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Monetary Theory as a Basis for Monetary Policy

Monetary Theory as a Basis for Monetary Policy

Hardcover

Series: International Economic Association

EconomicsInvesting & Finance

ISBN10: 0333748921
ISBN13: 9780333748923
Publisher: Springer Nature
Published: Aug 8 2001
Pages: 271
Weight: 1.15
Height: 0.90 Width: 5.72 Depth: 8.80
Language: English
Since the inflationary 1970s, theoretical work on monetary policy has concentrated almost exclusively on price-level stabilization and the avoidance of nominal shocks. In the aftermath of the collapse of financial bubbles in various parts of the world, the accomplishments and limitations of this dominant approach are debated in this volume edited by Axel Leijonhufvud, with contributions by a number of noted monetary economists, including Nobel Laureate Robert Lucas.

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