A Critique of Monetary Policy

Theory and British Experience

AvJ. C. R. Dow,I. D. Saville

Häftad, Engelska, 1990

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Beskrivning

This book is both a theory of monetary policy, and an examination of how it has worked in the UK. It first analyses the behaviour of the banking system, and then the difficulties of central bank control. The authors argue that money creation is an endogenous process, determined partly by the price level, and not the other way round.

Produktinformation

Utgivningsdatum:1990-05-24
Mått:153 x 231 x 18 mm
Vikt:461 g
Format:Häftad
Språk:Engelska
Serie:Clarendon Paperbacks
Antal sidor:286
Förlag:Clarendon Press
ISBN:9780198283195

Utforska kategorier

Finansiering inom Ekonomi och Ledarskap
Makroekonomi inom Ekonomi och Ledarskap

Recensioner i media

`The work that made the deepest impression on me because of the great practical importance of its conclusions and novelty of its argument went to the heart of the controversy over monetarism ... The book has started off a major controversy that will no doubt continue ... its influence is sure to grow.' Alec Cairncross

Innehållsförteckning

Introduction; Part I: The Behaviour of the Financial System; The Macroeconomic Behaviour of the Banking System; The Behaviour of Interest Rates: the Theoretical Background; The Behaviour of Interest Rates Continued; The Behaviour of Exchange Rates; Government Transactions, Money, and Interest Rates; Part II: Monetary Control and the Course of the Aggregates: UK Monetary Policy since 1971; Central-bank Rate as an Instrument of Monetary Control; Monetary Base Control; The Corset, Overfunding, and Banking Supervision; Monetary Growth since the mid-1960s; Part III: Conclusions: The Limitations and Role of Monetary Policy; Monetary Policy Without Monetary Targets; Bibliography; Index