Interest and Prices: Foundations of a Theory of Monetary Policy

by Michael Woodford

This influential work develops a systematic theory of monetary policy centered on interest-rate rules, expectations, and price stability rather than direct control of the money supply. Michael Woodford explains how central banks can influence inflation and economic activity through policy commitments and the management of expectations. The book became a foundational reference for modern New Keynesian monetary economics. [politicaleconomy.columbia.edu](https://politicaleconomy.columbia.edu/directory/michael-woodford?utm_source=chatgpt.com)

• Format

  Digital First Edition

• Language

  English

• Age rating

  Age 16+

• Published

  Published 2003

• Tags

  Non-fiction, Economics, Study Guides and Textbooks