Monetary Theory as a Basis for Monetary Policy (International Economic Association Series). Este artículo no está disponible.Monetary Theory as a Basis for Monetary Policy (International Economic Association Series)

Since the inflationary 1970s, theoretical work on monetary policy has concentrated almost exclusively on price-level stabilization and the avoidance of nominal shocks. In the aftermath of the collapse of financial bubbles in various parts of the world, the accomplishments and limitations of this dominant approach are debated in this volume edited by Axel Leijonhufvud, with contributions by a number of noted monetary economists, including Nobel Laureate Robert Lucas.

AXEL LEIJONHUFVUD is Professor Emeritus of the University of California at Los Angeles and is Professor of Monetary Economics at the University of Trento, Italy. His books include On Keynesian Economics and the Economics of Keynes, Information and Coordination, (with Daniel Heymann) High Inflation and Macroeconomic Instability and Coordination: Selected Essays.