Imperfect knowledge and monetary policy Issing, Otmar

By:

Issing, Otmar

Contributor(s):

Series: The Stone Lectures in EconomicsPublication details: Cambridge Cambridge University Press 2005Description: xi, 138 pISBN:

9780521671071

Subject(s):

Monetary policy

DDC classification:

332.46

Summary: 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.

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Holdings
Item type	Current library	Call number	Status	Date due	Barcode	Item holds
Book	Ahmedabad	332.46 I8I6 (Browse shelf(Opens below))	Available		161289

Total holds: 0

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.

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