Chapter

Monetary Policy Without Monetary Targets

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/10.1093/0198283199.003.0013

Series: Clarendon Paperbacks

 Monetary Policy Without Monetary Targets

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The authors pursue a number of aims. They begin by placing monetary policy within the wider framework of general economic policy. They continue by examining the domestic role of monetary policy and how they see it developing in the future. This is followed by a discussion specifically on exchange rates, which the authors see as the major area of importance for monetary policy. The chapter concludes with a brief discussion of the mix between monetary and fiscal policy.

Keywords: exchange rate; fiscal policy; general economic policy; interest rates; monetary policy

Chapter.  8501 words. 

Subjects: Macroeconomics and Monetary Economics

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