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Interest and prices : foundations of a theory of monetary policy /Michael Woodford

By: Michael WoodfordContributor(s): Michael WoodfordMaterial type: Text

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 WOO

Contents:

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.

Summary: 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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Item type	Current library	Call number	Status	Date due	Barcode	Item holds
Books	SNU LIBRARY	332.46 WOO (Browse shelf(Opens below))	Available		27376

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Previous	332.45 DIC Forex made easy	332.45 HOM Managing global financial and foreign exchange rate risk	332.4562 MAC Floating exchange rates	332.46 WOO Interest and prices	332.4954 DEB Demonetisation	332.4967 GUY Marginal gains	332.500 TRA The Science of Money : Increase your Income and Become Wealthy.	Next

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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