Monetary theory and monetary policy: Reflections on the development over the last 150 years

Otmar Issing and Volker Wieland

No 67, IMFS Working Paper Series from Goethe University Frankfurt, Institute for Monetary and Financial Stability (IMFS)

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.

Date: 2012
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Related works:
Journal Article: Monetary Theory and Monetary Policy: Reflections on the Development over the last 150 Years (2013)
Working Paper: Monetary theory and monetary policy: Reflections on the development over the last 150 years (2012)
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:imfswp:67

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