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Monetary Policy and Politics: Rules versus Discretion
Monetary Policy and Politics Rules versus Discretion
Author: George Macesich
Macesich argues that the poor performance of monetary policy can be attributed to the ease with which "money" slips into the political arena. Discretionary authority facilitates monetary manipulation for political ends, thereby increasing uncertainty and casting doubt on money, the monetary system, and indeed the monetary authority itself. The a...  more »
ISBN-13: 9780275943356
ISBN-10: 0275943356
Publication Date: 10/30/1992
Pages: 176
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Publisher: Praeger Publishers
Book Type: Hardcover
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