Banco Central de ChileVolume IV: Monetary Policy: Rules and Transmission Mechanisms
Edited by Norman Loayza & Klaus Schmidt-Hebbel - ISBN 956 7421 099
"This is a first-rate treatise on monetary policy in emerging countries. The contributors are first-rate academics and practitioners. They provide deep insights and rigorous analysis. This book is a must read for anyone interested in undertstanding the contribution of monetary policy to stability, growth and prosperity, Definitely, a home run!"
Sebastian Edwards, University of California, Los Angeles.
"The achievement of low and stable rates of inflation worldwide has come hand in hand with a growing interest by central banks in the promotion and in-house production of high-level, policy-relevant research in monetary economics, as exemplified by the papers in the present volume. The Central Bank of Chile deserves high marks in both fronts"
Jordi Gali, Universitat Pompeu Fabra
"This addition to a new series of volumes, representing the highly regarded annual conferences held by the Central bank of Chile, is most welcome. In it, leading academic and central bank analysts consider a wide variety of issues concerning the design of monetary policy rules, the specification of transmission mechanisms (i.e., macroeconomic structures), and the interaction of these. A notable feature is the inclusion of full quantitative studies for six different economies -Australia, Canada, Chile, Israel, South Africa, and the U.K. - plus informative policy-rule estimates for five Latin American economies"
Benett t. McCallum, Carnegie Mellon University
Table of Contents
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