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Handbook of Monetary Economics
Handbook of Monetary Economics
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Handbook of Monetary Economics

Benjamin M. Friedman, Michael Woodford
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📖 Book - PDF

Handbook of Monetary Economics

Benjamin M. Friedman, Michael Woodford
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About This Book

What are the goals ofmonetary policy and how are they transmitted?

Top scholars summarize recent evidence on the roles of money in the economy, the effects ofinformation, and the growing importance of nonbank financial institutions. Their investigations lead to questions about standard presumptions about the rationality of asset markets and renewed interest in fiscal-monetary connections. Stopping short of advocating conclusions about the ideal conduct of policy, the authors focus instead on analytical methods and the changing interactions among the ingredients and properties that inform monetary models. The influences between economic performance and monetary policy regimes can be both grand and muted, and this volume clarifies the present state of this continually evolving relationship.

  • Presents extensive coverage of monetary policy theories with an eye toward questions raised by the recent financial crisis
  • Explores the ingredients, properties, and implications of models that inform monetary policy
  • Observes changes in the formulation of monetary policies over the last 25 years
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Information

Publisher
Elsevier Science
Year
2010
ISBN
9780444534552
Topic
Economics
Subtopic
Macroeconomics

Table of contents