TY  - BOOK
AU  - Issing,Otmar
TI  - Imperfect knowledge and monetary policy
SN  - 0521854865 (hbk.)
AV  - HG230.3 .I44 2005
U1  - 332.4'6 22
PY  - 2005///
CY  - Cambridge, UK, New York
PB  - Cambridge University Press
KW  - Monetary policy
N1  - Includes bibliographical references (p. 122-135) and index
N2  - 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.
UR  - http://www.loc.gov/catdir/enhancements/fy0642/2006296138-d.html
UR  - http://www.loc.gov/catdir/enhancements/fy0642/2006296138-t.html
UR  - http://www.loc.gov/catdir/enhancements/fy0733/2006296138-b.html
ER  -