Optimal Monetary Policy under Uncertainty, Second Edition

Richard T. Froyen and Alfred Guender

in Books from Edward Elgar Publishing

Abstract: This book provides a thorough survey of the model-based literature on optimal monetary in a stochastic setting. The survey begins with the literature of the 1970s which focused on the information problem in policy design and extends to the New Keynesian approach of the 1990s which centered on evaluating alternative targeting strategies. New to the second edition is consideration of research since the world financial crisis on the role of financial markets and institutions in the conduct of monetary policy.

Keywords: Economics and Finance (search for similar items in EconPapers)
Date: 2019
ISBN: 9781784717186
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Citations: View citations in EconPapers (1)

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Chapters in this book:

Ch 1 Introduction, Part 1 , pp 2-6

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Ch 2 A basic model and some early results , pp 7-30

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Ch 3 The strategy of monetary policy: targets, instruments and information variables , pp 31-55

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Ch 4 A variable price level, supply shocks and rational expectations , pp 56-76

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Ch 5 Optimal monetary and exchange rate policy in the open economy , pp 77-99

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Ch 6 Monetary policy credibility , pp 100-127

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Ch 7 Introduction, Part 2 , pp 129-139

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Ch 8 The Phillips Curve: an evolving concept , pp 140-158

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Ch 9 The forward-looking model: the closed economy , pp 159-193

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Ch 10 The forward-looking model: additional topics , pp 194-228

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Ch 11 The forward-looking model: the open economy , pp 229-269

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Ch 12 The New Keynesian model: the backward-looking case , pp 270-297

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Ch 13 Introduction, Part 3 , pp 299-302

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Ch 14 Money and finance in Keynesian models , pp 303-330

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Ch 15 Rethinking stabilization policy , pp 331-376

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Ch 16 Financial markets since the crisis: a smorgasbord of issues , pp 377-409

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