Imperfect knowledge and monetary policy / Otmar Issing ... [et al.].

Contributor(s):

Issing, Otmar

Material type: Text

TextSeries: The Stone lectures in economicsPublication details: Cambridge, UK ; New York : Cambridge University Press, 2005.Description: xi, 138 p. : ill. ; 23 cmISBN:

0521854865 (hbk.)
0521671078 (pbk.)
9780521854863 (hbk.)
9780521671071 (pbk.)

Subject(s):

Monetary policy

DDC classification:

332.4'6 22

LOC classification:

HG230.3 .I44 2005

Online resources:

Summary: This book discusses the problem of formulating monetary policy in practice, under the uncertain circumstances which characterize the real world. It further 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. The book shows that imperfect knowledge limits the scope for active stabilization policy and strengthens the case for conservation.

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Holdings
Item type	Current library	Collection	Call number	Copy number	Status	Barcode
Monograph & others	CBN HQ Library		332.4'6 IMP (Browse shelf(Opens below))		Available	31008100009931
Monograph & others	CBN HQ Library		332.4'6 IMP (Browse shelf(Opens below))		Available	31008100009949
Monograph & others	CBN JOS BRANCH LIBRARY General Stacks	Non-fiction	332.4'6 (Browse shelf(Opens below))	c.1	Available	31008100534458
Monograph & others	CBN KADUNA BRANCH LIBRARY General Stacks	Non-fiction	332.4'6 ISS (Browse shelf(Opens below))		Available	31008100497029
Monograph & others	CBN MAIDUGURI BRANCH LIBRARY General Stacks	Non-fiction	332.4'6 ISS (Browse shelf(Opens below))	c. 1	Available	9780521671071
Monograph & others	CBN ILORIN BRANCH LIBRARY General Stacks	Non-fiction	332.4'6 ISS (Browse shelf(Opens below))		Available	31008100459128
Monograph & others	CBN CALABAR BRANCH LIBRARY		332.4'6 IMP (Browse shelf(Opens below))	c.1	Available	31008100512371
Monograph & others	CBN KATSINA BRANCH LIBRARY General Stacks	Non-fiction	332.4'6 ISS (Browse shelf(Opens below))	C.1	Available	31008100984422

Includes bibliographical references (p. 122-135) and index.

This book discusses the problem of formulating monetary policy in practice, under the uncertain circumstances which characterize the real world. It further 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. The book shows that imperfect knowledge limits the scope for active stabilization policy and strengthens the case for conservation.

nmn 22/05/13

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