The Scourge of Monetarism, Part 1Monograph examining trends and economic implications of monetary policies in the UK - comprises two Radcliff lectures and evidence to a Treasury Civil Service Committee on the inefficacy of current counter- inflationary economic policies based on monetarism, examines problems of alternative methods of controlling the money supply, and includes wage policy, price policy and exchange rate and fiscal policy suggestions. Graphs, references and statistical tables. |
Contents
MONETARY POLICY IN THE UNITED KINGDOM | 37 |
Introduction | 39 |
How the Policy Really Functions 3142 | 55 |
Copyright | |
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Common terms and phrases
amount balance of payments bank deposits bank lending Bank of England banking system billions cash cause cent Central Bank clearing banks Cmnd Committee commodities commodity-money competitive cost countries credit-money demand for money deposit-taking economic effect employment exchange rate exogenous expectations expenditure exports fall financial assets Financial Statistics Friedman funds gilts gold Government Government's growth higher hold imports incomes policy industrial inflation inflationary instrument interest rates interest-bearing deposits International Financial Statistics investment issues J. R. Hicks Keynesian labour loans manufacturing ment monetarism monetarist monetary policy money incomes money stock money supply money-commodity non-bank private sector output overseas percentage period production PSBR public sector debt quantity of money Radcliffe rate of inflation rate of interest ratio reduction relation result rise in prices savings supply of money Table target tion Treasury Bills unfunded United Kingdom velocity of circulation wages Walras