Handbook of Monetary Economics 3 1st Edition by Benjamin Friedman, Michael Woodford ISBN 0444534547 978-0444534545

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ISBN 10: 0444534547
ISBN 13: 978-0444534545
Author: Benjamin Friedman, Michael Woodford 

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.

• Presents extensive coverage of monetary policy theories with an eye toward questions raised by the recent financial crisis
• Explores the ingredients, properties, and implications of models that inform monetary policy
• Observes changes in the formulation of monetary policies over the last 25 years

Handbook of Monetary Economics 3 1st Table of contents:

1. Part Four: Optimal Monetary Policy
2. Part Five: Constraints on MonetaryPolicy
3. Part Six: Monetary Policy in Practice

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Tags: Benjamin Friedman, Michael Woodford, Monetary Economics