Interest and Prices: Foundations of a Theory of Monetary Policy

by Michael Woodford

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With the collapse of the Bretton Woods system, any pretense of a connection of the world's currencies to any real commodity has been abandoned. Yet since the 1980s, most central banks have abandoned money-growth targets as practical guidelines for monetary policy as well. How then can pure "fiat" currencies be managed so as to create confidence in the stability of national units of account?

Interest and Prices seeks to provide...

Format:Hardcover

Language:English

ISBN:0691010498

ISBN13:9780691010496

Release Date:September 2003

Publisher:Princeton University Press

Length:808 Pages

Weight:2.80 lbs.

Dimensions:1.9" x 6.4" x 9.5"

Related Subjects

Business Business & Finance Business & Investing Economic Theory Economics International International Business Money & Monetary Policy Popular Economics Theory

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Interest and Prices: Foundations of a Theory of Monetary Policy

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