Michael Woodford

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Michael Woodford is an influential American economist best known for his work on monetary theory and policy within the New Keynesian framework, particularly through his seminal book "Interest and Prices."

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Predicate Object
instanceOf academic
economist
person
affiliation Department of Economics, Columbia University
awardReceived John Bates Clark Medal committee chair (service role, not medal recipient)
countryOfCitizenship United States of America
educatedAt University of Chicago
Yale University
employer Columbia University
fieldOfWork New Keynesian economics
macroeconomics
monetary economics
genre economic theory
hasAcademicAdvisor Robert Lucas Jr.
surface form: Robert E. Lucas Jr.
hasAcademicDiscipline economics
macroeconomic theory
monetary theory
hasWrittenOn expectations and monetary policy
interest rate rules
monetary policy under low interest rates
optimal monetary policy
policy communication and forward guidance
price stability
influenced New Keynesian DSGE modeling in central banks
central bank monetary policy frameworks
inflation targeting regimes
influencedBy John Maynard Keynes
Milton Friedman
Robert Lucas Jr.
surface form: Robert E. Lucas Jr.
knownFor New Keynesian economics
surface form: New Keynesian monetary theory

analysis of inflation targeting
dynamic stochastic general equilibrium models
forward guidance in monetary policy
interest rate rules in monetary policy
microfoundations of monetary policy
work on the zero lower bound on nominal interest rates
languageOfWorkOrName English
memberOf American Economic Association
notableIdea cashless limit in monetary economics
interest-rate-based monetary policy rules
monetary policy as management of expectations
notableWork Interest and Prices
Interest and Prices: Foundations of a Theory of Monetary Policy
occupation economist
university professor
positionHeld John Bates Clark Professor of Political Economy at Columbia University

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