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Woodford, Michael 1955-

Works: 137 works in 904 publications in 1 language and 10,631 library holdings
Genres: Conference papers and proceedings  Handbooks and manuals 
Roles: Author, Editor, Other
Publication Timeline
Publications about Michael Woodford
Publications by Michael Woodford
Most widely held works by Michael Woodford
Interest and prices : foundations of a theory of monetary policy by Michael Woodford( Book )
16 editions published between 2003 and 2009 in English and held by 629 libraries worldwide
With the collapse of the Bretton Woods system, any pretense of a connection of the world's currencies to any real commodity has been abandoned. Yet since the 1980's, most central banks have abandoned money-growth targets as practical guidelines for monetary policy as well. How then can pure 'fiat' currencies be managed so as to create confidence in the stability of national units of account? "Interest and Prices" seeks to provide theoretical foundations for a rule-based approach to monetary policy suitable for a world of instant communications and ever more efficient financial markets. In such a world, effective monetary policy requires that central banks construct a conscious and articulate account of what they are doing. Michael Woodford re-examines the foundations of monetary economics, and shows how interest-rate policy can be used to achieve an inflation target in the absence of either commodity backing or control of a monetary aggregate. This book further shows how the tools of modern macroeconomic theory can be used to design an optimal inflation-targeting regime - one that balances stabilization goals with the pursuit of price stability in a way that is grounded in an explicit welfare analysis, and that takes account of the 'New Classical' critique of traditional policy evaluation exercises. It thus argues that rule-based policymaking need not mean adherence to a rigid framework unrelated to stabilization objectives for the sake of credibility, while at the same time showing the advantages of rule-based over purely discretionary policymaking
Handbook of monetary economics by Benjamin M Friedman( Book )
12 editions published between 1990 and 2011 in English and Undetermined and held by 569 libraries worldwide
Due to the fundamental two-way interaction between the theoretical and the empirical aspects of monetary economics, together with the relationship of both to matters of public policy, any organization of material comprehensively spanning the subject is bound to be arbitrary. The 23 surveys commissioned for this Handbook have been arranged in a way that the editors feel reflects some of the most important logical divisions within the field and together they present a comprehensive account of the current state of the art. The Handbook is an indispensable reference work which should be part of every professional collection, and which makes ideal supplementary reading for graduate economics students on advanced courses
The inflation-targeting debate by Ben Bernanke( Book )
22 editions published between 2004 and 2007 in English and held by 374 libraries worldwide
"In The Inflation-Targeting Debate, a distinguished group of contributors explores the many underexamined dimensions of inflation targeting - its potential, its successes, and its limitations - from both theoretical and empirical standpoints, and for both developed and emerging economies. The volume opens with a discussion of the optimal formulation of inflation-targeting policy and continues with a debate about the desirability of such a model for the United States. The concluding chapters discuss the special problems of inflation targeting in emerging markets, including the Czech Republic, Poland, and Hungary."--Jacket
Is the business cycle a necessary consequence of stochastic growth? by Julio Rotemberg( Book )
13 editions published in 1994 in English and held by 64 libraries worldwide
We compute the forecastable changes in output, consumption, and hours implied by a VAR that includes the growth rate of private value added, the share of output that is consumed, and the detrended level of private hours. We show that the size of the forecastable changes in output greatly exceeds that predicted by a standard stochastic growth model, of the kind studied by real business cycle theorists. Contrary to the model's implications, forecastable movements in labor productivity are small and only weakly related to forecasted changes in output. Also, forecasted movements in investment and hours are positively correlated with forecasted movements in output. Finally, and again in contrast to what the growth model implies, forecasted output movements are positively related to the current level of the consumption share and negatively related to the level of hours. We also show that these contrasts between the model and the observations are robust to allowance for measurement error and a variety of other types of transitory disturbances
NBER Macroeconomics Annual 2006 by Daron Acemoglu( Book )
7 editions published in 2007 in English and Undetermined and held by 4 libraries worldwide
Handbook of monetary economics by Benjamin M Friedman( Book )
4 editions published between 2010 and 2011 in English and held by 1 library worldwide
What are the goals of€monetary policy and how are they transmitted? Top scholars summarize recent evidence on the roles of money in the economy, the effects of€information, and the growing importance of nonbank financial institutions. Their investigations lead to questions about standard presumptions about the rationality of asset markets and renewed interest in fiscal-monetary connections.€ Stopping short of advocating conclusions about the ideal conduct of policy, the authors focus instead on analytical methods and the changing interactions among the ingredients and propertie
Alternative Names
Michael Woodford Amerikaans econoom
Michael Woodford amerikansk ekonom
Michael Woodford amerikansk økonom
Michael Woodford economist
Michael Woodford économiste américain
Michael Woodford US-amerikanischer Volkswirt
Woodford, M. 1955-
English (72)
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