A Critique of Monetary Policy

Theory and British Experience

Häftad, Engelska, 1990

Av J. C. R. Dow, I. D. Saville, Bank of England) Dow, J. C. R. (Visiting Fellow, Visiting Fellow, National Institute for Economic and Social Research; formerly Economics Director, Bank of England) Saville, I. D. (Senior Investment Manager, Senior Investment Manager, Iain D. Saville

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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

Utgivningsdatum1990-05-24
Mått153 x 231 x 18 mm
Vikt461 g
FormatHäftad
SpråkEngelska
SerieClarendon Paperbacks
Antal sidor286
FörlagClarendon Press
ISBN9780198283195

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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