The Science and Practice of Monetary Policy Today
The Deutsche Bank Prize in Financial Economics 2007
This book presents important aspects of the New-Keynesian theory of monetary policy and its implications for the practical decision-making of central bankers today. Bridging the theory and practice of monetary policy, it provides an exposition on the key elements of the New-Keynesian approach, outlines important lessons for policymakers, and points to new directions for further research. Important policy implications of the New-Keynesian approach such as the case for forecast targeting as a strategy for monetary policy, the combination of model-based forecasts with cyclical analysis, and strategies for cross-checking model-based policy recomm…
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Produktdetails
- ISBN: 978-3-642-02953-0
- EAN: 9783642029530
- Produktnummer: 12830555
- Verlag: Springer
- Sprache: Englisch
- Erscheinungsjahr: 2009
- Seitenangabe: 146 S.
- Plattform: PDF
- Masse: 23'277 KB
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