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Handbook of Monetary Economics 3A

1st Edition, Volume 3A - November 17, 2010

Editors: Benjamin M. Friedman, Michael Woodford

Language: English
Hardback ISBN:
9 7 8 - 0 - 4 4 4 - 5 3 2 3 8 - 1
eBook ISBN:
9 7 8 - 0 - 0 8 - 0 9 3 2 7 0 - 5

What tools are available for setting and analyzing monetary policy? World-renowned contributors examine recent evidence on subjects as varied as price-setting, inflation… Read more

Handbook of Monetary Economics 3A

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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.