Comments on Financial Theory and ‘Central Bank Policies’ by Marvin Goodfriend

Manfred J. M. Neumann

A chapter in Monetary Theory and Monetary Policy, 1993, pp 119-122 from Palgrave Macmillan

Abstract: Abstract In his chapter Marvin Goodfriend reports about his recent research on three different types of central bank activity: (i) the provision of emergency credit assistance to individual banks; (ii) last-resort lending in the case of a banking crisis; and (iii) nominal interest rate smoothing.

Keywords: Interest Rate; Monetary Policy; Price Level; Rational Expectation; Banking Crisis (search for similar items in EconPapers)
Date: 1993
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-23096-9_9

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DOI: 10.1007/978-1-349-23096-9_9

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