Central Banking in the Modern World PDF
By:Marc Lavoie,Mario Seccareccia
Published on 2004-01-01 by Edward Elgar Publishing
'The book provides a good variety of articles capable of satisfying different readers regarding central banking.' - Eric Tymoigne, Journal of Economic Issues According to the New Consensus in monetary economics, monetarism is dead and central bankers target low inflation rates by acting upon short-term real rates of interest. Yet, this synthesis hinges on variants of the long-run vertical Phillips curve originally proposed by Milton Friedman, the father of old-line monetarism. Contributors to this volume question this New Consensus. While they agree that the money supply should be conceived as endogenous, they carefully examine the procedures pursued by central banks, the monetary policy transmission mechanisms suggested by central bankers themselves, and the assumptions imbedded in the New Consensus. They propose alternative analyses that clearly demonstrate the limits of modern central banking and point to the possible instability of monetary economies.
This Book was ranked at 17 by Google Books for keyword Banking.
Book ID of Central Banking in the Modern World's Books is QwQNop941fIC, Book which was written byMarc Lavoie,Mario Seccarecciahave ETAG "1XDludVqxLI"
Book which was published by Edward Elgar Publishing since 2004-01-01 have ISBNs, ISBN 13 Code is 9781781958698 and ISBN 10 Code is 1781958696
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Book which have "296 Pages" is Printed at BOOK under CategoryBusiness and Economics
Book was written in en
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