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Monetary policy

In: A Modern Guide to State Intervention

Author

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  • Jan Toporowski

Abstract

Toporowski reviews important monetary theory and policy notions, and discusses monetary policy setting, endogeneity and the structure of financial markets. By examining the main reasons that can lead to monetary policy failure to influence economic decisions, the author strongly advocates those structural connections between financing and monetary policy that make monetary policy endogenous and are exactly the ones that are relied upon in alleviating financial instability.

Suggested Citation

  • Jan Toporowski, 2019. "Monetary policy," Chapters, in: Nikolaos Karagiannis & John E. King (ed.), A Modern Guide to State Intervention, chapter 4, pages 97-105, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:19170_4
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