(Read free) A Critique of Monetary Policy: Theory and British Experience
♛ J. C. R. Dow, I. D. Saville ♛
| #3038694 in Books | 1988-07-14 | Original language:English | PDF # 1 | 9.50 x.75 x6.44l, | File Name: 019828599X | 272 pages
|||`The work that made the deepest impression on me because of the great practical importance of its conclusions and novelty of its argument went to the heart of the controversy over monetarism ... The book has started off a major controversy that will no doubt
Challenging accepted wisdoms of monetary theory, this study of the theory of monetary policy in the UK 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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