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Money in Disequilibrium: A Microeconomic and Econometric Foundation of Monetary Targeting

Money in Disequilibrium: A Microeconomic and Econometric Foundation of Monetary Targeting

Paperback

Series: Europaeische Hochschulschriften / European University Studie, Book 1452

EconomicsInvesting & Finance

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ISBN10: 3631465041
ISBN13: 9783631465042
Publisher: Peter Lang
Published: Jan 1 1994
Pages: 308
Language: English
Hardly one topic in contemporary economic policy discussion has attracted more attention than the monetary policy of the Bundesbank. This study develops both from a microeconomic and an econometric point of view foundations for the currently pursued monetary targeting regime of the German Central Bank. The underlying theme of the study is the integration of the functions of money in non-Walrasian economies into relevant areas of the analysis. This way an attempt is made to put sufficient emphasis on money's central role as means of exchange.

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