Monetary Theory as a Basis for Monetary Policy

Leijonhufvud, A.

Since the inflationary 1970s, theoretical work on monetary policy has concentrated almost exclusively on price-level stabilization and the avoidance of nominal shocks. In the aftermath of the collapse of financial bubbles in various parts of the world, the accomplishments and limitations of this dominant approach are debated in this volume edited by Axel Leijonhufvud, with contributions by a number of noted monetary economists, including Nobel Laureate Robert Lucas.

Details

Published by: Palgrave Macmillan

Publication Date: 2001-08-08

Format: Paperback

ISBN-13: 9781349653768

DOI: 10.1007/978-1-4039-3961-6

Dimensions: 216.0cm x140.0cm

Pages: 271.0