Financial markets and monetary policy
- Cambridge The MIT Press 1995
- 321 p.
Contiene: 1. Portfolio crowding-out, empirically estimated.- 2. A comment on debt management.- 3. Portfolio shares as "beta breakes".- 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 extranting a measure of expected of 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. Ambiguos policy multipliers in theory and in empirical models.- 12. The implications of conflicting models for coordination between monetary and fiscal policymakers.- 13. International macroeconomics policy coordination when policymakers do not agree on the true model.- 14. International nominal targeting (INT): a proposal for overcoming obstacles to monetary policy coordination.- 15. The stabilizing properties of a nominal GDP rule for monetary policy.
0-262-06174-0
Mercados financieros
Administración de portafolio Indicadores monetarios