The 2007–09 financial crisis has asked some very hard questions of modern macroeconomics, an important aspect of which has been to develop models that allow us to understand macroeconomic fluctuations using decision rules derived from microeconomic principles. The resulting prescriptions for monetary policy pay much more attention to the calculation of optimal feedback rules under uncertainty, learning and various forms of price and wage rigidity. Titles in the series Macroeconomic Policy Making bring together leading macroeconomist researchers and central bank economists to analyse the tools and methods necessary to meet the challenges of the post-financial crisis world.
1 Interest Rates, Prices and Liquidity - Lessons from the Financial Crisis
Jagjit S. Chadha; Sean Holly, University of Cambridge
2 Questioning Credible Commitment - Perspectives on the Rise of Financial Capitalism
D'Maris Coffman, University of Cambridge; Adrian Leonard, University of Cambridge; Larry Neal, University of Illinois, Urbana-Champaign
3 Developments in Macro-Finance Yield Curve Modelling -
Jagjit S. Chadha; Alain C. J. Durre, European Central Bank, Frankfurt; Michael A. S. Joyce, Bank of England; Lucio Sarno, Judge Business School
4 Macroprudential Policy and Practice
Paul Mizen, University of Nottingham; Margarita Rubio, University of Nottingham; Philip Turner, Universitat Basel, Switzerland
5 The UK Economy in the Long Expansion and its Aftermath
Jagjit S. Chadha; Alec Crystal; Joe Pearlman, City University London; Peter Smith, University of York; Stephen Wright, Birkbeck,London
6 Reflections on Monetary Policy after 25 Years of the MPC
Sean Holly, University of Cambridge; Michael McMahon, University of Oxford; Stephen Millard, National Institute of Economic and Social Research; Anna Watson, University of Cambridge
We have two forthcoming volumes from Charles Nolan and Alfred Duncan on Banking and Financial Stability and by Francis Breedon on QE and QT.
https://www.cambridge.org/core/series/macroeconomic-policy-making/12A54193AF3EFF0324401C33BDBFDC1A