Monetary Policy and Politics

Machesich, George

ISBN 10: 0275943356 / ISBN 13: 9780275943356

Published by ABC-CLIO, 1992

About this Item

George Machesich's book argues that the poor performance of monetary policy can be attributed to the ease with which "money" slips into the political arena to become a singularly important political issue. Num Pages: 176 pages, black & white illustrations. BIC Classification: JPA; KCBM. Category: (UP) Postgraduate, Research & Scholarly; (UU) Undergraduate. Dimension: 216 x 140 x 14. Weight in Grams: 377. . 1992. Hardback. . . . . Books ship from the US and Ireland.

Seller Inventory # V9780275943356

Bibliographic Details

• Title: Monetary Policy and Politics
• Publisher: ABC-CLIO
• Publication Date: 1992
• Language: English
• ISBN 10: 0275943356
• ISBN 13: 9780275943356
• Binding: Hardcover
• Condition: New

About this title

Synopsis

Macesich's latest book argues that the poor performance of monetary policy can be attributed to the ease with which money slips into the political arena to become a singularly important political issue. Discretionary authority facilitates monetary manipulation for political ends, thereby increasing uncertainty and casting doubt on money, the monetary system, and indeed the monetary authority itself. The author traces the evolution of the debate over rules versus discretionary authority and discusses various methods that economists have proposed for constrain the monetary authority. If monetary policy is to be credible and thus successful, the hands of monetary policy makers are better tied than left free.

This work by a noted authority on monetary theory and policy will interest economists in academia and the policy-making community.

About the Author

GEORGE MACESICH is Professor of Economics at Florida State University. He is the author of several books, including The United States in the Changing Global Economy: Policy Implications and Issues (Praeger, 1997) and World Economy at the Crossroads (Praeger, 1997).