Role of policymakers in business cycle fluctuations, the
Auteur :
Granato, Jim / Wong, M. C. Sunny
Éditeur :
Cambridge University Press
ISBN :
9780521390767
Date de publication :
21 juil. 2011
Dimensions :
21,6 x 14,0 x 1,8 cm
Poids :
410 g
Format :
Trade paperback (US)
Langue :
Anglais
Pays d'origine :
Grande Bretagne
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. Granato and Wong argue that inflation persistence is reduced when the public substitutes the prespecified inflation target for past inflation.