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Controlling the Growth of Monetary Aggregates
Rasche, Robert H.; Johannes, James M.
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Description for Controlling the Growth of Monetary Aggregates
Paperback. Series: Rochester Studies in Managerial Economics & Policy. Num Pages: 212 pages, biography. BIC Classification: KCB; KCBM; KCP; KFF. Category: (P) Professional & Vocational. Dimension: 234 x 156 x 12. Weight in Grams: 373.
Karl Brunner Monetary affairs have preoccupied observers over the ages. In the middle of the 14th century, the chaos in the French currency system after many rounds of currency debasement attracted comments expressing helpless confusion. Goethe's Mephistopheles convinced the imperial court to inflate with paper money "for the benefit of the public" and to satisfy all the demands on the government's largesse. Our century is no exception. The massive technological improvement in creating money has contributed to hyperinflationary experiences never before recorded in history. These events occurred, however, in the political disarray following major wars. More important are the persistent ... Read more
Karl Brunner Monetary affairs have preoccupied observers over the ages. In the middle of the 14th century, the chaos in the French currency system after many rounds of currency debasement attracted comments expressing helpless confusion. Goethe's Mephistopheles convinced the imperial court to inflate with paper money "for the benefit of the public" and to satisfy all the demands on the government's largesse. Our century is no exception. The massive technological improvement in creating money has contributed to hyperinflationary experiences never before recorded in history. These events occurred, however, in the political disarray following major wars. More important are the persistent ... Read more
Product Details
Format
Paperback
Publication date
2011
Publisher
Springer Netherlands
Number of pages
212
Condition
New
Series
Rochester Studies in Managerial Economics & Policy
Number of Pages
212
Place of Publication
Dordrecht, Netherlands
ISBN
9789401079709
SKU
V9789401079709
Shipping Time
Usually ships in 15 to 20 working days
Ref
99-15
Reviews for Controlling the Growth of Monetary Aggregates
` This book is well organized, analytically sound, and concisely presents the major issu involved in a reserve aggregate approach to controlling the monetary aggregates. It belongs on the reading list for all graduate macro-policy courses. ' A.E. Burger in Journal of Economic Literature, Vol.27, March 1989