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Interest and Prices
Michael Woodford
€ 128.95
€ 98.01
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Description for Interest and Prices
Hardcover. 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. Num Pages: 808 pages, 42 line illus. 6 tables. BIC Classification: KCBM. Category: (P) Professional & Vocational; (U) Tertiary Education (US: College). Dimension: 239 x 167 x 47. Weight in Grams: 1282.
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 world, effective monetary policy requires ... Read more
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 world, effective monetary policy requires ... Read more
Product Details
Publisher
Princeton University Press United States
Number of pages
808
Format
Hardback
Publication date
2003
Condition
New
Weight
1264g
Number of Pages
808
Place of Publication
New Jersey, United States
ISBN
9780691010496
SKU
V9780691010496
Shipping Time
Usually ships in 7 to 11 working days
Ref
99-1
About Michael Woodford
Michael Woodford is the Harold H. Helm '20 Professor of Economics and Banking at Princeton University. He is the coeditor, with John B. Taylor, of "The Handbook of Macroeconomics".
Reviews for Interest and Prices
Winner of the 2003 Award for Best Professional/Scholarly Book in Economics, Association of American Publishers