ISSN: 2197-1889
Edition Number: 1
Number of Pages: XV, 250
Number of Illustrations: 6 b/w illustrations, 15 illustrations in colour
Topics: Macroeconomics/Monetary Economics//Financial Economics, Economic Policy, International Economics, International Finance, International Finance