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""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."

"Untuk meningkatkan perdangan intra-OKI, IDB telah mengimplementasikan kegiatan pembiayaan perdangan. Penelitian ini mencoba menganalisis faktor-faktor yang mempengaruhi perdangan intra-OKI dan dampak dari pembiayaan perdangan oleh IDB terhadap perdagangan intra-OKI. Menggunakan model gravitasi baik secara intuitif dan teoritis, penelitian ini mengobservasi 18 negara OKI dari tahun 2000 sampai 2014. Penelitian ini menemukan bahwa GDP, jarak antardua negara, pembiayaan perdagangan oleh IDB, kesamaan bahasa, negara dengan kesamaan penjajah, negara dengan hubungan penjajah dan dijajah, negara yang tidak berbatasan dengan laut, negara yang saling bertetangga, kejadian Arab Spring dan Asia sebagai PTA merupakan faktor yang signifikan dalam menentukan ekspor. Penelitian berfokus untuk menghasilakan output yang dapat digunakan oleh negara anggota OKI dan IDB untuk merencanakan skema pembiayaan perdagangan yang dapat meningkatkan perdagangan intra-OKI.

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To increase intra-OIC trade, IDB has been implementing trade finance activities. This study tries to shed a light the determinants of intra-OIC trade and the impact of IDB trade financing on intra-OIC trade. Using gravity model both the intuitive and the theoretical one, this study observes eighteen OIC countries from 2000 until 2014. This study finds that GDP, distance of two capitals, IDB trade financing, common language, common colony, colony, landlocked, contiguous, the Arab Spring events and Asian as PTA are statistically significant factors in determining export. This study focuses on having output that reliable for OIC member countries and IDB to develop a trade financing scheme that can increase intra-OIC trade."