User:Nick Gardner /Sandbox: Difference between revisions

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<ref>[http://www.bankofengland.co.uk/monetarypolicy/framework.htm ''Monetary Policy Framework'', Bank of England, 2009]</ref>
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==Index and Glossary==
There is an index to the topics dealt with in the economics articles [[Economics/Related Articles|here]], and a glossary of economic terms [[Economics/Glossary|here]].


<ref>[http://unpan1.un.org/intradoc/groups/public/documents/APCITY/UNPAN018308.pdf Arzu Çetinkaya and' Devrim Yavuz'Calculation of the Output-Inflation Sacrifice Ratio: The Case of Turkey'', The Central Bank of the Republic of Turkey, October 2002]</ref>
See also the  [[Politics/Index|'''index to the politics articles ''']].


<ref>[http://papers.ssrn.com/sol3/papers.cfm?abstract_id=186368 Laurence Boone and Benoit Mojon: ''Sacrifice Ratio in Europe: A Comparison of France, Germany, Italy and the U.K.'', (Available at SSRN) 1999]</ref>
[[User:Nick_Gardner#Methodology|methodology]]


<ref>[http://economia.unipv.it/pagp/pagine_personali/gascari/macro/ball_sacrifice%20ratio.pdf Laurence Ball: ''What Determines the Sacrifice Ratio?'', National Bureau of Economic Research, 1994]</ref>
{|align="right" cellpadding="10" style="background-color:#FFFFCC; width:40%; border: 1px solid #aaa; margin:20px; font-size: 92%;"
|"''The European Union is something ...
very precious, not only for us in Europe, but also for the rest of the world. Because the European Union is, in fact, the result of a project for peace that brought together nations emerging from the ruins of the Second World War. It was the European Union that united them in peace around the values of respect for human dignity, freedom, democracy, justice, rule of law and respect for human rights.''"


<ref>[http://www.house.gov/jec/fed/fed/transpar.htm Robert E. Keleher: ''Transparency and Federal Reserve Monetary Policy '', United States Congress Joint Economic Committee, November 1997]</ref>
:Merci Olsson, of Nobel Med, congratulating  President Barroso on the award of The Nobel Peace Prize t the European Union, 12 October 2012.
 
|}
<ref>[http://www.federalreserve.gov/generalinfo/faq/faqfomc.htm ''Federal Open Market Committee: Frequently Asked Questions'', Federal Reserve Board, 2009]</ref>
 
 
 
The mechanism to move the market towards a 'target rate' (whichever specific rate is used) is generally to lend money or borrow money in theoretically unlimited quantities, until the targeted market rate is sufficiently close to the target. Central banks may do so by lending money to and borrowing money from (taking deposits from) a limited number of qualified banks, or by purchasing and selling bonds.
 
A typical central bank has several interest rates or monetary policy tools it can set to influence markets.
 
* Marginal lending rate (currently 1.75% in the Eurozone) – a fixed rate for institutions to borrow money from the central bank. (In the USA this is called the discount rate).
* Main refinancing rate (1.00% in the Eurozone) – the publicly visible interest rate the central bank announces. It is also known as minimum bid rate and serves as a bidding floor for refinancing loans. (In the USA this is called the federal funds rate).
* Deposit rate (0.25% in the Eurozone) – the rate parties receive for deposits at the central bank.
 
These rates directly affect the rates in the money market, the market for short term loans.
 
[edit] Open market operations
 
 
 
 
 
<references/>

Latest revision as of 03:28, 22 November 2023


The account of this former contributor was not re-activated after the server upgrade of March 2022.


Index and Glossary

There is an index to the topics dealt with in the economics articles here, and a glossary of economic terms here.

See also the index to the politics articles .

methodology

"The European Union is something ...
very precious, not only for us in Europe, but also for the rest of the world. Because the European Union is, in fact, the result of a project for peace that brought together nations emerging from the ruins of the Second World War. It was the European Union that united them in peace around the values of respect for human dignity, freedom, democracy, justice, rule of law and respect for human rights."
Merci Olsson, of Nobel Med, congratulating President Barroso on the award of The Nobel Peace Prize t the European Union, 12 October 2012.