ISBN: 9780521671071 - imperfect knowledge and monetary policy (stone lectures in economics) (7 Ergebnisse)

paperback. Zustand: Very Good. Paperback in very good condition. CM. Used.

Zustand: Good. This is an ex-library book and may have the usual library/used-book markings inside.This book has soft covers. In good all round condition. Please note the Image in this listing is a stock photo and may not match the covers of the actual item,300grams, ISBN:9780521671071.

Zustand: New. This is a Brand-new US Edition. This Item may be shipped from US or any other country as we have multiple locations worldwide.

Zustand: New. In English.

Zustand: New. An exploration of the problem of formulating monetary policy in practice. Series Editor(s): Weale, Martin. Series: Stone Lectures in Economics. Num Pages: 152 pages, 1 table. BIC Classification: KCBM; KCL. Category: (P) Professional & Vocational. Dimension: 216 x 138 x 8. Weight in Grams: 190. . 2006. Illustrated. paperback. . . . . Books ship from the US and Ireland.…

Paperback. Zustand: Brand New. 138 pages. 8.25x5.25x0.25 inches. In Stock.

Taschenbuch. Zustand: 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.…