Quarterly Journal of Economics Vol. 70 No. 1 1956
Monetary Policy in a Changing World
Abstract
Introduction, 23. — I. Some weak points in traditional monetary policies, 23; budgetary problems, 24; shortcomings in the use of interest rates as a disciplinary device, 28; the perversity of illiquidity and uncertainty, 30; excessive generality of effect, 32. — II. A monetary policy for today's world, 33; the place of consumer and real estate credit controls, 34; security reserve proposals, 38. — III. Conclusions, 42.
- DOI
- 10.2307/1884511
- Volume
- 70
- Issue
- 1
- Pages
- 23
- Sources
- openalex crossref