Interest and prices : foundations of a theory of monetary policy / Michael Woodford Woodford, Michael

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Author
Woodford, Michael
Subjects
Monetary policy.; Monetary policy - Econometric models.; Business.
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.
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Read associated articles: Dynamic stochastic general equilibrium, Knut Wicksell, Macroeconomic model, Michael Woodford (economist), Microfoundations, New Keynesian economics
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https://trove.nla.gov.au/work/689609
Work ID
689609

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