Broken Ladder: Was Monetary Policy Effective?

Iwan J. Azis ()
Additional contact information
Iwan J. Azis: Cornell University, Dyson School of Applied Economics

Chapter Chapter 5 in Monetary Whispers Across Space, 2026, pp 77-92 from Springer

Abstract: Abstract The main goal of monetary policy is to achieve economic stability and growth with certain targets to meet using a variety of monetary tools. Price stability is the most conventional goal where the target is to keep inflation at a certain level or within a specified range. The purpose is to protect the purchasing power of money and to enable businesses to make plans with more certainty. Related to price stability is exchange rate stability, because high inflation can be triggered by currency instability. Having a stable exchange rate allows monetary authority to better control inflation and achieve other macroeconomic goals using monetary tools such as interest rates. The stability of the price and exchange rate also helps maintain the social stability and cohesion needed for business and economic activities to operate without disruptions or disturbances due to unrest.

Date: 2026
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-95-4625-1_5

Ordering information: This item can be ordered from
http://www.springer.com/9789819546251

DOI: 10.1007/978-981-95-4625-1_5

Access Statistics for this chapter

More chapters in Springer Books from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().