Interest and Prices: Foundations of a Theory of Monetary Policy

Interest and Prices: Foundations of a Theory of Monetary Policy

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With the collapse of the Bretton Woods system, any pretense of a connection of the world's currencies to any real commodity has been abandoned. Yet since the 1980s, most central banks have abandoned money-growth targets as practical guidelines for monetary policy as well. How then can pure "fiat" currencies be managed so as to create confidence in the stability of national units of account?

Interest and Prices seeks to provide theoretical foundations for a rule-based… (more)

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Book Details  


Publisher: Princeton University Press (August 18, 2003)

Format: EPUB

Page count: 800 pages

File size: 17.6 MB

Protection: DRM

Language: English


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