The Science and Practice of Monetary Policy Today

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  • The Science and Practice of Monetary Policy Today Book Detail

  • Author : Volker Wieland
  • Release Date : 2009-12-01
  • Publisher : Springer Science & Business Media
  • Genre : Business & Economics
  • Pages : 140
  • ISBN 13 : 3642029531
  • File Size : 72,72 MB

The Science and Practice of Monetary Policy Today by Volker Wieland PDF Summary

Book Description: Bridging the theory and practice of monetary policy, this book presents aspects of the New-Keynesian theory of monetary policy and its implications for the practical decision-making of central bankers. It also outlines important lessons for policymakers.

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Interest and Prices

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With the collapse of the Bretton Woods system, any pretense of a connection of the world's currencies to any real commodity has been abandoned. Yet since the 19