The role of policymakers in business cycle fluctuations / Jim Granato, M.C. Sunny Wong.
This book's central theme is that a policymaker's role is to enhance the public's ability to coordinate their price information, price expectations, and economic activities. This role is fulfilled when policymakers maintain inflation stability. Inflation persists less when an implicit...
Saved in:
| Online Access: | Electronic book from EBSCO |
|---|---|
| Main Author: | |
| Other Authors: | |
| Format: | eBook |
| Language: | English |
| Published: | Cambridge ; New York : Cambridge University Press, 2006. |
| Subjects: |
Table of Contents:
- The Interaction of Policy and Outcomes
- Coordinating Price Information
- Outcomes and Policy: An Illustration
- Policy Evolution: 1960 to 2000
- The Role of Policymakers
- The Theoretical Model
- Policy and Aggregate Variability
- The Optimal Policymaker Role
- Coordination Dynamics
- Coordinating Inflation Forecasts
- Inflation-Stabilizing Policy: Robustness
- Conclusion and Implications.