9. Conclusion: Monetary Policy, Networks, and the Diffusion of Ideas

2018 ◽  
pp. 176-192
Author(s):  
Gene Park ◽  
Saori N. Katada ◽  
Giacomo Chiozza ◽  
Yoshiko Kojo

This concluding chapter explores the implications of this book's study in three areas: the role of ideas in monetary policy; the role of policy networks in determining ideational coherence and salience; and the process of ideational change. Given that policy ideas do matter, and indeed are central to the politics of monetary policy, scholars need to understand the policy ideas that embody specific goals, priorities, and judgments about monetary policy as well as the conduits through which these ideas ultimately reach policymakers. One analytical value of drawing on policy networks is that it provides a framework for understanding the specific hierarchy of ideational processes that shape outcomes. Meanwhile, ideational change occurred through a breakdown in the ability of existing policy ideas to describe reality, thereby inviting wider political intervention beyond state actors.


2006 ◽  
Author(s):  
Vítor Gaspar ◽  
Otmar Issing ◽  
Oreste Tristani ◽  
David Vestin

Author(s):  
Nur Widiastuti

The Impact of monetary Policy on Ouput is an ambiguous. The results of previous empirical studies indicate that the impact can be a positive or negative relationship. The purpose of this study is to investigate the impact of monetary policy on Output more detail. The variables to estimatate monetery poicy are used state and board interest rate andrate. This research is conducted by Ordinary Least Square or Instrumental Variabel, method for 5 countries ASEAN. The state data are estimated for the period of 1980 – 2014. Based on the results, it can be concluded that the impact of monetary policy on Output shown are varied.Keyword: Monetary Policy, Output, Panel Data, Fixed Effects Model


2010 ◽  
pp. 4-20 ◽  
Author(s):  
A. Nekipelov ◽  
M. Golovnin

The paper analyzes the qualitative changes in monetary policy goals and instruments during the world economic crisis of 2007-2009 in industrial countries and Russia; it represents the authors view on Russian monetary policy goals and results on different stages of crisis development. On the basis of the analysis the authors conclude on the necessity of active exchange rate policy in Russia, while developing interest rate instruments, and implementation of some exchange restrictions to prevent crisis contagion in the future.


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