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How Michael Woodford reshaped modern macro for central bankers

Original: How Michael Woodford made modern macro relevant to central bankers

The Financial Times examines the influence of economist Michael Woodford, whose work on interest rate rules and monetary policy theory translated academic macroeconomics into practical frameworks used by central banks. The piece highlights how his ideas on inflation targeting and forward guidance underpin how policymakers such as the Federal Reserve and European Central Bank communicate decisions today.

Why now: Central bank policy and its intellectual foundations are under scrutiny amid ongoing debates over interest rates and inflation.

Michael Woodford Federal Reserve European Central Bank Financial Times

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How Michael Woodford made modern macro relevant to central bankers · Financial Times

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