Imperfect Knowledge and Monetary Policy (The Stone Lectures in Economics) - Image 1

£91.49

Cambridge University Press Imperfect Knowledge and Monetary Policy (The Stone Lectures in Economics)

Name: Imperfect Knowledge and Monetary Policy (The Stone Lectures in Economics)
Brand: Cambridge University Press
Price: 91.49 GBP
Availability: InStock

International

It has never been this cheap. We have no record of a lower price.

£91 today · cheaper than every other day in the last 3 months

NEW HERE?

Amazon shows you one price. We show you all of them.

Tosheroon watches Amazon prices so you don't have to. Every product on Amazon has a price history — we make it visible. Set the price you'd actually pay, and we'll email you the second it gets there. No app, no account, one email.

WHAT'S ON THIS PAGE

↓ Price chart
when this has been cheap or pricey

↓ Forecast
where the price is heading next

↓ Statistics
all-time high & low, recent range

↑ Price alert
name your number, we'll email you

Price History & Forecast

Grey patches = out of stock. Cheaper = lower on the chart. Hover for exact prices.

Last 40 days • 40 data points (No recent data available)

Historical

Generating forecast...

Price Distribution

Price distribution over 40 days • 2 price levels

Days at Price

Current Price

Price Analysis

Most common price: £93 (31 days, 77.5%)

Price range: £91 - £93

Price levels: 2 different prices over 40 days

Description

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. Review 'Uncertainty is the one constant facing central bankers. In this fascinating discussion of monetary policy making under uncertainty, Otmar Issing and Vítor Gaspar expose the limitations of much academic thinking on the subject and show how the ECB's monetary strategy represents a pragmatic response to the problems thrown up by our inevitably imperfect knowledge of the economy.' Charles Bean, Chief Economist and Executive Director, Bank of England' … the book is commendable in its attempt to explain, through examples, the actual application of monetary policy and how real problems are tackled.' De Economist Book Description An exploration of the problem of formulating monetary policy in practice. About the Author Otmar Issing is a member of the Executive Board, European Central Bank.Vítor Gaspar is Special Advisor, Banco de Portugal.Oreste Tristani is Principal Economist, DG Research, European Central Bank.David Vestin is Economist, DG Research, European Central Bank.

Product Specifications

Brand: Cambridge University Press
Format: hardcover
ASIN: 0521854865
Category: Books > Subjects > Business, Finance & Law > Accounting > International
Domain: Amazon UK
Release Date: 16 February 2006
Listed Since: 15 December 2006

Barcode

No barcode data available

Cambridge University Press Imperfect Knowledge and Monetary Policy (The Stone Lectures in Economics)

It has never been this cheap. We have no record of a lower price.

Price History & Forecast

Price Distribution

Price Analysis

Description

Product Specifications

Barcode

Similar Products You Might Like

Recent Developments in Monetary Policy (The International Library of Critical Writings in Economics series)

Routledge Monetary Policy Over Fifty Years - Economics Book

Monetary Policy: A Theoretical and Econometric Approach: 19 (Advanced Studies in Theoretical and Applied Econometrics, 19)

Monetary Policy in Interdependent Economies: The Task Ahead: 55 (Financial and Monetary Policy Studies, 55)

The Evolution of Monetary Policy Strategies in Europe: 34 (Financial and Monetary Policy Studies, 34)

Monetary Policy in Interdependent Economies: The Task Ahead: 55 (Financial and Monetary Policy Studies, 55)

A Framework for Monetary Stability: Papers and Proceedings of an International Conference organised by De Nederlandsche Bank and the CentER for ... (Financial and Monetary Policy Studies, 27)

Modern Monetary Policy and Central Bank Governance: 291 (The International Library of Critical Writings in Economics series)

Central Banking, Monetary Theory and Practice: Essays in Honour of Charles Goodhart, Volume One: 1

Regional Aspects of Monetary Policy in Europe: 1 (ZEI Studies in European Economics and Law, 1)

Monetary and Fiscal Policies in the Euro Area

Monetary Policy in Times of Crisis: A Tale of Two Decades of the European Central Bank

Monetary Policy on the 75th Anniversary of the Federal Reserve System: Proceedings of the Fourteenth Annual Economic Policy Conference of the Federal Reserve Bank of St. Louis

Policy Makers on Policy: The Mais Lectures: 65 (Routledge International Studies in Money and Banking)

Central Bank Independence, Targets and Credibility: Political and Economic Aspects of Delegation Arrangements for Monetary Policy

How Monetary Policy Works (CENTRAL BANK GOVERNOR'S SYMPOSIUM)

Central Banking, Asset Prices and Financial Fragility (Routledge International Studies in Money and Banking)

Unconventional Monetary Policy and Financial Stability: The Case of Japan (Routledge Critical Studies in Finance and Stability)

The Global Financial Crisis and the New Monetary Consensus (Routledge International Studies in Money and Banking)

Monetary Policy and Financial Innovations in Five IndustrialCountries: The UK, the USA, West Germany, France and Japan

Routledge Monetary Policy Rule in Theory and Practice - Book

The Oxford Handbook of the Economics of Central Banking (Oxford Handbooks)

Money: Theory and Practice (Springer Texts in Business and Economics)

Handbook of Monetary Economics 3A (Handbooks in Economics): Volume 3a