Interest and Prices: Foundations of a Theory of Monetary Policy

Interest and Prices: Foundations of a Theory of Monetary Policy

by Michael Woodford (Author)

Synopsis

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.

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More Information

Format: Illustrated
Pages: 808
Edition: Illustrated
Publisher: Princeton University Press
Published: 07 Sep 2003

ISBN 10: 0691010498
ISBN 13: 9780691010496