The Introduction of Money Supply Targets

  • Tim Congdon


With the defeat of inflation a top political priority in all the major economies, there has been a world-wide shift towards a style of macroeconomic management based on money supply control. Money supply targets, declared in advance and articulated clearly as a prime policy objective, are an expression of this shift. Although a relative newcomer in Britain, the practice of monetary targetry seems to have become firmly established.


Exchange Rate Interest Rate Monetary Policy Money Supply Budget Deficit 
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Notes to Chapter 1

  1. (1).
    C. Goodhart Money, Information and Uncertainty Macmillan: London 1975, p. 242.Google Scholar

Copyright information

© Tim Congdon 1982

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  • Tim Congdon

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