Open Daily: 10am - 10pm | Alley door pickup 10am - 7pm 3038 Hennepin Ave Minneapolis, MN
612-822-4611

  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Interest Rates, Prices and Liquidity

Interest Rates, Prices and Liquidity

Chadha, Jagjit S.
Holly, Sean

Hardcover

Series: Macroeconomic Policy Making

EconomicsInvesting & Finance

ISBN10: 1107014735
ISBN13: 9781107014732
Publisher: Cambridge University Press
Published: Oct 27 2011
Pages: 292
Weight: 1.30
Height: 0.70 Width: 6.00 Depth: 9.00
Language: English
Many of the assumptions that underpin mainstream macroeconomic models have been challenged as a result of the traumatic events of the recent financial crisis. Thus, until recently, it was widely agreed that although the stock of money had a role to play, in practice it could be ignored as long as we used short-term nominal interest rates as the instrument of policy because money and other credit markets would clear at the given policy rate. However, very early on in the financial crisis interest rates effectively hit zero percent and so central banks had to resort to a wholly new set of largely untested instruments to restore order, including quantitative easing and the purchase of toxic financial assets. This book brings together contributions from economists working in academia, financial markets and central banks to assess the effectiveness of these policy instruments and explore what lessons have so far been learned.

1 different editions

Also available

Also in

Investing & Finance

View All