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Monetary Theory as a Basis for Monetary Policy by Axel Leijonhufvud 9781349653768
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Monetary Theory as a Basis for Monetary Policy by Axel Leijonhufvud 9781349653768

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Description

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.

Book Information
ISBN 9781349653768
Author Axel Leijonhufvud
Format Paperback
Page Count 271
Imprint Palgrave Macmillan
Publisher Palgrave Macmillan
Weight(grams) 370g

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