Monetary Policy at the Cutting Edge.

Intro -- MONETARY POLICY AT THECUTTING EDGE -- MONETARY POLICY AT THECUTTING EDGE -- CONTENTS -- PREFACE -- MONETARY POLICY AND THE FEDERALRESERVE: CURRENT POLICY ANDCONDITIONS* -- ABSTRACT -- INTRODUCTION -- WHAT IS MONETARY POLICY? -- Is Monetary Policy Important? -- INDICATORS OF MONETARY POLICY -- Money Supply Growth -- Interest Rates -- THE RECENT AND CURRENTPOSTURE OF MONETARY POLICY -- THE FEDERAL RESERVE AND THEMONETARY AGGREGATES -- THE FEDERAL RESERVEAND THE DISCOUNT RATE -- THE FEDERAL RESERVE'S MANDATEAND ITS INDEPENDENCE -- CONGRESSIONAL OVERSIGHTAND THE NEAR-TERMGOALS OF MONETARY POLICY -- APPENDIX. DEFINITIONS -- REFERENCES -- FEDERAL RESERVE BANK OF NEW YORKSTAFF REPORTS: OPTIMAL MONETARYPOLICY UNDER SUDDEN STOPS* -- ABSTRACT -- 1. INTRODUCTION -- 2. THE MODEL -- 2.1. Households -- 2.2. Wholesale Firms -- 2.3. Retail Firms -- 2.4. Monetary Policy -- 2.5. General Equilibrium and Parameter Values -- 3. OPTIMAL MONETARY POLICY -- 4. SIMPLE RULES -- 4.1. Benchmark Rules -- 4.2. Optimal Rules -- 5. CONCLUSION -- A. VARIABLES AND PARAMETERS -- B. All Equations Describing the Economy -- C.WELFARE RANKING -- D. IMPULSE RESPONSE FUNCTIONS -- REFERENCES -- CURRENT ISSUES IN ECONOMICSAND FINANCIAL CYCLES -- ASSETS, LIABILITIES, AND THE LEVERAGEOF FINANCIAL INSTITUTIONS -- CONSEQUENCES OF PRO-CYCLICAL LEVERAGE -- A NEW DEFINITION OF LIQUIDITY -- THE ROLE OF MONEY -- LIQUIDITY AND MONETARY POLICY -- THE LINK BETWEEN MONETARY POLICYAND THE GROWTH OF REPOS -- CONCLUSION -- REFERENCES -- DOLLAR CRISIS: PROSPECTAND IMPLICATIONS* -- ABSTRACT -- INTRODUCTION -- ANATOMY OF DOLLAR CRISIS -- POSSIBLE REASONS WHY A DOLLARCRISIS WON'T OCCUR -- Global Savings Glut -- Bretton Woods II -- Dark Matter -- THE MACROECONOMIC EFFECTS OF A DOLLAR CRISIS -- THE RESPONSE OF ECONOMIC POLICY -- Response of U.S. Economic Policy -- Response of Foreign Economic Policy.

CONCLUSION -- REFERENCES -- STRUCTURE AND FUNCTIONS OF THEFEDERAL RESERVE SYSTEM* -- ABSTRACT -- BACKGROUND -- BOARD OF GOVERNORS -- Monetary Policy -- Supervision and Regulation -- FEDERAL RESERVE BANKS -- MEMBER BANKS -- CONGRESSIONAL OVERSIGHT -- Reports and Hearings -- REFERENCES -- INDEX.

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Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2024. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.