Michael Woodford’s Interest and Prices after twenty years

[en] The present paper reflects about Michael Woodford’s 2003 Interest & Prices, 20 years after its publication. After stressing the three most important achievements of that treatise, it is argued that Woodford pursued a different, and much less recognised, objective: promoting an approach to monetary policy involving an explicit commitment to a ‘history-dependent’ policy rule. Possible reasons why neither prominent authors nor central banks have (thus far) endorsed that approach are investigated.

Disciplines :

General economics & history of economic thought

Author, co-author :

Clerc, Pierrick ; Université de Liège - ULiège > HEC Liège : UER > UER Economie : Macroéconomie et pensée économique

Boianovsky, Mauro

Language :

English

Title :

Michael Woodford’s Interest and Prices after twenty years

Publication date :

2027

Journal title :

European Journal of the History of Economic Thought

ISSN :

0967-2567

eISSN :

1469-5936

Publisher :

Routledge

Volume :

34/5

Peer reviewed :

Peer Reviewed verified by ORBi

Available on ORBi :

since 24 February 2026

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44 (5 by ULiège)

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