Monetary Policy and Politics: Rules Versus Discretion

 Buch
Besorgungstitel | Lieferzeit:3-5 Tage I
ISBN-13:
9780275943356
Einband:
Buch
Erscheinungsdatum:
01.10.1992
Seiten:
176
Autor:
George Macesich
Gewicht:
376 g
Format:
216x140x14 mm
Sprache:
Englisch
Beschreibung:

Macesich traces the evolution of the debate over rules versus discretionary authority and discusses various methods that economists have proposed for constraining the monetary authority.
Depoliticising Monetary Policy; Can Economists and Economic Science Help?; Policy Rules or Discretionary Authority?; Limits to Discretion; The Specie (Gold) Standard,; Private Money, and a Monetary Constitution; The Classical Gold (Specie) Standard; Managed; Fiduciary Standard and Economic Performance since 1834; Central Banking and Bureaucracy; Collapse of a Rules-Oriented Monetary Reserve; The Interwar Experience; Casting Adrift the Price Level.
George Machesich's book argues that the poor performance of monetary policy can be attributed to the ease with which "money" slips into the political arena to become a singularly important political issue.

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