The Government of Money : : Monetarism in Germany and the United States / / Peter A. Johnson.
In recent years governments have increasingly given their central banks the freedom to pursue policies of price stability. In particular, the German Bundesbank and the U.S. Federal Reserve have been widely considered models of autonomous policymaking. This book traces the origins of their success to...
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Superior document: | Title is part of eBook package: De Gruyter Cornell University Press Archive Pre-2000 |
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Place / Publishing House: | Ithaca, NY : : Cornell University Press, , [2019] ©1998 |
Year of Publication: | 2019 |
Language: | English |
Series: | Cornell Studies in Political Economy
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Online Access: | |
Physical Description: | 1 online resource (256 p.) |
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100 | 1 | |a Johnson, Peter A., |e author. |4 aut |4 http://id.loc.gov/vocabulary/relators/aut | |
245 | 1 | 4 | |a The Government of Money : |b Monetarism in Germany and the United States / |c Peter A. Johnson. |
264 | 1 | |a Ithaca, NY : |b Cornell University Press, |c [2019] | |
264 | 4 | |c ©1998 | |
300 | |a 1 online resource (256 p.) | ||
336 | |a text |b txt |2 rdacontent | ||
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347 | |a text file |b PDF |2 rda | ||
490 | 0 | |a Cornell Studies in Political Economy | |
505 | 0 | 0 | |t Frontmatter -- |t Contents -- |t Preface -- |t Abbreviations -- |t CHAPTER ONE. The Problem of Economic Policy Innovation in Democracies -- |t CHAPTER TWO. The Origins of the Bundesbank's Corporate Culture -- |t CHAPTER THREE. The Bundesbank's Monetarist Regime Change, I970-I985 -- |t CHAPTER FOUR. The Origins of the Federal Reserve's Corporate Culture -- |t CHAPTER FIVE. The Monetarist Revolution and the Fed, I970-I98J -- |t CHAPTER 6. Central Banks as Guardians of Democracy -- |t Notes -- |t Index |
506 | 0 | |a restricted access |u http://purl.org/coar/access_right/c_16ec |f online access with authorization |2 star | |
520 | |a In recent years governments have increasingly given their central banks the freedom to pursue policies of price stability. In particular, the German Bundesbank and the U.S. Federal Reserve have been widely considered models of autonomous policymaking. This book traces the origins of their success to the political struggle to adopt monetarism in Germany and the United States.The Government of Money contends that the political involvement of monetarist economists was central to this endeavor. The book examines the initiatives undertaken by monetarists from 1970 to 1985 and the policies that resulted once their ideas were enacted. Taking a historical approach to major issues of political economy, Peter A. Johnson describes both the political efforts of the monetarist economists to convert central banks to their preferred policies and the resistance offered by traditionalist central bankers, politicians, and financial and labor interests.Johnson concludes that monetarist ideas succeeded in part because their supporters convincingly claimed that price stability would promote political stability. He thereby challenges important assumptions about politics and policymaking in both countries and reveals the often hidden influence of monetary policy on the health of capitalist democracies. | ||
538 | |a Mode of access: Internet via World Wide Web. | ||
546 | |a In English. | ||
588 | 0 | |a Description based on online resource; title from PDF title page (publisher's Web site, viewed 02. Mrz 2022) | |
650 | 0 | |a Monetary policy |z Germany. | |
650 | 4 | |a General Economics. | |
650 | 4 | |a Political Science & Political History. | |
650 | 7 | |a POLITICAL SCIENCE / Political Economy. |2 bisacsh | |
773 | 0 | 8 | |i Title is part of eBook package: |d De Gruyter |t Cornell University Press Archive Pre-2000 |z 9783110536171 |
856 | 4 | 0 | |u https://doi.org/10.7591/9781501744532 |
856 | 4 | 0 | |u https://www.degruyter.com/isbn/9781501744532 |
856 | 4 | 2 | |3 Cover |u https://www.degruyter.com/document/cover/isbn/9781501744532/original |
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