Description

• Title:
  Modern central banking from monetary perspective
• Creator:
  Ryczkowski, Maciej
• Description:
  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.
• Object availability:
  free access
• Rights:
  Prawa autorskie (c) 2017 Ekonomia i Prawo. Economics and Law
• Date:
  2016.12.31
• Type:
  info:eu-repo/semantics/article;
  info:eu-repo/semantics/publishedVersion
• Language:
  English
• Source:
  Ekonomia i Prawo. Economics and Law; Vol. 15 No. 4 (2016); 547-556;
  Ekonomia i Prawo. Economics and Law; Tom 15 Nr 4 (2016); 547-556;
  2392-1625;
  1898-2255
• Format:
  application/pdf
• Publisher:
  Uniwersytet Mikołaja Kopernika w Toruniu
• Relation: https://apcz.umk.pl/EiP/article/view/EiP.2016.037/11089
• Subject:
  money;
  monetary aggregates;
  modern central banking;
  E42;
  E51;
  E52;
  E58
• Identifier: https://apcz.umk.pl/EiP/article/view/EiP.2016.037
• Data provider:
  Akademicka Platforma Czasopism
• Can I use it?:
  seek permission
• Type:
  text