Interview: Michael Woodford

Michael Woodford is the John Bates Clark Professor of Political Economy at Columbia University in New York. He is one of the leading academic authorities on monetary economics and a close observer of the Federal Reserve's policymaking process. Some of his most noteworthy scholarly contributions are on inflation targeting rules and his development and refinement of the New Keynesian macroeconomic model with micro foundations.

His book, Interest and Prices: Foundations of a Theory of Monetary

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