Central Banking in the Modern World is popular PDF and ePub book, written by Marc Lavoie in 2004-01-01, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Central Banking in the Modern World can be Read Online from any device for your convenience.
Central Banking in the Modern World Book PDF Summary
'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.
Detail Book of Central Banking in the Modern World PDF
- Author : Marc Lavoie
- Release : 01 January 2004
- Publisher : Edward Elgar Publishing
- ISBN : 1781958696
- Genre : Business & Economics
- Total Page : 328 pages
- Language : English
- PDF File Size : 21,8 Mb
If you're still pondering over how to secure a PDF or EPUB version of the book Central Banking in the Modern World by Marc Lavoie, don't worry! All you have to do is click the 'Get Book' buttons below to kick off your Download or Read Online journey. Just a friendly reminder: we don't upload or host the files ourselves.