Role of Policymakers in Business Cycle Fluctuations

Name: Role of Policymakers in Business Cycle Fluctuations
Author: Austin) Jim (University of Texas Granato

Austin) Jim (University of Texas Granato, University of Southern Mississippi) M. C. Sunny (Assistant Professor Wong

Cambridge University Press

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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.

Výběr knih vydavatele Cambridge University Press