il ruolo degli aggregati creditizi come obiettivi intermedi o indicatori della politica monetaria. (a note on credit aggregates as targets or indicators of monetary policy)
Article Quality & Performance Metrics
Readership in this journal
SteadyRanked #71 of 184 articles by views in journal of plant resources and environment
Bar heights use a square-root scale. Only the 120 most-read articles are drawn; the journal has 184 in total.
Mint this article as an NFT
Not yet mintedCreate a permanent, verifiable on-chain record of this article on the Scimatic Network. The NFT is held in your Journament account, and you can withdraw it to your own wallet at any time.
Abstract
Con l'aumento della deregolamentazione e l'innovazione finanziaria in molti sistemi bancari nazionali, è stato suggerito che l'attuale enfasi sul controllo della massa monetaria non è più appropriato. Invece, una definizione più ampia di credito dovrebbe essere introdotto e movimenti degli aggregati creditizi dovrebbe essere controllato. L'autore sostiene che non vi è alcun meccanismo di trasmissione diretta tra un aggregato ampio credito e variazioni del debito privato e di governo, e che le autorità hanno limitato la capacità di controllare un tale aggregato. Quindi la sua scelta come l'obiettivo principale della politica monetaria sarebbe inopportuno.
With increasing deregulation and financial innovation in many domestic banking systems, it has been suggested that the present emphasis on controlling the money stock is no longer appropriate. Instead, a broader definition of credit should be introduced and movements in credit aggregates should be controlled. The author argues that there is no direct transmission mechanism between a broad credit aggregate and changes in private and government debt, and that the authorities have limited ability to control such an aggregate. Therefore its choice as the main target for monetary policy would be inappropriate.
JEL: E52
| Reference Key |
vaciago2013monetail
Use this key to autocite in the manuscript while using
SciMatic Manuscript Manager or Thesis Manager
|
|---|---|
| Authors | ;G. VACIAGO |
| Journal | journal of plant resources and environment |
| Year | 2013 |
| DOI |
DOI not found
|
| URL | |
| Keywords |
Citations
No citations found. To add a citation, contact the admin at info@scimatic.org
Comments
No comments yet. Be the first to comment on this article.