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  • Online Resource  (2)
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  • 1
    UID:
    gbv_1831653621
    ISBN: 0444534709
    Content: This paper focuses on simple normative rules for monetary policy that central banks can use to guide their interest rate decisions. Such rules were first derived from research on empirical monetary models with rational expectations and sticky prices built in the 1970s and 1980s. During the past two decades substantial progress has been made in establishing that such rules are robust. They perform well with a variety of newer and more rigorous models and policy evaluation methods. Simple rules are also frequently more robust than fully optimal rules. Important progress has also been made in understanding how to adjust simple rules to deal with measurement error and expectations. Moreover, historical experience has shown that simple rules can work well in the real world in that macroeconomic performance has been better when central bank decisions were described by such rules. The recent financial crisis has not changed these conclusions, but it has stimulated important research on how policy rules should deal with asset bubbles and the zero bound on interest rates. Going forward, the crisis has drawn attention to the importance of research on international monetary issues and on the implications of discretionary deviations from policy rules.
    In: Handbook of monetary economics, San Diego, CA : North-Holland, 2011, (2010), Seite 829-859, 0444534709
    In: 9780444534705
    In: 9780444534712
    In: year:2010
    In: pages:829-859
    Language: English
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 2
    UID:
    gbv_1822234042
    Format: 1 Online-Ressource (1 video file 48 min., 51 sec.) , sound, color
    Uniform Title: Sonata in E Major, K. 380 (guitar version)
    Content: Inspired by master guitarist Andrés Segovia, whose revolutionary technique made the impossible seem achievable, jazz musician Len Williams began teaching his son John how to play classical guitar at a very young age. After studying with Segovia, John Williams would grow into an artist of staggering technical ability--a technician, indeed, to rival Segovia himself! This documentary by Christopher Nupen features revealing interviews with Williams, a glimpse into his collaborative process with composers Stephen Dodgson and Patrick Gowers, and a jaw-dropping 1971 concert from Ronnie Scott's, the legendary Soho jazz club. Williams, who chafes at the rigidity of the classical milieu, has made his career breaking down boundaries between classical music and other genres: he has worked consistently with jazz musicians and rock stars, like Pete Townshend of the Who, and even achieved Top 20 chart success with Stanley Myers's "Cavatina," the theme of The Deer Hunter
    Note: Sonata in E Major, K. 380 (guitar version) / , Leyenda (guitar version) / , Cavatina / , Scherzino Mexicano (guitar version) / , El Colibrí (The Hummingbird) / , Prelude No. 2 /
    Language: English
    Keywords: Webcast
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