Modern Central Banking from Monetary Perspective

• Autorzy: Maciej Ryczkowski
• Języki publikacji: EN

Abstrakty

EN

Motivation: Cashless or DSGE models did not allow to predict the Great Recession - which may suggest that they omit some important variables like money or credit, for instance. Aim: The paper summarizes changing views on money's importance in modern monetary policy and reviews pros and cons of assigning any special role to money by central banks. Results: On the basis of literature review and the 2007-2009 crisis experiences, author apposes arguments for possible improvements in monetary policy frameworks. The paper is organized as follows: section 1 reviews some basic facts about monetary aggregates, section 2 presents the methodology of the research, section 3 discusses pros and cons of assigning special relevance to money in central banking, section 4 concludes. (original abstract)

Słowa kluczowe

EN

Banking; Central banks; Monetary policy

PL

Bankowość; Banki centralne; Polityka pieniężna

• Czasopismo: Ekonomia i Prawo
• Rocznik: 2016
• Tom: 15
• Numer: nr 4
• Strony: 547--556

Twórcy

autor

Maciej Ryczkowski

• Nicolaus Copernicus University

Bibliografia

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Identyfikatory

DOI

10.12775/EiP.2016.037