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Credit as Intermediate Target of Monetary Policy?

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Monetary Theory and Monetary Policy

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Abstract

Monetarism is in retreat. The to date assumedly ‘essential’ cornerstones of monetarist theorising are again open to question. Many of the pertinent questions now emerging are basically asking how the financial and the real sectors of an economy interact; how the transmission process of monetary impulses operates; and finally, whether the money supply in whatever form of monetary aggregates, debt measures or interest rates should be used for monetary targeting.

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Notes

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Authors
  1. Wolfgang Filc
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Editors and Affiliations

  1. Free University, Berlin, Germany

    Stephen F. Frowen (formerly Bundesbank Professor of Monetary Economics) (formerly Bundesbank Professor of Monetary Economics)

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© 1993 Stephen F. Frowen

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Filc, W. (1993). Credit as Intermediate Target of Monetary Policy?. In: Frowen, S.F. (eds) Monetary Theory and Monetary Policy. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-23096-9_14

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