ISBN:
9781847208644
Sprache:
Englisch
Seiten:
1 Online-Ressource (vii, 332 p)
,
ill
Serie:
Edward Elgar E-Book Archive
Paralleltitel:
Available in another form
Paralleltitel:
Erscheint auch als Froyen, Richard T. Optimal monetary policy under uncertainty
Schlagwort(e):
Geldpolitik
;
Risiko
;
Mathematische Optimierung
;
Theorie
;
Monetary policy Mathematical models
;
Uncertainty
;
Mathematical optimization
;
Electronic books
;
Geldpolitik
;
Unsicherheit
;
Unvollkommene Information
;
Mathematisches Modell
Kurzfassung:
pt. 1. Imperfect information, responses to shocks, and credibility issues -- pt. 2. Recent developments in monetary policy.
Kurzfassung:
Recently there has been a resurgence of interest in the study of optimal monetary policy under uncertainty. This book provides a thorough survey of the literature that has resulted from this renewed interest. The authors ground recent contributions on the 'science of monetary policy' in the literature of the 1970s, which viewed optimal monetary policy as primarily a question of the best use of information, and studies in the 1980s that gave primacy to time inconsistency problems. This broad focus leads to a better understanding of current issues such as discretion versus commitment, target versus instrument rules, and the merits of delegation of policy authority
Anmerkung:
Includes bibliographical references (p. 307-320) and index
DOI:
10.4337/9781847208644
URL:
Deutschlandweit zugänglich
URL:
Deutschlandweit zugänglich
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