Central Banking, Monetary Policy and Income Distribution

This book explores the relationship between central banking, monetary policy, and income distribution, and discusses the need for broader mandates that impact economic activity, unemployment, and other economic issues. It presents theoretical views and critically assesses the distributional outcomes of inflation targeting regimes.

Format: Hardback
Length: 302 pages
Publication date: 21 March 2023
Publisher: Edward Elgar Publishing Ltd

This comprehensive book, part of The Elgar Series on Central Banking and Monetary Policy, delves into the intricate relationship between central banking, monetary policy, and income distribution. While the traditional mandate of central banks, focused solely on combating inflation, is being increasingly scrutinized by policymakers and scholars, many countries are realizing the need for broader mandates that can effectively address economic activity, unemployment, and other pressing economic concerns.

The chapters in this book offer a diverse range of theoretical perspectives on this subject, encompassing classical and Marxist viewpoints, as well as mainstream and post-Keynesian approaches. They examine the democratic dimensions of central banking, critically evaluate the distributional consequences of inflation targeting regimes, and explore the policy implications of these findings.

Policymakers, academics, and the financial press will greatly benefit from the valuable insights and cutting-edge discussions presented in Central Banking, Monetary Policy, and Income Distribution. This book serves as a crucial resource for understanding the complex dynamics of central banking and its impact on economic outcomes.

Weight: 578g
Dimension: 162 x 241 x 21 (mm)
ISBN-13: 9781800371927