Handbook of Monetary Economics
Benjamin M Friedman editor Michael Woodford editor
Format:Hardback
Publisher:Elsevier Science & Technology
Published:8th Dec '10
Currently unavailable, and unfortunately no date known when it will be back
Leading economists summarize major new work in monetary macroeconomics
What are the goals of monetary policy and how are they transmitted? This title summarizes evidence on the roles of money in the economy, the effects of information, and the growing importance of nonbank financial institutions.What are the goals of monetary policy and how are they transmitted? Top scholars summarize recent evidence on the roles of money in the economy, the effects of information, and the growing importance of nonbank financial institutions. Their investigations lead to questions about standard presumptions about the rationality of asset markets and renewed interest in fiscal-monetary connections. 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.
"This, the companion volume provides the counterpoint to the Monetary Analysis writings in Volume 3A. Here the theme of macroeconomic engineering confronting politico-economic and socio-economic reality comes to the fore. The politics of monetary policy, inflation targeting, the clash between monetary and fiscal policy are all addressed. The question of robustness in macroeconomic policy making is considered. This volume provides a valuable source for those concerned with increasing our understanding of the links between theory and practice." --Martin Shubik, Yale University "Monetary Economics has made great strides since the HANDBOOK OF MONETARY ECONOMICS, Volumes 1 and 2 was published. In Volumes 3A and 3B you will find surveys, written by leaders in their fields, of new work on foundations, the transmission mechanism, adaptive learning and expectation formation, optimal monetary policy, constraints on monetary policy, robustness in macroeconomics, monetary policy in practice, and much more, as well as applications to the latest crises. Every economist will want these volumes placed within easy reach on their bookshelf." --William A. Brock, University of Wisconsin, Madison
ISBN: 9780444534545
Dimensions: unknown
Weight: 1660g
968 pages