Two types of monetary policy

Authors

  • J.C.R. DOW

DOI:

https://doi.org/10.13133/2037-3643/10928

Keywords:

Monetary policy, Demand management approach, Monetary targets approach

Abstract

The article traces the origin, development and effectiveness of two types of monetary policy. These are the 'demand management' approach, which uses monetary instruments as a means of maintaining policy, and the 'monetary targets' approach. The United Kingdom has moved from favouring the latter approach to the former, and the reasons behind this change of attitude are discussed. In addition the experiences of Italian governments and monetary policies are outlined.

 

JEL: E52

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Published

2013-10-22

How to Cite

DOW, J. (2013). Two types of monetary policy. PSL Quarterly Review, 43(173). https://doi.org/10.13133/2037-3643/10928

Issue

Vol. 43 No. 173 (1990)

Section

Editorial

License

 
 
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