The Rationale of Money Supply Targets

Tim Congdon

Chapter 2 in Monetary Control in Britain, 1982, pp 9-26 from Palgrave Macmillan

Abstract: Abstract Money supply control is not pursued for its own sake, but as a means to the attainment of other, more important ends, such as price stability and full employment. (1) The present chapter tries to explain the relationship between money supply movements and these ultimate goals of economic policy, and so to provide a rationale for money supply targets.

Keywords: Monetary Policy; Money Supply; Price Stability; Inflation Expectation; Monetary Aggregate (search for similar items in EconPapers)
Date: 1982
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-04728-4_2

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DOI: 10.1007/978-1-349-04728-4_2

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