Buku Teks :: Kembali

Buku Teks :: Kembali

Interest and prices: foundations of a theory of monetary policy

Michael Woodford (Princeton University Press, 2003)
 Abstrak
"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 world, effective monetary policy requires that central banks construct a conscious and articulate account of what they are doing. Michael Woodford reexamines the foundations of monetary economics, and shows how interest-rate policy can be used to achieve an inflation target in the absence of either commodity backing or control of a monetary aggregate."
"The book further shows how the tools of modern macroeconomic theory can be used to design an optimal inflation-targeting regime--one that balances stabilization goals with the pursuit of price stability in a way that is grounded in an explicit welfare analysis, and that takes account of the "New Classical" critique of traditional policy evaluation exercises. It thus argues that rule-based policymaking need not mean adherence to a rigid framework unrelated to stabilization objectives for the sake of credibility, while at the same time showing the advantages of rule-based over purely discretionary policymaking." -- BOOK JACKET.
 Metadata
No. Panggil : 332.46 WOO i
Nama orang :
Subjek :
Penerbitan : Princeton, N.J.: Princeton University Press, 2003
ISBN 9780691010496
Sumber Pengatalogan LibUI eng rda
Tipe Konten text
Tipe Media unmediated
Tipe Carrier volume
Edisi
Deskripsi Fisik xv, 785 pages : illustrations ; 23 cm
Catatan Bibliografi pages 6747-764
Catatan Seri
Catatan Umum includes bibliographical references and index
Catatan Versi Asli
Lembaga Pemilik Universitas Indonesia
Lokasi Perpustakaan UI, Lantai 2
  • Ketersediaan
  • Ulasan
  • Sampul
No. Panggil No. Barkod Ketersediaan
332.46 WOO i 01-17-02216 TERSEDIA
Ulasan:
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