Central banking in the modern world
alternative perspectives
- ISBN: 9781843766414
- Editorial: Edward Elgal Publishing Limited
- Fecha de la edición: 2004
- Lugar de la edición: Cheltenham. Reino Unido
- Encuadernación: Cartoné
- Medidas: 24 cm
- Nº Pág.: 296
- Idiomas: Inglés
Papel: Cartoné
113,82 €
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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.
Eds. Marc Lavoie and Mario Seccareccia
