Central Banking in the Modern World: Alternative Perspectives (Hardback)
  • Central Banking in the Modern World: Alternative Perspectives (Hardback)
zoom

Central Banking in the Modern World: Alternative Perspectives (Hardback)

(editor), (editor)
£105.00
Hardback 320 Pages / Published: 20/12/2004
  • We can order this from the publisher

Usually dispatched within 15 working days

  • This item has been added to your basket
Monetarism is dead! Central bankers are all Wicksellians now! They target low inflation rates, with no regard to monetary aggregates whatsoever, by acting upon short-term real rates of interest. This is the New Consensus in monetary economics, or simply the New Keynesian Synthesis. Yet, this synthesis still hinges on variants of the long-run vertical Phillips curve originally proposed by Milton Friedman, the father of old-line monetarism. Contributors to the 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. Heterodox and orthodox monetary macroeconomists alike will find this illuminating book of great interest.

Publisher: Edward Elgar Publishing Ltd
ISBN: 9781843766414
Number of pages: 320
Dimensions: 234 x 156 mm


MEDIA REVIEWS
'All chapters are equally and well structured with the general conclusions leading from each part clearly summarised in the introductory section which makes the book pleasant to read.' -- Pelin Ilbas, Tijdschrift voor Economie en Management
'The book provides a good variety of articles capable of satisfying different readers regarding central banking.' -- Eric Tymoigne, Journal of Economic Issues

You may also be interested in...

Money and Power
Added to basket
£12.99
Paperback
Investment Banking Focus Notes
Added to basket
Fool's Gold
Added to basket
£10.99
Paperback
Inside the South African Reserve Bank
Added to basket
Tower of Basel
Added to basket
£12.99
Paperback
Octopus
Added to basket
£8.99
Paperback
FT Guide to Banking
Added to basket
£29.99
Paperback
Investment Banking Workbook
Added to basket
Web of Debt
Added to basket
£16.00
Paperback
Liar's Poker
Added to basket
£9.99
Paperback
The House of Rothschild
Added to basket
The Bankers' New Clothes
Added to basket

Please sign in to write a review

Your review has been submitted successfully.