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The Rationale of Money Supply Targets

In: Monetary Control in Britain

Author

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  • Tim Congdon

Abstract

Money supply control is not pursued for its own sake, but as a means to the attainment of other, more important ends, such as price stability and full employment. (1) The present chapter tries to explain the relationship between money supply movements and these ultimate goals of economic policy, and so to provide a rationale for money supply targets.

Suggested Citation

  • Tim Congdon, 1982. "The Rationale of Money Supply Targets," Palgrave Macmillan Books, in: Monetary Control in Britain, chapter 2, pages 9-26, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-04728-4_2
    DOI: 10.1007/978-1-349-04728-4_2
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