Contacto
Como comprar
Entrega
Guia de compras
Imperfect Knowledge and Monetary Policy
Inglês
286 b
Até 30 dias para devoluções
Os clientes também compraram
/
Capa mole
15.26
€
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.
Sobre o livro
Inglês
Ofereça este livro hoje
É fácil
1 Adicione ao carrinho e escolha Entregar como presente ao finalizar a compra 2 Receberá um vale 3 O livro chegará ao endereço do destinatárioTambém pode estar interessado em
/
Capa mole
24.07
€
/
Livro de capa dura
182.68
€
/
Capa mole
46.93
€
/
Capa mole
7.27
€
/
Capa mole
145.96
€
Olá! Sou o Libroamiko, o seu conselheiro de livros.
Como posso ajudar?