Monetary Policy Theory – An Introduction to Game Theory Methods: Introduction to Game Theory Methods

Author: Gerhard Illing
Publisher:
Publish Date: 2002-02-01
Features: The development of economic theory over the past 10 years has made significant progress, enabling it to address these questions. The purpose of this textbook is to help readers understand the research advancements in modern economics in a clear and intuitive way. The book introduces the fundamental principles of monetary policy theory, allowing readers to firmly grasp the rules by which bank policies are formulated in Western economies. This book is a specialized academic work in Europe that systematically studies monetary policy theory using game theory methods. For central banks seeking appropriate institutional rules and monetary policy strategies, attention has been increasing not only in Europe but also worldwide. The author analyzes all the issues in monetary policy theory, a cutting-edge field of modern monetary economics research, using game theory methods, and explains the models of monetary policy theory in an intuitive form, greatly simplifying the analytical methods and deepening the understanding of theoretical models through practical problems. The theoretical insights provided in the book have played a significant role in the design of the institutional framework of the European Central Bank. The book presents novel theoretical perspectives and concise analysis, making it particularly suitable for Chinese readers and capable of sparking their strong interest in game theory and monetary policy theory.