International Dimensions of Monetary Policy NBER Conference Report

Description: United States monetary policy has traditionally been modeled under the assumption that the domestic economy is immune to international factors and exogenous shocks. Such an assumption is increasingly unrealistic in the age of integrated capital markets, tightened links between national economies, and reduced trading costs. International Dimensions of Monetary Policy brings together fresh research to address the repercussions of the continuing evolution toward globalization for the conduct of monetary policy. In this comprehensive book, the authors examine the real and potential effects of increased openness and exposure to international economic dynamics from a variety of perspectives. Their findings reveal that central banks continue to influence decisively domestic economic outcomes--even inflation--suggesting that international factors may have a limited role in national performance. International Dimensions of Monetary Policy will lead the way in analyzing monetary policy measures in complex economies. From the estate of Edward Kane, an internationally recognized economist specializing in banking and financial regulation. Kane held the James. F. Cleary Chair in Finance at Boston College until retirement, and earlier in his career taught for 20 years at Ohio State. His analysis informed modern banking regulations and, as a fan of comic books and horror movies, he is also remembered for coining the now widely-known term "zombie banks".

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Location: Chandler, Arizona

End Time: 2025-01-20T19:47:40.000Z

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