Imperfect Knowledge and Monetary Policy 在線電子書 pdf 下載 txt下載 epub 下載 mobi 下載 2024

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Gaspar, Vitor/ Issing, Otmar (EDT)/ Tristani, Oreste/ Vestin, David 作者

Cambridge Univ Pr

譯者

2006-3 出版日期

150 頁數

$ 115.26 價格

HRD

叢書系列

9780521854863 圖書編碼

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發表於2024-11-13

Imperfect Knowledge and Monetary Policy 在線電子書 epub 下載 mobi 下載 pdf 下載 txt 下載 2024

Imperfect Knowledge and Monetary Policy 在線電子書 epub 下載 pdf 下載 mobi 下載 txt 下載 2024

Imperfect Knowledge and Monetary Policy 在線電子書 pdf 下載 txt下載 epub 下載 mobi 下載 2024

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Imperfect Knowledge and Monetary Policy 在線電子書 pdf 下載 txt下載 epub 下載 mobi 在線電子書下載

Imperfect Knowledge and Monetary Policy 在線電子書圖書描述

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.

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