Imperfect Knowledge and Monetary Policy
Normal Price: $170.00
Your Price: $153.00 AUD, inc. GST
Shipping: $7.95 per order
You Save: $17.00! (10% off normal price)
Plus...earn $7.65 in Boomerang Bucks
Availability: Available to Backorder, No Due Date for Supply
Imperfect Knowledge and Monetary Policy by Vitor Gaspar
Book DescriptionBased 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.
Buy Imperfect Knowledge and Monetary Policy book by Vitor Gaspar from Australia's Online Bookstore, Boomerang Books.
Book DetailsISBN: 9780521854863
(216mm x 138mm x 10mm)
Imprint: Cambridge University Press
Publisher: Cambridge University Press
Publish Date: 16-Feb-2006
Country of Publication: United Kingdom
Books By Author Vitor Gaspar
Euro, Hardback (April 2010)
The first book to provide a wide-ranging strategic review of the first decade of the euro.
Imperfect Knowledge and Monetary Policy, Paperback (February 2006)
An exploration of the problem of formulating monetary policy in practice.
Monetary Policy in the Euro Area, Paperback (July 2001)» View all books by Vitor Gaspar
A non-technical analysis of the monetary policy strategy, institutions and operational procedures of the Eurosystem, first published in 2001.
» Have you read this book? We'd like to know what you think about it - write a review about Imperfect Knowledge and Monetary Policy book by Vitor Gaspar and you'll earn 50c in Boomerang Bucks loyalty dollars (you must be a member - it's free to sign up!)
Author Biography - Vitor Gaspar
Otmar Issing is a member of the Executive Board, European Central Bank. Vitor 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.
Bestselling Books: Our Current Bestsellers | Australia's Hottest 1000 Books | Bestselling Fiction | Bestselling Crime Mysteries and Thrillers | Bestselling Non Fiction Books | Bestselling Sport Books | Bestselling Gardening and Handicrafts Books | Bestselling Biographies | Bestselling Food and Drink | Bestselling History | Bestselling Travel Books | Bestselling School Textbooks & Study Guides | Bestselling Children's General Non-Fiction | Bestselling Young Adult Fiction | Bestselling Children's Fiction | Bestselling Picture Books | Top 100 US Bestsellers
Phone: 1300 36 33 32 (9am-2pm Mon-Fri AEST) - International: +61 2 9960 7998 - Online Form
Address: Boomerang Books, 878 Military Road, Mosman Junction, NSW, 2088
© 2003-2016. All Rights Reserved. Eclipse Commerce Pty Ltd - ACN: 122 110 687 - ABN: 49 122 110 687
For every $20 you spend on books, you will receive $1 in Boomerang Bucks loyalty dollars. You can use your Boomerang Bucks as a credit towards a future purchase from Boomerang Books. Note that you must be a Member (free to sign up) and that conditions do apply.