Monetary Policy and Interest Rates: Proceedings of a Conference Sponsored by Bancad' Italia, Centro Paolo Baffi and the Innocenzo Gasparini Institute for Economic Research (Igier)

Book Description
The yield curve--the relation among market interest rates of different maturities--has become increasingly important in recent years as a benchmark for evaluating investment strategies in the diversified and global financial market. The essays collected here examine how yield curve developments can help assess the credibility and sustainability of monetary policy strategies and how, in turn, monetary policy actions affect the yield curve.


About the Author
Ignazio Angeloni is Director of the Monetary and Financial Sector in the Research Department at Banca d'Italia, Rome.

Riccardo Rovelli is Professor of Economics at the University of Bologna.



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Ten papers from a conference presumably held in Italy somewhere during the 1990s; central bankers keep their cards close to their chests. Contributors from academia and the finance industry explore how the yield curve, the relation among market interest rates of different maturities, can be used to help assess the credibility and the sustainability of monetary policy strategies, and how monetary policy actions in turn affect the yield curve. Annotation c. by Book News, Inc., Portland, Or.


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