A re-evaluation of financial targets
In recent years there has been much debate concerning necessary conditions for an optimal monetary policy. In his interesting article Evaluation of Financial Targets in Six Countries, Argy presents an analytical framework in which to evaluate diverse financial targets based on a variety of assumptio...
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| Format: | Article |
| Language: | English |
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Associazione Economia civile
2014-01-01
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| Series: | PSL Quarterly Review |
| Subjects: | |
| Online Access: | https://rosa.uniroma1.it/rosa04/psl_quarterly_review/article/view/11478 |
| _version_ | 1811172487535263744 |
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| author | G. VACIAGO |
| author_facet | G. VACIAGO |
| author_sort | G. VACIAGO |
| collection | DOAJ |
| description | In recent years there has been much debate concerning necessary conditions for an optimal monetary policy. In his interesting article Evaluation of Financial Targets in Six Countries, Argy presents an analytical framework in which to evaluate diverse financial targets based on a variety of assumptions. The present paper investigates the characteristics of diverse targets under alternative, more reasonable, assumptions on the preferences of the monetary authorities. Some of the limitations of Argy’s analysis are retained, but it is shown that by relaxing some of its strictures, more useful criteria for the formulation of monetary policy can be obtained.
JEL: E52
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| first_indexed | 2024-04-10T17:30:56Z |
| format | Article |
| id | doaj.art-04d8c963db5e4226bf6d0e8d9cd3fe2b |
| institution | Directory Open Access Journal |
| issn | 2037-3635 2037-3643 |
| language | English |
| last_indexed | 2024-04-10T17:30:56Z |
| publishDate | 2014-01-01 |
| publisher | Associazione Economia civile |
| record_format | Article |
| series | PSL Quarterly Review |
| spelling | doaj.art-04d8c963db5e4226bf6d0e8d9cd3fe2b2023-02-03T16:44:48ZengAssociazione Economia civilePSL Quarterly Review2037-36352037-36432014-01-012811310.13133/2037-3643/11478A re-evaluation of financial targetsG. VACIAGOIn recent years there has been much debate concerning necessary conditions for an optimal monetary policy. In his interesting article Evaluation of Financial Targets in Six Countries, Argy presents an analytical framework in which to evaluate diverse financial targets based on a variety of assumptions. The present paper investigates the characteristics of diverse targets under alternative, more reasonable, assumptions on the preferences of the monetary authorities. Some of the limitations of Argy’s analysis are retained, but it is shown that by relaxing some of its strictures, more useful criteria for the formulation of monetary policy can be obtained. JEL: E52 https://rosa.uniroma1.it/rosa04/psl_quarterly_review/article/view/11478Optimal monetary policyfinancial targetsmonetary authorities |
| spellingShingle | G. VACIAGO A re-evaluation of financial targets PSL Quarterly Review Optimal monetary policy financial targets monetary authorities |
| title | A re-evaluation of financial targets |
| title_full | A re-evaluation of financial targets |
| title_fullStr | A re-evaluation of financial targets |
| title_full_unstemmed | A re-evaluation of financial targets |
| title_short | A re-evaluation of financial targets |
| title_sort | re evaluation of financial targets |
| topic | Optimal monetary policy financial targets monetary authorities |
| url | https://rosa.uniroma1.it/rosa04/psl_quarterly_review/article/view/11478 |
| work_keys_str_mv | AT gvaciago areevaluationoffinancialtargets AT gvaciago reevaluationoffinancialtargets |