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A Critique of Monetary Policy: Theory and British Experience

Author

Listed:
  • Dow, J. C. R.

    (National Institute for Economic and Social Research; formerly Economics Director, Bank of England)

  • Saville, I. D.

    (Bank of England)

Abstract

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 the price level, and not the other way round.

Suggested Citation

  • Dow, J. C. R. & Saville, I. D., 1990. "A Critique of Monetary Policy: Theory and British Experience," OUP Catalogue, Oxford University Press, number 9780198283195.
  • Handle: RePEc:oxp:obooks:9780198283195
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    Cited by:

    1. Julio Lopez Gallardo, Roberto Valencia Arriaga, 2015. "Macroeconomic effects of high interest rate policy: Mexico’s experience," PSL Quarterly Review, Economia civile, vol. 68(274), pages 214-237.
    2. Penelope N. Neal, 1993. "The Determination of Interest Rates and the Effectiveness of Monetary Policy in Deregulated Financial Markets," The Economic and Labour Relations Review, , vol. 4(1), pages 120-139, June.
    3. Eleni Angelopoulou, 2007. "The narrative approach for the identification of monetary policy shocks in small open economies," Money Macro and Finance (MMF) Research Group Conference 2006 24, Money Macro and Finance Research Group.
    4. Felderhof, B.U., 1997. "Thermocapillary effects in a suspension of droplets," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 235(1), pages 48-55.
    5. Alessandro Roncaglia, 2015. "Oil and its markets," PSL Quarterly Review, Economia civile, vol. 68(273), pages 151-175.
    6. Eleni Angelopoulou, 2007. "The Narrative Approach for the Identification of Monetary Policy Shocks in a Small Open Economy," Working Papers 55, Bank of Greece.

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