Optimal Monetary Policy Under Uncertainty

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Edward Elgar Publishing, Jan 1, 2008 - Business & Economics - 352 pages
Froyen and Guender have provided a thorough and careful analysis of optimal monetary policy over most of the range of theoretical models that have been used in modern macroeconomics. By providing a comprehensive and clear comparative framework they will h
 

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Contents

1 Introduction Part 1
3
2 A basic model and some early results
7
targets instruments and information variables
29
4 A variable price level supply and rational expectations
53
5 Optimal monetary and exchange rate policy in the open economy
78
6 Monetary policy credibility
104
PART 2 Recent developments in monetary policy
133
7 Introduction Part 2
135
recent incarnations
144
the closed economy
163
additional topics
193
the open economy
241
the backwardlooking case
273
References
307
Index
323
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