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Indiana University Bloomington - FALL 2010 | ||
Section 21877 | ||
 | Interest and Prices: Foundations of a Theory of Monetary Policy by Michael Woodford Hardcover, 808 Pages, Published 2003 ISBN-10: 0-691-01049-8 / 0691010498 ISBN-13: 978-0-691-01049-6 / 9780691010496 With the collapse of the Bretton Woods system, any pretense of a connection of the world's currencies to any real commodity has been abandoned. Yet since the 1980s, most central banks have abandoned money-growth targets as practical guidelines for monetary policy as well. How then can pure "fiat" cu | |