The Science and Practice of Monetary Policy Today

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Bridging monetary theory with central banking practice.

If you're keen on economic policy or studying finance, "The Science and Practice of Monetary Policy Today" could offer you an insightful dive into the practical application of monetary theories. It steps away from purely academic perspectives and takes a pragmatic look at how central bankers make pivotal decisions that shape economies. With this book, you get to understand the dynamic interplay between complex economic frameworks and real-world monetary policy formulation.

Note: While we do our best to ensure the accuracy of cover images, ISBNs may at times be reused for different editions of the same title which may hence appear as a different cover.

The Science and Practice of Monetary Policy Today

Regular price $69.90
Unit price
per
Compare to estimated retail price: S$216.04  
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ISBN: 9783642029523
Authors: Volker Wieland
Publisher: Springer
Date of Publication: 2009-12-10
Format: Hardcover
Related Collections: Economics, Business, Science
Related Topics: Technology, Finance, Money
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Description

This book presents important aspects of the New-Keynesian theory of monetary policy and its implications for the practical decision making of central bankers today. It brings together several new research contributions that were presented at the scientific symposium on the occasion of the award of the Deutsche Bank Prize in Financial Economics 2007 to Professor Michael Woodford of Columbia University. Woodford received this prize according to the jury in recognition of his fundamental contributions to the theory and practical analysis of monetary policy. The first part on The New-Keynesian Approach to Understanding the Economy contains two chapters written by Bennett McCallum and Jordi Gali, respectively. McCallum provides an exposition of key elements of the New-Keynesian approach to monetary policy analysis and an appreciation of Woodford's contributions. Gali further develops several key lessons of this approach and points out important new directions for further research.
 

Bridging monetary theory with central banking practice.

If you're keen on economic policy or studying finance, "The Science and Practice of Monetary Policy Today" could offer you an insightful dive into the practical application of monetary theories. It steps away from purely academic perspectives and takes a pragmatic look at how central bankers make pivotal decisions that shape economies. With this book, you get to understand the dynamic interplay between complex economic frameworks and real-world monetary policy formulation.

Note: While we do our best to ensure the accuracy of cover images, ISBNs may at times be reused for different editions of the same title which may hence appear as a different cover.