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Interest and Prices: Foundations of a Theory of Monetary Policy
by Michael Woodford
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Interest and Prices Foundations of a Theory of Monetary This item Interest and Prices Foundations of a Theory of Monetary Policy by Michael Woodford Hardcover 8776 In stock Monetary Policy Inflation and the Business Cycle An Introduction to the New Keynesian Framework… by Jordi Galí Hardcover 4530 Interest and Prices Foundations of a Theory of Monetary Interest and Prices Foundations of a Theory of Monetary Policy Kindle edition by Michael Woodford Download it once and read it on your Kindle device PC phones or tablets Use features like bookmarks note taking and highlighting while reading Interest and Prices Foundations of a Theory of Monetary Policy INTEREST AND PRICES FOUNDATIONS OF A THEORY OF MONETARY INTEREST AND PRICES FOUNDATIONS OF A THEORY OF MONETARY POLICY Volume 9 Issue 3 Michael Woodford CARL E WALSH Skip to main content Accessibility help We use cookies to distinguish you from other users and to provide you with a better experience on our websites Woodford M Interest and Prices Foundations of a Theory Interest and Prices Foundations of a Theory of Monetary Policy Michael Woodford It thus argues that rulebased policymaking need not mean adherence to a rigid framework unrelated to stabilization objectives for the sake of credibility while at the same time showing the advantages of rulebased over purely discretionary policymaking 9780691010496 Interest and Prices Foundations of a Interest and Prices seeks to provide theoretical foundations for a rulebased 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 Interest and Prices Foundations of a Theory of Monetary For many decades the monetary policy theory literature was focused on the implications of the interestelasticity of money demand and the role this played in determining the e¤ectiveness of Interest and Prices Foundations of a Theory of Monetary Interest and Prices Foundations of a Theory of Monetary Policy Michael Woodford Princeton Princeton University Press 2003 785 pp The title of Michael Woodford’s book is not an accidental echoing of the 1898 work by the great Swedish economist Knut Wicksell In fact the book begins with a quotation from Wicksell’s earlier work that contends Interest and Prices Foundations of a Theory of Monetary Interest and Prices Foundations of a Theory of Monetary Policy It thus argues that rulebased policymaking need not mean adherence to a rigid framework unrelated to stabilization objectives for the sake of credibility while at the same time showing the advantages of rulebased over purely discretionary policymaking Interest and Prices Foundation of a Theory of Monetary Interest and Prices seeks to provide theoretical foundations for a rulebased approach to monetary policy suitable for a world of instant communications and ever more efficient financial markets
