2012/1 New Paradigms in Monetary Theory and Policy?

edited by Morten Balling and David T. Llewellyn

New Paradigms in Monetary Theory and Policy?
edited by Morten Balling and David T. Llewellyn, Vienna, 2012, ISBN 978-3-902109- 61-3

On 11-12 May 2011, SUERF and the Belgian Financial Forum, in association with the Brussels Finance Institute and the Centre for European Policy Studies (CEPS) organized the 29th SUERF Colloquium “New Paradigms in Money and Finance?” All the papers in the present SUERF Study are based on contributions to the Brussels Colloquium.

Introduction
Morten Balling & David T. Llewellyn

New paradigms for central banking?
Athanasios Orphanides

Challenges for euro area monetary policy
Luc Coene

The short long
Andy Haldane & Richard Davies

Does inflation targeting decrease exchange rate pass-through in emerging countries?
Dramane Coulibaly & Hubert Kempf

Monetary policy transmission in an open emerging market economy: the case of South Africa
Nicola Brink & Michael Kock

The role of interest rate forecasts in Norwegian monetary policy
Amund Holmsen and Øistein Røisland

Global imbalances and Chinese exchange rate policy
Guonan Ma & Robert N. McCauley

The great recession: US dynamics and spillovers to the world economy
Fabio C.Bagliano & Claudio Morana

Revitalizing the SDR: Building a new and sustainable SDR-based global financial Infrastructure
Wim Boonstra

The nexus between monetary policy, banking market structure and bank risk taking: An empirical assessment of the risk taking channel of monetary policy
Tobias C. Michalak

Challenges for the EU fiscal framework: fiscal sustainability, government debt and monetary policy
Philipp C. Rother

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Additional Info

  • Keywords: Monetary policy, financial stability, economic governance, micro-prudential supervision, macro-prudential supervision; Euro Area; Short-termism, risk premia, public policy, governance, taxation; Inflation Targeting, Exchange Rate Pass-Through, panel VAR; Monetary policy transmission mechanism, South Africa; Interest rate forecasting, policy intentions, Norway; China, Renmimbi, exchange rate, global imbalances; Macro-finance, United States, business cycle; SDR, global financial infrastructure; risk-taking channel, competition, concentration, bank soundness, European banking; EU fiscal framework, fiscal sustainability, government debt
  • JEL Codes: E31, E43, E44, E5, E52, E55, E58, E63, F41; G01, G28
  • ISBN No.: 978-3-902109-61-3
  • Authors: Athanasios Orphanides, Luc Coene, Andy Haldane, Dramane Coulibaly & Hubert Kempf, Nicola Brink & Michael Kock, Amund Holmsen and Øistein Røisland, Guonan Ma & Robert N. McCauley, Fabio C.Bagliano & Claudio Morana, Wim Boonstra, Tobias C. Michalak, Philipp C. Rother
  • Editors: Morten Balling, David T. Llewellyn