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Monetary Theory and Monetary Policy: Reflections on the Development over the last 150 Years

Issing Otmar () and Volker Wieland ()
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Issing Otmar: Center for Financial Studies, Goethe University of Frankfurt, Grueneburgplatz 1, 60323 Frankfurt a.M., Germany

Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), 2013, vol. 233, issue 3, 423-445

Abstract: In this paper, we provide some reflections on the development of monetary theory and monetary policy over the last 150 years. Rather than presenting an encompassing overview, which would be overambitious, we simply concentrate on a few selected aspects that we view as milestones in the development of this subject.We also try to illustrate some of the interactions with the political and financial system, academic discussion and the views and actions of central banks.

Keywords: Monetary policy; history of economic thought; monetary policy regimes; German monetary history (search for similar items in EconPapers)
Date: 2013
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Working Paper: Monetary theory and monetary policy: Reflections on the development over the last 150 years (2012) Downloads
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