Monetary Theory as a Basis for Monetary Policy

Discover the profound insights of A Leijonhufvud in Monetary Theory as a Basis for Monetary Policy, published by Palgrave Macmillan in 2001. This compelling book, comprising 271 pages, delves into the evolution of monetary policy since the inflationary 1970s. Leijonhufvud argues that theoretical work has largely focused on price-level stabilization and the prevention of nominal shocks, providing a critical examination of these concepts. Ideal for economists, policymakers, and students alike, this first edition offers a robust foundation for understanding the complexities of monetary theory and its implications for effective policy-making. Enhance your knowledge and navigate the intricacies of monetary economics with this essential read.