....: Penguin. The Death Penalty as Monetary Policy: The Practice and Punishment of Monetary Crime, 1690–1830 Carl Wennerlind In the 1690s during the financial revolution, clipping and counterfeit- ing emerged as serious threats to England’s commercial base and its bid to become a global power...

... 0 1988 by Duke University Press CCC 00 18-2702/88/$1.50 ‘Socialist’ monetary policy: monetary thought in the Labour Party in the 1940s Susan K. Howson The first majority Labour government in Britain was elected with a large majority...

... Activism. Journal of the History of Economic Thought 16 : 27 -39. Friedman , Milton. 1968 . The Role of Monetary Policy. American Economic Review 58 : 1 -17. Keynes , John Maynard 1936 . The General Theory of Employment, Interest, and Money . London: Macmillan. Laursen...

... Journal of Economics and Sociology 50.3 : 365 -73. 03.Hope32.1.Rosselli 5/1/00 10:50 AM Page 61 Early Views on Monetary Policy: The Neapolitan Debate on the Theory of Exchange Annalisa Rosselli As the monetary question...

... Policy: 1941-1958 . Cambridge: Cambridge University Press. Forder, James. 1998 . Central Bank Independence—Conceptual Clarifications and Interim Assessment. Oxford Economic Papers 50.3 : 307 -34. Friedman, Milton. 1960 . A Program for Monetary Stability . New York: Fordham University Press...

... “solutions feasibility,” the use of a quadratic loss function to characterize the behavior of central banks also inaugurated an objective way of talking about optimality. In this respect, the tool stabilized the discourse on optimal monetary policy. Correspondence may be addressed to Pedro Garcia Duarte...

... of opinion, or at least of emphasis. 12. Theory and policy in Keynes’ monetary thinkingf As indicated in Chapter 2 above, the changing nature of the policy problems that concerned Keynes during the interwar period can be read off the curves in Fig. 2.1, which describe the major economic...

...D. P. O'Brien Monetary Theory and Policy from Hume and Smith to Wicksell: Money, Credit and the Economy . By Arnon Arie . Cambridge : Cambridge University Press , 2011 . 424 pp. $79.00 . Copyright 2012 by Duke University Press 2012 References Humphrey T. M. 1993...

... later” pile. This is a terrific book, and we very much look forward to the prom- ised continuation of the story. Frank G. Steindl, Oklahoma State University Culture and Currency: Cultural Bias in Monetary Theory and Policy. By John W. Houghton. Boulder, Colo...

...Judge Glock Histories of the Federal Reserve have argued that up through the Great Depression it adhered to a “real bills” or “Riefler Burgess” conception of monetary policy, which caused it to focus on short-term borrowing as an indicator of the stance of monetary policy. This article argues...

... of payments. Exchange rates are monetary variables, and monetary policy strongly influences their movement. Contrary to received commentaries, Graham was the first twentieth-century economist to make a coherent case for flexible rates; he was an unappreciated forerunner of postwar, Chicago-based advocacy...

... support. Third, the right to issue money should be monopolized by the state; otherwise, the state's monetary policy will be interfered with by other currencies. Fourth, an important monetary policy is the government's buying and selling of commodities countercyclically by issuing and receiving money, thus...

...John H. Wood It is not generally realized how little changed monetary theory and the theory and practice of monetary policy are from the time before Keynes’s General Theory . Explanations of business fluctuations by Keynes’s predecessors closely resemble the current literature, notwithstanding...

... in monetary policy and hence stressed the importance of the institutional framework of monetary policy. Correspondence may be addressed to Klas Fregert, Department of Economics, Lund University, PO Box 7082, SE-220 07 Lund, Sweden; e-mail: [email protected] . I thank Lars Jonung for useful comments...

..., the Chicagoans advocated the use of the federal government’s fiscal operations to conduct monetary policy—entailing an expansion of the size of the Fed’s balance sheet—to combat the Great Depression, the abandonment of the gold standard in favor of exchange-rate flexibility, one-hundred- percent reserve...

... of money as a “social accounting” system. We offer some insights regarding the core ideas of Schumpeter's book and shed light on a quite unknown aspect of his monetary theory: the key role of central banking and monetary policy. We also suggest the original proposition that, in Schumpeter's thought...

... of his many reform plans. This is somewhat puzzling insofar as it clashes with Keynes’s call for activist monetary policy. Indian Currency and Finance sheds light on the origins and arguments underlying this peculiar feature and is accordingly most significant in the development of Keynes’s work...

...Perry Mehrling The Treasury-Fed Accord of 1951 and the subsequent rebuilding of private capital markets, first domestically and then globally, provided the shifting institutional background against which thinking about money and monetary policy evolved within the MIT economics department...

...-off analysis, but it also meant that they misjudged the importance of monetary policy in inflation control, thereby compounding the country's inflation problem. When this series of papers began to appear at the start of the 2000s, the trade-off-centered interpretation of the US Great Inflation...

... of Sims’s VARs, and the emergence of new groupings of most cocited articles at the interface of macroeconometrics and monetary policy analysis, revealing how the practice of macroeconometrics changed in the interim. Correspondence may be addressed to Boris Salazar, Department of Economics, University...