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Interest and prices : foundations of a theory of monetary policy / Michael Woodford.
- Format:
- Book
- Author/Creator:
- Woodford, Michael, 1955- author.
- Language:
- English
- Subjects (All):
- Monetary policy.
- Physical Description:
- 1 online resource (804 p.)
- Place of Publication:
- Princeton ; Oxford : Princeton University Press, [2003]
- Language Note:
- English
- Summary:
- With the collapse of the Bretton Woods system, any pretense of a connection of the world's currencies to any real commodity has been abandoned. Yet since the 1980s, most central banks have abandoned money-growth targets as practical guidelines for monetary policy as well. How then can pure "fiat" currencies be managed so as to create confidence in the stability of national units of account?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 w
- Contents:
- COVER; TITLE; COPYRIGHT; CONTENTS; PREFACE; 1 The Return of Monetary Rules; PART I: Analytical Framework; PART II: Optimal Policy; APPENDIXES; REFERENCES; INDEX.
- Notes:
- Description based upon print version of record.
- Includes bibliographical references (pages 747-764) and index.
- Description based on print version record.
- ISBN:
- 9786612935602
- 9781282935600
- 1282935607
- 9781400830169
- 1400830168
- OCLC:
- 699474640
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