Monetary Theory and Monetary Policy

1. Front Matter

   Pages i-xxviii

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2. Tracks towards a Common Monetary Policy in Europe

   • Norbert Kloten

   Pages 1-17

3. Comments on ‘Tracks Towards a Common Monetary Policy in Europe’ by Norbert Kloten

   • Manfred Borchert

   Pages 18-20

4. Monetarism, Microfoundations and the Theory of Monetary Policy

   • David Laidler

   Pages 21-42

5. Monetarism in a World without ‘Money’

   • Thomas Mayer

   Pages 43-70

6. Comments on ‘Monetarism in a World without “Money”’ by Thomas Mayer

   • Joseph Bisignano

   Pages 71-78

7. The Evolution of the Banking System and the Theory of Monetary Policy

   • Victoria Chick

   Pages 79-92

8. Comments on ‘The Evolution of the Banking System and the Theory of Monetary Policy’ by Victoria Chick

   • G. M. Ambrosi

   Pages 93-99

9. Financial Theory and Central Bank Policies

   • Marvin Goodfriend

   Pages 100-118

10. Comments on Financial Theory and ‘Central Bank Policies’ by Marvin Goodfriend

    • Manfred J. M. Neumann

    Pages 119-122

11. The Demand for Money in Japan, the United Kingdom, West Germany and the USA: An Empirical Study of the Evidence since 1973

    • Herbert Buscher, Stephen F. Frowen

    Pages 123-164

12. Comments on ‘The Demand for Money in Japan, the United Kingdom, West Germany and the USA: An Empirical Study of the Evidence since 1973’ by Herbert Buscher and Stephen F. Frowen

    • Jürgen Siebke

    Pages 165-170

13. Money Supply, Interest Rate and Exchange Rate Targets: Conflicting Issues in an Open Economy

    • Rüdiger Pohl

    Pages 171-185

14. Comments on ‘Money Supply, Interest Rate and Exchange Rate Targets: Conflicting Issues in an Open Economy’ by Rüdiger Pohl

    • M. J. Artis

    Pages 186-187

15. Credit as Intermediate Target of Monetary Policy?

    • Wolfgang Filc

    Pages 188-216

16. Comments on ‘Credit as Intermediate Target of Monetary Policy?’ by Wolfgang Filc

    • Dietmar Kath

    Pages 217-224

17. Monetary Theory and Policy in a Global Context with a Large International Debt

    • Paul Davidson

    Pages 225-258

18. Comments on ‘Monetary Theory and Policy in a Global Context with a Large International Debt’ by Paul Davidson

    • DeAnne Julius

    Pages 259-263

19. Uncovered Interest Parity Condition between the United States and Europe under Different Exchange Rate Regimes

    • Gebhard Kirchgässner, Jürgen Wolters

    Pages 264-297

20. Comments On ‘Uncovered Interest Rate Parity Condition between the United States and Europe under Different Exchange Rate Regimes’ by Gebhard Kirchgässner and Jürgen Wolters

    • George Hadjimatheou

    Pages 298-302

These new essays cover aspects of monetary theory as well as monetary policy, the prime objective being the development of intellectual tools in order to find new ways of thinking to existing and new monetary problems in an increasingly unstable world economy marked by rapid and often unexpected changes, partly caused by the disappearance of boundaries for financial transactions. By challenging the orthodox paradigms in monetary economics and generating controversy, the volume will be an essential reference point for economists, central and commercial bankers, businessmen and politicians.

• conflict
• economics
• economy
• monetarism
• monetary economics
• monetary policy
• monetary theory
• money
• Policy

• Free University, Berlin, Germany

  Stephen F. Frowen

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