UID:
almafu_9959828287002883
Format:
1 online resource (vii, 332 p.) :
,
ill.
ISBN:
9781847208644 (e-book)
Content:
Recently there has been a resurgence of interest in the study of optimal monetary policy under uncertainty. This book provides a thorough survey of the literature that has resulted from this renewed interest. The authors ground recent contributions on the 'science of monetary policy' in the literature of the 1970s, which viewed optimal monetary policy as primarily a question of the best use of information, and studies in the 1980s that gave primacy to time inconsistency problems. This broad focus leads to a better understanding of current issues such as discretion versus commitment, target versus instrument rules, and the merits of delegation of policy authority.
Note:
pt. 1. Imperfect information, responses to shocks, and credibility issues -- pt. 2. Recent developments in monetary policy.
Additional Edition:
ISBN 9781845429645 (hardback)
Additional Edition:
ISBN 9781848443440 (pbk.)
Additional Edition:
ISBN 1845429648
Language:
English
Subjects:
Economics
Keywords:
Electronic books.
;
Electronic books.
URL:
https://www.elgaronline.com/view/9781845429645.xml
URL:
Deutschlandweit zugänglich
URL:
Deutschlandweit zugänglich
URL:
FULL
((Currently Only Available on Campus))
URL:
https://www.elgaronline.com/view/9781845429645.xml