Imperfect Knowledge and Monetary Policy
(Part of the The Stone Lectures in Economics Series)
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Book Overview
Based on lectures given as part of The Stone Lectures in Economics, this book discusses the problem of formulating monetary policy in practice, under the uncertain circumstances which characterize the real world. How should central banks set monetary policy? In which way should they take uncertainty into account when designing a monetary policy strategy? Should they respond to shocks aggressively or cautiously? These questions are discussed both with reference to the experience of the Bundesbank and of the European Central Bank and in relation to a simple stylized economic model.
Format:Paperback
Language:English
ISBN:0521671078
ISBN13:9780521671071
Release Date:February 2006
Publisher:Cambridge University Press
Length:152 Pages
Weight:0.48 lbs.
Dimensions:0.4" x 5.6" x 8.5"
Related Subjects
Business Business & Investing Economics Political Science Politics & Social SciencesCustomer Reviews
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