This book is both a theory of monetary policy, and an examination of how it has worked in the UK. It first analyses the behaviour of the banking system, and then the difficulties of central bank control. The authors argue that money creation is an endogenous process, determined partly by the price level, and not the other way round.
Publisher: Oxford University Press
Number of pages: 286
Weight: 461 g
Dimensions: 231 x 153 x 18 mm
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