Monetary Theory as a Basis for Monetary Policy

Discover the insights of Axel Leijonhufvud in his thought-provoking book, Monetary Theory as a Basis for Monetary Policy, published by Palgrave Macmillan in 2001. This comprehensive work spans 271 pages and delves into the evolution of monetary policy since the inflationary crises of the 1970s. Leijonhufvud examines the shift in theoretical focus towards price-level stabilization and the critical need to mitigate nominal shocks in today's economy. Ideal for students and professionals in the fields of Business & Economics, this book offers a solid foundation in monetary economics and policy. Enhance your understanding of money management and inflation with this essential read, perfect for anyone interested in the dynamics of monetary policy.