Arbeitspapier

The Eurosystem, the US Federal Reserve and the Bank of Japan: similarities and differences

The paper provides a systematic comparison of the Eurosystem, the US Federal Reserve and the Bank of Japan. These monetary authorities exhibit somewhat different status and tasks, which reflect different historical conditions and national characteristics. However, widespread changes in central banking practices in the direction of greater independence and increased transparency, as well as changes in the economic and financial environment over the past 15-20 years, have contributed to reduce the differences among these three world’s principal monetary authorities. A comparison based on simple “over-the-counter” policy reaction functions shows no striking differences in terms of monetary policy implementation.

Sprache
Englisch

Erschienen in
Series: ECB Working Paper ; No. 742

Klassifikation
Wirtschaft
Money and Interest Rates: General
Monetary Policy
Central Banks and Their Policies
Thema
central banks and their policies
monetary policy
monetary policy committees
Zentralbank
Geldpolitik
EU-Staaten
USA
Japan

Ereignis
Geistige Schöpfung
(wer)
Gerdesmeier, Dieter
Mongelli, Francesco Paolo
Roffia, Barbara
Ereignis
Veröffentlichung
(wer)
European Central Bank (ECB)
(wo)
Frankfurt a. M.
(wann)
2007

Handle
Letzte Aktualisierung
10.03.2025, 11:45 MEZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Arbeitspapier

Beteiligte

  • Gerdesmeier, Dieter
  • Mongelli, Francesco Paolo
  • Roffia, Barbara
  • European Central Bank (ECB)

Entstanden

  • 2007

Ähnliche Objekte (12)