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According to Woodford (1999) and (2003) [Woodford, Michael, 1999. Commentary: how should monetary policy be conducted in an era of price stability? In: New challenges for monetary policy. Federal Reserve Bank of Kansas City, pp. 277-316; Woodford, Michael, 2003. Interest and prices: foundations of...
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This volume investigates different aspects of monetary policy and prevention of financial crises. It discusses some recently suggested measures for central banks' responses to liquidity shortages and to the liquidity trap, methods for assessing the potential of crisis contagion via the interbank...
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