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A Critique of Monetary Policy

Theory and British Experience

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Paperback, 286 blz. | Engels
| e druk, 1990
ISBN13: 9780198283195
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e druk, 1990 9780198283195
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Samenvatting

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.

Specificaties

ISBN13:9780198283195
Taal:Engels
Bindwijze:Paperback
Aantal pagina's:286
Hoofdrubriek:Economie

Inhoudsopgave

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

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        A Critique of Monetary Policy