Monetary Policy Inertia This paper examines and responds to an article by Michael Woodford entitled "Optimal Monetary Policy Inertia," suggesting that there is an observed tendency of central banks to adjust interest rates only gradually in response to changes in economic conditions, such as the Federal Reserve does on a periodic basis in order to reduce the likelihood of inflation. Pages: 10 Bibliography: 1 source(s) listed Filename: 21195 Price: 89.50