Frontiers of Heterodox Macroeconomics by Philip Arestis & Malcolm Sawyer

Author:Philip Arestis & Malcolm Sawyer
Language: eng
Format: epub
ISBN: 9783030239299
Publisher: Springer International Publishing

2 Monetary Policy: Historical Settings and Macroeconomic Implications

Not only is the effectiveness of monetary policy to shape real activities in the short and/or in the long run discussed in macroeconomic schools of thought, but also the causal mechanisms and monetary instruments derived from the opposing theoretical backgrounds. This means the core questions are: Is money neutral? Which intermediate target works best to achieve the goals of monetary policy, money stock versus interest rates? How should monetary policy be implemented, rules-based versus discretionary monetary policy?

Download

Copyright Disclaimer:
This site does not store any files on its server. We only index and link to content provided by other sites. Please contact the content providers to delete copyright contents if any and email us, we'll remove relevant links or contents immediately.