A Critique of Monetary Policy: Theory and British Experience
ISBN: 9780191596186
Platform/Publisher: Oxford Academic / Yale University Press
Digital rights: Users: Unlimited; Printing: Unlimited; Download: Unlimited
Subjects: Economics and Finance;

Challenging accepted wisdom of monetary theory, this study of the theory of monetary policy in England analyzes the behavior of the banking system and the difficulties of central bank control, and argues that money creation is an endogenous process, determined partly by the price level.


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