Handbook of Monetary Economics 3A
( Volume 3A )
Publication series ：Volume 3A
Author： Friedman Benjamin M.;Woodford Michael
Publisher： Elsevier Science
Publication year： 2010
E-ISBN: 9780080932705
P-ISBN(Paperback): 9780444532381
P-ISBN(Hardback): 9780444532381
Subject： F015 宏观经济学;F123.16 macroeconomic management
Language： ENG
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Description
What tools are available for setting and analyzing monetary policy?
World-renowned contributors examine recent evidence on subjects as varied as price-setting, inflation persistence, the private sector's formation of inflation expectations, and the monetary policy transmission mechanism. Stopping short of advocating conclusions about the ideal conduct of policy, the authors focus instead on analytical methods and the changing interactions among the ingredients and properties that inform monetary models. The influences between economic performance and monetary policy regimes can be both grand and muted, and this volume clarifies the present state of this continually evolving relationship.
- Explores the models and practices used in formulating and transmitting monetary policies
- Raises new questions about the volume, price, and availability of credit in the 2007-2010 downturn
- Questions fiscal-monetary connnections and encourages new thinking about the business cycle itself
- Observes changes in the formulation of monetary policies over the last 25 years
Chapter