An activist revival in central banking? Lessons from the history of economic thought and central bank practice
Lilia Costabile and
Gerald Epstein
The European Journal of the History of Economic Thought, 2017, vol. 24, issue 6, 1416-1439
Abstract:
We introduce the “minimalist–activist” spectrum as an analytical prism through which to view key aspects of central banking theory and practice. We focus on the activist end of this spectrum, concentrating on economic growth. We explore the theoretical roots of these ideas in the writings of Dennis Robertson. We illustrate central banking practice by detailing some approaches followed by central banks pursuing economic growth and development in the decades following the Second World War. History of monetary thought, monetary theory, and analysis of central bank practices blend together to illuminate key principles and practices of central banking.
Date: 2017
References: View complete reference list from CitEc
Citations: View citations in EconPapers (2)
Downloads: (external link)
http://hdl.handle.net/10.1080/09672567.2017.1378691 (text/html)
Access to full text is restricted to subscribers.
Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:taf:eujhet:v:24:y:2017:i:6:p:1416-1439
Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/REJH20
DOI: 10.1080/09672567.2017.1378691
Access Statistics for this article
The European Journal of the History of Economic Thought is currently edited by José Luís Cardoso
More articles in The European Journal of the History of Economic Thought from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().