Review of Optimal Monetary Policy under Uncertainty

Richard Froyen and Alfred Guender, Optimal Monetary Policy under Uncertainty, Edward Elgar, 2007, 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 employed in modern macroeconomics. By providing a comprehensive and clear comparative framework, they will help the students of monetary policy understand why there have been conflicting views of what policymakers should do. The book runs t

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