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Inflation Targeting and Financial Stability

Monetary Policy Challenges for the Future

Authors: Heise, Michael

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  • Gives an overview of the main elements of the current monetary policy debate
  • Relevant for practitioners (policymakers, investment professionals) and academics
  • Offers a systematic deduction of monetary policy recommendations
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eBook $54.99
price for USA in USD (gross)
  • ISBN 978-3-030-05078-8
  • Digitally watermarked, DRM-free
  • Included format: EPUB, PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $69.99
price for USA in USD
  • ISBN 978-3-030-05077-1
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
About this book

Since the financial crisis of 2008/09, the world’s major central banks have been struggling to return their economies to higher growth and to reach their inflation targets.
This concise book analyzes the importance of central bank policies for the economy, and specifically investigates the reasons why they have failed to steer inflation as desired. The author, the Chief Economist at Allianz SE, argues that, in an environment of great uncertainty concerning the pass-through of monetary stimulus to the economy, central banks should not focus too narrowly on inflation targets, but should increasingly take the side effects of their actions into account. In particular, he contends that they must seek to minimize the risk of financial booms and busts in order to maximize long-term growth and prosperity.
Building on existing research and contributing to the current debate, the book offers a valuable reference guide and food for thought for policymakers, professionals and students alike.

About the authors

Michael Heise is Global Chief Economist at Allianz SE, where he advises the board on economic and strategic issues. He is responsible for the analysis and forecasts of the international economy, and for financial markets and risk analysis. Heise studied and graduated from Cologne University and teaches as a honorary professor at the Johann Wolfgang Goethe University in Frankfurt-am-Main. Before joining the Allianz Group, Heise was Secretary General of the German Council of Economic Experts, Chief Economist and Head of Research at DZ Bank.

Reviews

“This well written, accessible book focuses on the eurozone, the disappearance of inflation is a phenomenon that has gone global. … Heise’s arguments, well expressed and easy to follow, are not merely theoretical musings.” (Claire Jones, Financial Times, ft.com, June 03, 2019)


Table of contents (6 chapters)

Table of contents (6 chapters)

Buy this book

eBook $54.99
price for USA in USD (gross)
  • ISBN 978-3-030-05078-8
  • Digitally watermarked, DRM-free
  • Included format: EPUB, PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $69.99
price for USA in USD
  • ISBN 978-3-030-05077-1
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
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Bibliographic Information

Bibliographic Information
Book Title
Inflation Targeting and Financial Stability
Book Subtitle
Monetary Policy Challenges for the Future
Authors
Copyright
2019
Publisher
Springer International Publishing
Copyright Holder
Springer Nature Switzerland AG
eBook ISBN
978-3-030-05078-8
DOI
10.1007/978-3-030-05078-8
Hardcover ISBN
978-3-030-05077-1
Edition Number
1
Number of Pages
XIV, 111
Number of Illustrations
33 illustrations in colour
Topics