Aspects of Central Bank Policy Making

Aspects of Central Bank Policy Making

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This volume is a collection of papers which were presented and discussed at a conference on qAspects of Central Bank Policy Makingq which took place in January 1990 at the Bank of Israel and Tel Aviv University. The conference marked the tenth anniversary of the passing of David Horowitz who was the first governor of the Bank of Israel. The conference was sponsored by the Bank of Israel and the David Horowitz Institute for the Research of Developing Countries at Tel Aviv University. Eitan Berglas, Zvi Eckstein and Mordechai Fraenkel served as organizing committee. The volume has three parts. The first part deals with the rules and the constraints that are fundamental for central bank policy making. It starts with a critical review of 75 years of monetary policy of the U.S. Federal Reserve Bank, followed by several studies directed at the issues concerning the establishment of a European central bank. The second part deals with the insurance, regulation and safety of commercial banks. The last part contains analysis of monetary policies in Germany and Israel. Part of the research included in this volume is the result of a two years research project on qCentral Bank Policies, Disinflation and the Macroeconomyq conducted at the David Horowitz Institute. The contributors to this project were: the Bundesbank, the Bank of England, the Bank of Italy, the Bank of Israel, the Bank for International Settlements and the Bank of the Netherlands.(Insert Chart 9 here) Not all of the variability in measures of monetary policy arises from the control procedure. ... One occurred after the stock market crash in October 1987. ... (Insert Table 5 here) Comparison of periods in which monetary aggregates were placed first with other periods in which they were placed fourth oranbsp;...

Title:Aspects of Central Bank Policy Making
Author:Zvi Eckstein
Publisher:Springer Science & Business Media - 2012-12-06


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