Attention Economy


Monday, September 9, 2013

Michael Woodford - World's Leading Monetary Theorist

Bloomberg Markets Magazine has published a profile of Michael Woodford, considered by many to be the top theorist in the field of monetary economics:
http://www.bloomberg.com/news/2013-09-09/woodford-s-theories-rooted-in-japan-slump-embraced-by-bernanke.html


In recent times, Woodford has become known for his emphasis on forward guidance as an effective monetary policy strategy. It is still early days in regards to discovering the efficacy of forward guidance in the real world.