The role of money in monetary policy design of modern central banks

This paper considers the role of money, particularly the role of monetary analysis in monetary policy-making. During the last three decades, many central banks changed their monetary policy considerably. In the late 1970s money and the long-run effects of its movements on inflation were in the cente...

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Bibliographic Details
Main Author: Kožetinac Gradimir
Format: Article
Language:English
Published: Institute of International Politics and Economics, Belgrade 2007-01-01
Series:Međunarodni Problemi
Subjects:
Online Access:http://www.doiserbia.nb.rs/img/doi/0025-8555/2007/0025-85550704560K.pdf