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【资料名称】：The Science and Practice of Monetary Policy Today
【资料作者】：Volker Wieland (Editor)
【出版社】： Springer
【简介及目录】：
Product Details
Hardcover:146 pages
Publisher: Springer; 1 edition (January 1, 2010)
Language: English
ISBN-10: 3642029523
Product Description
Thisbook presents important aspects of the New-Keynesian theory of monetarypolicy and its implications for the practical decision-making ofcentral bankers today. Bridging the theory and practice of monetarypolicy, it provides an exposition on the key elements of theNew-Keynesian approach, outlines important lessons for policymakers,and points to new directions for further research. Important policyimplications of the New-Keynesian approach such as the case forforecast targeting as a strategy for monetary policy, the combinationof model-based forecasts with cyclical analysis, and strategies forcross-checking model-based policy recommendations are presented indetail. The book brings together new contributions from leadingscientists and experienced policymakers presented at an academicsymposium on the occasion of the awarding of the Deutsche Bank Prize inFinancial Economics 2007 to Professor Michael Woodford.
Written for:
Scientists, policy makers
Table of Contents
V-VI Editor´s Foreword
Volker Wieland (Goethe University Frankfurt and CFS)
The New-Keynesian Approach to Understanding the Economy
03 Michael Woodford’s Contributions to Monetary Economics
Bennett T. McCallum (Carnegie Mellon University)
09 The New-Keynesian Approach to Monetary Policy Analysis: Lessons and New Directions
Jordi Galí (CREI and Universitat Pompeu Fabra)
The New-Keynesian Approach in Forecasting and Monetary Policy Design
23 The Case for Forecast Targeting as a Monetary Policy Strategy
Michael Woodford (Columbia University)
41 Incorporating Conjunctural Analysis in Structural Models
Domenico Giannone (European Central Bank, ECARES and CEPR)
Francesca Monti (ECARES and Université Libre de Bruxelles)
Lucrezia Reichlin (London Business School and CEPR)
59 Money in Monetary Policy Design:
Monetary Cross-Checking in the New-Keynesian Model
Guenter Beck (Goethe University Frankfurt and CFS)
Volker Wieland (Goethe University Frankfurt, CEPR and CFS)
Will Monetary Policy Become More of a Science?
81 Will Monetary Policy Become More of a Science?
Frederic S. Mishkin (Federal Reserve Board)
The Deuts che Bank Prize in Financial Economics 2007: Award Ceremony and Scientific Symposium in Honor of Michael Woodf ord
107 The Award of the Deutsche Bank Prize 2007
Josef Ackermann (Deutsche Bank AG)
111 Opening Speeches at the Scientific Symposium
Volker Wieland (Goethe University Frankfurt and CFS)
113 Hermann-Josef Lamberti (Deutsche Bank AG)
117 Summary of the Scientific Symposium "The Theory and Practice of Monetary Policy Today“
Celia Wieland (wieland EconConsult)
The Theory and Practice of Monetary Policy Today – Successes, Failures and Open Questions
131 Norbert Walter (Deutsche Bank AG)
135 Stefan Gerlach (Goethe University Frankfurt)
139 Patrick Lane (The Economist)
143 Otmar Issing (Goethe University Frankfurt and CFS)
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