Monetarism Under Thatcher: Lessons for the Future

ISBN-13: 9781840646375 / Angielski / Twarda / 2001 / 144 str.

Cbe Gordon T. Pepper;Michael J. Oliver

Opis

A discussion of the principles of monetary policy in the context of economic and political history, thus seeking to illuminate both monetary theory and monetary policy. It draws on a wide range of sources, making use of the recollections of participants in policy-making during the years of the Thatcher governments. The authors advocate direct control of the monetary base (MO) with interest rates being left to find their market level; and they examine the policy debates under Margaret Thatcher that in the end frustrated this proposal.