Monetary Theory and Policy Experience

Why do governments prefer to limit themselves to a specific inflation target? Specialists and senior officials of the European Central bank, the OECD and national central banks look beyond inflation targeting as the goal of monetary policy. Among the contributing, Nobel Laureate Robert Mundell surveys the history and prospects of the sovereignty of the state over money, while Michael Bordo and Lars Jonung use data of 14 industrialized countries to show relationships between fiscal and monetary regimes.Leijonhufvud, Axel is the author of 'Monetary Theory and Policy Experience' with ISBN 9780333960899 and ISBN 0333960890.