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ISBN9780691010496
PublisherPrinceton University Press
Price (excl. tax)€136.70
Tax€8.20
Price (incl. tax)€144.90
Availability2 units in external warehouse

Product Description

Offers theoretical foundations for a rule-based approach to monetary policy for a world of communications and efficient financial markets. This book examines the foundations of monetary economics, showing how interest-rate policy can be used to achieve an inflation target in the absence of either commodity control of a monetary aggregate.