Monetary Theory in Retrospect

Monetary Theory in Retrospect

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An objective and perceptive account of the literature of monetary theory, this volume, by a central banker who has studied monetary theory over the last quarter of a century, clearly shows how its inherent complexity is much enriched by the study of its history. In three parts Filippo Cesarano: focuses on the innovative ideas of distinguished economists who anticipated modern theories, elaborating on them along lines that suggest original research programmes examines the impact of expectations on the effectiveness of monetary policy, illustrating how different assumptions within the classical paradigm lead to diverse hypotheses and policy design investigates the role of monetary theory in shaping monetary institutions. Deserving of a wide readership among both academic economists and monetary policy practitioners, this collection of essays is key reading for students and researchers engaged with monetary theory and the history of economics and policy makers seeking to weigh up the assumptions underlying different theories in order to select the models best suited to the problems they face.All in all, the classical theory of money supply variations is rather sophisticated in that it links the availability of information to agentsa#39; behaviour in order to ... This involves fitting data ... ITI]. ~23 Blackwell Publishers Lttl and The Victoria Unlverrdty of Manchester. 1998. information are then a negative and positive functionanbsp;...

Title:Monetary Theory in Retrospect
Author: Filippo Cesarano
Publisher:Routledge - 2012-08-06

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