by Michael Woodford (Author)
Offers theoretical foundations for a rule-based approach to monetary policy for a world of communications and efficient financial markets. This book examines the foundations of monetary economics, showing how interest-rate policy can be used to achieve an inflation target in the absence of either commodity control of a monetary aggregate.
Format: Illustrated
Pages: 808
Edition: Illustrated
Publisher: Princeton University Press
Published: 07 Sep 2003
ISBN 10: 0691010498
ISBN 13: 9780691010496