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Title: MONETARY THEORY AS A BASIS FOR MONETARY POLICY
By: Axel Leijonhufvud (Editor)
Format: Hardback

List price: £89.99
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ISBN 10: 0333748921
ISBN 13: 9780333748923
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Publisher: PALGRAVE MACMILLAN
Pub. date: 8 August, 2001
Series: International Economic Association
Pages: 271
Description: Since the inflationary 1970s, theoretical work on monetary policy has concentrated on price level stabilization and the avoidance of nominal shocks. In the aftermath of the collapse of various financial bubbles, the accomplishments and limitations of this approach are debated in this volume.
Synopsis: 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.
Illustrations: biography
Publication: UK
Imprint: Palgrave Macmillan
Returns: Returnable
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