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Handbook of monetary economics: vol 3B

Contributor(s): Friedman, Benjamin M | Woodford, MichaelMaterial type: TextTextPublication details: Amsterdam North Holland 2011 Description: Various pagesISBN: 9780444534545Subject(s): Monetary policy | MoneyDDC classification: 332.4 Summary: Description What are the goals of monetary policy and how are they transmitted? Top scholars summarize recent evidence on the roles of money in the economy, the effects of information, 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. Key Features 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
List(s) this item appears in: Public Policy & General Management
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Item type Current library Collection Call number Copy number Status Date due Barcode
Book Book Indian Institute of Management LRC
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Reference 332.4 FRI (Browse shelf(Opens below)) 1 Checked out 10/12/2024 001258

Description
What are the goals of monetary policy and how are they transmitted?

Top scholars summarize recent evidence on the roles of money in the economy, the effects of information, 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.

Key Features
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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