Handbook of Monetary Economics 3A
- Benjamin Friedman, Harvard University, Cambridge, MA, USA
- Michael Woodford, Columbia University, New York, NY, USA
What tools are available for setting and analyzing monetary policy?
World-renowned contributors examine recent evidence on subjects as varied as price-setting, inflation persistence, the private sector's formation of inflation expectations, and the monetary policy transmission mechanism. 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.
Graduate students through professionals worldwide working in all fields of economics and finance, and particularly in subfields related to labor economics.