Introduction

Jacob Bjorheim (jacob.bjorheim@bf.uzh.ch)
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Jacob Bjorheim: University of Zurich

Chapter Chapter 1 in Asset Management at Central Banks and Monetary Authorities, 2020, pp 1-14 from Springer

Abstract: Abstract Central banks and monetary authorities are public sector institutions, established by law, and given specific mandates to fulfill. Of these mandates, monetary policy is the primitive. It is conducted to keep the real economy growing, level of employment high, long-term interest rates moderate, inflation low, and the financial system stable. Everything else the central bank does is subsumed under this monetary policy mandate.

Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-43457-1_1

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DOI: 10.1007/978-3-030-43457-1_1

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