The Role of Policymakers in Business Cycle Fluctuations
Jim (University of Texas, Austin) Granato, M. C. Sunny (Assistant Professor, University of Southern Mississippi) Wong
Cambridge University Press, 2011
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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.
- ISBN-13
- 9780521390767
- ISBN-10
- 0521390761
- Publisher
- Cambridge University Press
- Year
- 2011
- Publication date
- 2011-07-21
- Pages
- 318
- Dimensions
- 216x140x18
- Weight
- 41