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020 _a0312793561
020 _a9781472514066 (hbk.)
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100 1 _aDesai, Meghnad.
_92836433
245 1 0 _aTesting monetarism /
_cMeghnad Desai.
260 _aLondon ;
_aNew Delhi ;
_aNew York :
_bBloomsbury,
_c2013
300 _a246 p. :
_bill. ;
_c22 cm.
500 _aIncludes index.
504 _aBibliography: p. 227-239.
520 _aTesting Monetarism pursues the complex question of the nature of the controversy surrounding monetarist theory and evidence, and the reasons for the persistence of this controversy. The theory of monetarism is examined in its old guise as the Quantity Theory of Money, and subsequent chapters look at the evolution of the theory to its present form in the period since the 1950's, and Desai weaves together issues of theory with those of econometric evidence. He looks in turn at major predictions of monetarism, critically examining the claims made in the literature in the light of his discussion of the methodology of testing theories and highlights flaws in the empirical data surrounding monetarism.
650 0 _aMoney
_xMathematical models.
_92836434
650 0 _aMonetary policy
_xMathematical models.
_92836435
650 0 _aChicago school of economics.
_92836436
740 0 _aMonetarism.
906 _a7
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