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Synopsis
An exploration of the problem of formulating monetary policy in practice.
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About the Authors
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.
"About this title" may belong to another edition of this title.
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Imperfect Knowledge and Monetary Policy (The Stone Lectures in Economics)
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ISBN 13: 9780521854863
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Imperfect Knowledge and Monetary Policy (The Stone Lectures in Economics)
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Cambridge University Press, 2006
ISBN 10: 0521854865
ISBN 13: 9780521854863
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Condition: 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. . . . . Seller Inventory # V9780521854863
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Imperfect Knowledge and Monetary Policy
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ISBN 10: 0521854865
ISBN 13: 9780521854863
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Imperfect Knowledge and Monetary Policy (Hardcover)
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ISBN 10: 0521854865
ISBN 13: 9780521854863
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Hardcover. Condition: 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. Seller Inventory # 9780521854863
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Imperfect Knowledge and Monetary Policy
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Imperfect Knowledge and Monetary Policy
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Cambridge University Press, 2015
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Gebunden. Condition: 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 . Seller Inventory # 446950686
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Imperfect Knowledge and Monetary Policy (The Stone Lectures in Economics)
Published by
Cambridge University Press, 2006
ISBN 10: 0521854865
ISBN 13: 9780521854863
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Condition: 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. Seller Inventory # V9780521854863
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IMPERFECT KNOWLEDGE AND MONETARY POLICY (HB 2006)
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Condition: New. Brand New! Fast Delivery This is an International Edition and ship within 24-48 hours. Deliver by FedEx and Dhl, & Aramex, UPS, & USPS and we do accept APO and PO BOX Addresses. Order can be delivered worldwide within 6-10 days and we do have flat rate for up to 2LB. Extra shipping charges will be requested if the Book weight is more than 5 LB. This Item May be shipped from India, United states & United Kingdom. Depending on your location and availability. Seller Inventory # Cvs 9780521854863
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Imperfect Knowledge and Monetary Policy
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ISBN 10: 0521854865
ISBN 13: 9780521854863
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Buch. Condition: Neu. Imperfect Knowledge and Monetary Policy | Vítor Gaspar (u. a.) | Buch | Gebunden | Englisch | 2015 | Cambridge University Press | EAN 9780521854863 | Verantwortliche Person für die EU: Libri GmbH, Europaallee 1, 36244 Bad Hersfeld, gpsr[at]libri[dot]de | Anbieter: preigu Print on Demand. Seller Inventory # 102226056
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Imperfect Knowledge and Monetary Policy
Published by
Cambridge University Press, 2006
ISBN 10: 0521854865
ISBN 13: 9780521854863
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Buch. Condition: Neu. Druck auf Anfrage Neuware - Printed after ordering - 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. Seller Inventory # 9780521854863