An evaluation of financial targets in six countries
In formulating and implementing their monetary policies, central banks generally aim at bringing about changes in certain financial variables as a first step in their efforts to influence the ultimate targets of policy. The present work surveys the financial targets of six central banks, focusing pa...
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| Format: | Article |
| Language: | English |
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Associazione Economia civile
2013-12-01
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| Series: | PSL Quarterly Review |
| Subjects: | |
| Online Access: | https://rosa.uniroma1.it/rosa04/psl_quarterly_review/article/view/11448 |
| _version_ | 1811172512722059264 |
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| author | V. ARGY |
| author_facet | V. ARGY |
| author_sort | V. ARGY |
| collection | DOAJ |
| description | In formulating and implementing their monetary policies, central banks generally aim at bringing about changes in certain financial variables as a first step in their efforts to influence the ultimate targets of policy. The present work surveys the financial targets of six central banks, focusing particularly on the distinction between operating and intermediate targets. A general framework is then presented by which to evaluate the diverse financial targets. Concluding and general comments on the analysis are then provided.
JEL: E52, E58
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| first_indexed | 2024-04-10T17:31:25Z |
| format | Article |
| id | doaj.art-744a8fb867d648638337479c8bbf0c5c |
| institution | Directory Open Access Journal |
| issn | 2037-3635 2037-3643 |
| language | English |
| last_indexed | 2024-04-10T17:31:25Z |
| publishDate | 2013-12-01 |
| publisher | Associazione Economia civile |
| record_format | Article |
| series | PSL Quarterly Review |
| spelling | doaj.art-744a8fb867d648638337479c8bbf0c5c2023-02-03T16:44:57ZengAssociazione Economia civilePSL Quarterly Review2037-36352037-36432013-12-012610810.13133/2037-3643/11448An evaluation of financial targets in six countriesV. ARGYIn formulating and implementing their monetary policies, central banks generally aim at bringing about changes in certain financial variables as a first step in their efforts to influence the ultimate targets of policy. The present work surveys the financial targets of six central banks, focusing particularly on the distinction between operating and intermediate targets. A general framework is then presented by which to evaluate the diverse financial targets. Concluding and general comments on the analysis are then provided. JEL: E52, E58 https://rosa.uniroma1.it/rosa04/psl_quarterly_review/article/view/11448Monetary policycentral banksfinancial targets |
| spellingShingle | V. ARGY An evaluation of financial targets in six countries PSL Quarterly Review Monetary policy central banks financial targets |
| title | An evaluation of financial targets in six countries |
| title_full | An evaluation of financial targets in six countries |
| title_fullStr | An evaluation of financial targets in six countries |
| title_full_unstemmed | An evaluation of financial targets in six countries |
| title_short | An evaluation of financial targets in six countries |
| title_sort | evaluation of financial targets in six countries |
| topic | Monetary policy central banks financial targets |
| url | https://rosa.uniroma1.it/rosa04/psl_quarterly_review/article/view/11448 |
| work_keys_str_mv | AT vargy anevaluationoffinancialtargetsinsixcountries AT vargy evaluationoffinancialtargetsinsixcountries |