Chapter

Monetary Base Control

J. C. R. Dow and I. D. Saville

in A Critique of Monetary Policy

Published in print May 1990 | ISBN: 9780198283195
Published online November 2003 | e-ISBN: 9780191596186 | DOI: http://dx.doi.org/10.1093/0198283199.003.0009

Series: Clarendon Paperbacks

 Monetary Base Control

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A discussion on monetary base control forms the context of this chapter. It begins by defining what is known as the wide monetary base. It covers the debates over monetary base control by examining ideas presented in the 1980 Green Paper and writings by Friedman. It then goes on to discuss the effects of monetary control in relation to central banks and narrow money. It concludes with an assessment of the usefulness of monetary base control as an easy way to control monetary growth.

Keywords: broad money; central banks; Milton Friedman; monetary base control; monetary growth; narrow money; wide monetary base

Chapter.  5650 words. 

Subjects: Macroeconomics and Monetary Economics

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