Optimal Monetary Policy Under Uncertainty - Softcover

Richard T. Froyen; Alfred V. Guender

4.17

12 ratings by Goodreads

9781848443440: Optimal Monetary Policy Under Uncertainty

Softcover

ISBN 10: 1848443447 ISBN 13: 9781848443440

Publisher: Edward Elgar Publishing Ltd, 2008

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Optimal Monetary Policy Under Uncertainty Offers a survey of the literature on the New Keynesian approach to optimal monetary policy in the context of the earlier literature. This book emphasizes the relationship between policy decisions and the information set available to the policymaker. It is suitable for graduate and undergraduate students in macroeconomic and monetary economics.

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Review:

'In Optimal Monetary Policy Under Uncertainty, academicians and economists Richard T. Froyen and Alfred V. Guender have collaborated on presenting an informed and informative survey of optimal monetary policy literature arising during the 1970s and 1980s as a ground work for understanding current market and other economic influences on such germane issues as discretion versus commitment, target versus instrument rules, and the delegation of policy making authority within the private and public sectors. With meticulous attention to scholarship and objectivity... Optical Monetary Policy Under Uncertainty is a thoughtful and thought-provoking body of work that is very strongly recommended for professional, academic, corporate and governmental economic reference collections and supplemental reading lists.' --Midwest Book Review

Froyen and Guender have provided a thorough and careful analysis of optimal monetary policy over most of the range of theoretical models that have been used in modern macroeconomics. By providing a comprehensive and clear comparative framework they will help the student of monetary policy understand why there have been conflicting views of what policy makers should do. --Central Banking

From the Author:

Richard T. Froyen, Professor Emeritus, Department of Economics, University of North Carolina at Chapel Hill, US and Alfred V. Guender, Associate Professor, Department of Economics and Finance, University of Canterbury, New Zealand

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