New to this Edition
Up-to-Date Information
1. The movement along the MP curve when the Fed raised the federal funds target from 2004 to 2006 (Chapter 22)
2. FYI box on what the word “autonomous” means (Chapter 23)
3. Nominal GDP targeting (Chapter 24)
4. The Euro Crisis. Includes information on the European sovereign debt crisis (Chapter 12), monetary unions (Chapter 19), and whether the Euro will survive (Chapter 19)
5. Non-Conventional Monetary Policy and the Zero Lower Bound. Includes a new section on quantitative easing and the money supply, 2007-2014 (Chapter 15) and forward guidance and the commitment to future policy actions (Chapter 16). Chapter 24 has also been significantly revised to include monetary policy at the zero lower bound, unconventional monetary policy, and the effects of Abenomics on Japanese monetary policy in 2013
Up-to-Date Information
1. The movement along the MP curve when the Fed raised the federal funds target from 2004 to 2006 (Chapter 22)
2. FYI box on what the word “autonomous” means (Chapter 23)
3. Nominal GDP targeting (Chapter 24)
4. The Euro Crisis. Includes information on the European sovereign debt crisis (Chapter 12), monetary unions (Chapter 19), and whether the Euro will survive (Chapter 19)
5. Non-Conventional Monetary Policy and the Zero Lower Bound. Includes a new section on quantitative easing and the money supply, 2007-2014 (Chapter 15) and forward guidance and the commitment to future policy actions (Chapter 16). Chapter 24 has also been significantly revised to include monetary policy at the zero lower bound, unconventional monetary policy, and the effects of Abenomics on Japanese monetary policy in 2013