Note sulla teoria della politica monetaria
DOI:
https://doi.org/10.13133/2037-3651/10957Parole chiave:
Monetary policy, behavioural norms, monetary authoritiesAbstract
The theoretical foundations of monetary policy are made up from the analysis of the essential properties of money and the relations that link currencies to the economic system. From this double set of closely related principles derive the behavioural norms set for monetary authorities. The ongoing and unresolved debate on the actions of policymakers has its origins in the contrast between different approaches to the theory of money. This is due not so much to the dependence of the assumptions from the institutional framework, typical of a relativist position, as it is to the intrinsic complexity of the phenomena considered. The purpose of the present work is to discuss the limits and the significance of the different rules of conduct through a survey about the main characteristics of the underlying models.
JEL Codes: E52
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