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Monetary Policy and Politics: Rules Versus Discretion

Monetary Policy and Politics: Rules Versus Discretion (Hardcover)

By Author : George Macesich 
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Monetary Policy and Politics: Rules Versus Discretion Description


Macesich's latest book argues that the poor performance of monetary policy can be attributed to the ease with which "money" slips into the political arena to become a singularly important political issue. Discretionary authority facilitates monetary manipulation for political ends, thereby increasing uncertainty and casting doubt on money, the monetary system, and indeed the monetary authority itself. The author traces the evolution of the debate over rules versus discretionary authority and discusses various methods that economists have proposed for constrain the monetary authority. If monetary policy is to be credible and thus successful, the hands of monetary policy makers are better tied than left free. This work by a noted authority on monetary theory and policy will interest economists in academia and the policy-making community.

Book Details


Title: Monetary Policy and Politics: Rules Versus Discretion
Publisher: Praeger
Author: George Macesich
Edition: Hardcover
Language: English
ISBN: 0275943356
EAN: 9780275943356
No. of Units: 1
No. of Pages: 176
Publish Date: 1992-10-23
Binding: Hardcover
Deliverable Countries: This product ships to Restricted International (Books).

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