A critique of monetary policy : theory and British experience
著者
書誌事項
A critique of monetary policy : theory and British experience
（Clarendon paperbacks）
Clarendon Press, 1990
- : pbk
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注記
"First published as paperback 1990"--T.p. verso
Bibliography: p. [249]-254
Includes index
内容説明・目次
内容説明
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.
目次
- 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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