Interest and prices : foundations of a theory of monetary policy /Michael Woodford
Material type: TextPublisher number: International Book Distributors | ;Flat No.17,Prakash Apartments,5 Ansari Road,New Delhi-110002Publication details: Princeton, N.J. ; Woodstock : Princeton University Press , ©2003Description: xv, 785 pages : illustrations ; 25 cmISBN: 9780691010496Subject(s): EconomicsGenre/Form: ;Monetary policyDDC classification: 332.46 WOOItem type | Current library | Call number | Status | Date due | Barcode | Item holds |
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Books | SNU LIBRARY | 332.46 WOO (Browse shelf(Opens below)) | Available | 27376 |
The return of monetary rules --
Price-level determination under interest-rate rules --
Optimizing models with nominal rigidities --
A neo-Wicksellian framework for the analysis of monetary policy --
Dynamics of the response to monetary policy --
Inflation stabilization and welfare --
Gains from commitment to a policy rule --
Optimal monetary policy rules.
Interest and Prices seeks to provide theoretical foundations for a rule-based approach to monetary policy suitable for a world of instant communications and ever more efficient financial markets. In such a world, effective monetary policy requires that central banks construct a conscious and articulate account of what they are doing. Michael Woodford reexamines the foundations of monetary economics, and shows how.
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