Monetary policy rule in theory and practice : facing the internal vs external stability dilemma / Nicolas Barbaroux
Material type:
TextSeries: Routledge international studies in money and banking ; 78Publication details: London : Routledge, 2013Description: xv, 227p. 24cmISBN: - 9780415501804
- 339.53 BAR
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Calcutta | 339.53 BAR (Browse shelf(Opens below)) | Available | IIMC-139111 |
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| 339.53 ARE Advances in monetary policy and macroeconomics / | 339.53 ARN Monetary theory and policy from Hume and Smith to Wicksell : | 339.53 ARN Monetary theory and policy from Hume and Smith to Wicksell : | 339.53 BAR Monetary policy rule in theory and practice : | 339.53 BEN Money, interest, and policy : | 339.53 FRE Success and failure in monetary reform : | 339.53 GAL Monetary policy, Inflation and the business cycle: |
This book uses case studies from France and Sweden, and places them in the context of Keynes' argument from his 1923 'Tract on Monetary Reforms', to support the argument that the use of discretionary practices within a monetary policy rule (such as in the Gold Standard era) is the best approach. This book takes an innovative approach in combining a theoretical analysis (mainly the work of New Neoclassical Synthesis throughout Woodford's model) a history of economic thought analysis (based on the monetary works from Wicksell, Cassel and Keynes) and an historical study of central bank practices both in France (based on Bank of France archives materials) and in Sweden. The final section of the book explores the debate on monetary policy rule in light of the 2008 financial crisis.
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