A Critique of Monetary Policy: Theory and British Experience by J. C. R. Dow

A Critique of Monetary Policy: Theory and British Experience

byJ. C. R. Dow, I. D. Saville

Paperback | April 30, 1999

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This book is both a theory of monetary policy, and an examination of how it has worked in the UK. It first analyses the behaviour of the banking system, and then the difficulties of central bank control. The authors argue that money creation is an endogenous process, determined partly by theprice level, and not the other way round.

About The Author

J. C. R. Dow is at National Institute for Economic and Social Research; formerly Economics Director, Bank of England. I. D. Saville is at Bank of England.
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Details & Specs

Title:A Critique of Monetary Policy: Theory and British ExperienceFormat:PaperbackDimensions:286 pages, 9.21 × 6.14 × 0.71 inPublished:April 30, 1999Publisher:Oxford University Press

The following ISBNs are associated with this title:

ISBN - 10:0198283199

ISBN - 13:9780198283195

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'a careful empiricism which pays attention to the significance of local institutional idiosyncrasies and a skillful blending of theoretical and historical analysis geared to the generation of policy-relevant conclusions ... These qualities are very much on display in this book.'David Laidler, University of Western Ontario, Journal of Economic Literature