Monetary Theory as a Basis for Monetary Policy
Description
Since the inflationary 1970's, studies of monetary policy have 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 monetary economists, including Nobel Laureate Robert Lucas.
Keywords
Business & EconomicsEconomicsMacroeconomics
2001Book
Author(s)Axel Leijonhufvud
PublisherPalgrave
ISBN9780333748923
LanguageEnglish
