An exploration of the problem of formulating monetary policy in practice.
Les informations fournies dans la section « Synopsis » peuvent faire référence à une autre édition de ce titre.
Otmar Issing is a member of the Executive Board, European Central Bank.
Vítor Gaspar is Special Advisor, Banco de Portugal.
Oreste Tristani is Principal Economist, DG Research, European Central Bank.
David Vestin is Economist, DG Research, European Central Bank.
Les informations fournies dans la section « A propos du livre » peuvent faire référence à une autre édition de ce titre.
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Hardcover. Etat : Brand New. 138 pages. 8.50x5.50x0.50 inches. In Stock. This item is printed on demand. N° de réf. du vendeur __0521854865
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Hardcover. Etat : new. Hardcover. 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. The first lecture highlights the limitations of decision rules suggested by the academic literature and recommends an approach involving, first, a firm reliance on the few fundamental and robust results of monetary economics and, secondly, a pragmatic attitude to policy implementation, taking into consideration lessons from central banking experience. The second lecture revisits Milton Friedman's questions about the effects of active stabilization policies on business cycle fluctuations. It explores the implications of a simple model where the policy maker has imperfect knowledge about potential output and the private sector forms expectations according to adaptive learning. This lecture shows that imperfect knowledge limits the scope for active stabilization policy and strengthens the case for conservatism. This book discusses the problem of formulating monetary policy in practice, under the uncertain circumstances which characterize the real world. Key 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. This item is printed on demand. Shipping may be from multiple locations in the US or from the UK, depending on stock availability. N° de réf. du vendeur 9780521854863
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Etat : New. An exploration of the problem of formulating monetary policy in practice. Series: Stone Lectures in Economics. Num Pages: 152 pages, 1 table. BIC Classification: KCBM; KCL. Category: (P) Professional & Vocational. Dimension: 216 x 138 x 10. Weight in Grams: 330. . 2006. hardcover. . . . . N° de réf. du vendeur V9780521854863
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Hardcover. Etat : new. Hardcover. 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. The first lecture highlights the limitations of decision rules suggested by the academic literature and recommends an approach involving, first, a firm reliance on the few fundamental and robust results of monetary economics and, secondly, a pragmatic attitude to policy implementation, taking into consideration lessons from central banking experience. The second lecture revisits Milton Friedman's questions about the effects of active stabilization policies on business cycle fluctuations. It explores the implications of a simple model where the policy maker has imperfect knowledge about potential output and the private sector forms expectations according to adaptive learning. This lecture shows that imperfect knowledge limits the scope for active stabilization policy and strengthens the case for conservatism. This book discusses the problem of formulating monetary policy in practice, under the uncertain circumstances which characterize the real world. Key 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. This item is printed on demand. Shipping may be from our UK warehouse or from our Australian or US warehouses, depending on stock availability. N° de réf. du vendeur 9780521854863
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Gebunden. Etat : New. Dieser Artikel ist ein Print on Demand Artikel und wird nach Ihrer Bestellung fuer Sie gedruckt. This book discusses the problem of formulating monetary policy in practice, under the uncertain circumstances which characterize the real world. Key questions are discussed both with reference to the experience of the Bundesbank and of the European Central . N° de réf. du vendeur 446950686
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Hardcover. Etat : Brand New. 138 pages. 8.50x5.50x0.50 inches. In Stock. N° de réf. du vendeur x-0521854865
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Etat : New. An exploration of the problem of formulating monetary policy in practice. Series: Stone Lectures in Economics. Num Pages: 152 pages, 1 table. BIC Classification: KCBM; KCL. Category: (P) Professional & Vocational. Dimension: 216 x 138 x 10. Weight in Grams: 330. . 2006. hardcover. . . . . Books ship from the US and Ireland. N° de réf. du vendeur V9780521854863
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