Description |
vii, 332 pages : illustrations ; 24 cm |
Contents |
Pt. 1 Imperfect Information, Responses to Shocks, and Credibility Issues -- 1 Introduction, Part 1 -- 2 A basic model and some early results -- 3 The strategy of monetary policy: targets, instruments and information variables -- 4 A variable price level, supply shocks and rational expectations -- 5 Optimal monetary and exchange rate policy in the open economy -- 6 Monetary policy credibility -- Pt. 2 Recent Developments in Monetary Policy -- 7 Introduction, Part 2 -- 8 The Phillips Curve: recent incarnations -- 9 The forward-looking model: the closed economy -- 10 The forward-looking model: additional topics -- 11 The forward-looking model: the open economy -- 12 The New Keynesian model: the backward-looking case |
Summary |
"Economists in academia and in policymaking organizations who want to learn about recent developments in the area of optimal monetary policy, as well as graduate and advanced undergraduate students in macroeconomic and monetary economics, will find this volume a clear and thorough examination of the topic."--BOOK JACKET |
Notes |
Includes index |
Bibliography |
Includes bibliographical references (pages 307-321) and index |
Subject |
Monetary policy -- Mathematical models.
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Uncertainty.
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Mathematical optimization.
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Author |
Guender, Alfred V.
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LC no. |
2007931144 |
ISBN |
1845429648 hardback |
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9781845429645 hardback |
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9781845429645 hardback |
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