Interest and Prices : Foundations of a Theory of Monetary Policy

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With the collapse of the Bretton Woods system, any pretense of a connection of the world's currencies to any real commodity has been abandoned. Yet since the 1980s, most central banks have abandoned money-growth targets as practical guidelines for monetary policy as well. How then can pure &quo...

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Detalles Bibliográficos
Autor principal: Woodford, Michael
Formato: Electrónico eBook
Idioma:Inglés
Publicado: Princeton : Princeton University Press, 2009.
Colección:Book collections on Project MUSE.
Temas:
Interêt (Économie)
Politique monetaire.
Taux d'interêt.
Modele macroeconomique.
Theorie monetaire.
Prix.
Política monetária.
Monetaire theorie.
Monetaire politiek.
Preiselastizität
Zins
Preisstabilität
Geldtheorie
Geldpolitik
Monetary policy.
Macroeconomie.
prices.
Politique economique.
Prices.
Interest.
Economic policy.
Electronic books.
Acceso en línea:Texto completo
Descripción
Sumario:With the collapse of the Bretton Woods system, any pretense of a connection of the world's currencies to any real commodity has been abandoned. Yet since the 1980s, most central banks have abandoned money-growth targets as practical guidelines for monetary policy as well. How then can pure "fiat" currencies be managed so as to create confidence in the stability of national units of account?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 w
Descripción Física:1 online resource.
ISBN:9781400830169

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