Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/70379
Authors: 
Laidler, David
Year of Publication: 
2000
Series/Report no.: 
Research Report, Department of Economics, University of Western Ontario 2000-5
Abstract: 
This paper traces the evolution of debate about the question of Rules versus Discretion in monetary policy from about 1800 until the mid 1930s. Particular attention is paid to long-versus-short-run issues, notably with respect to the 1844 Bank Charter Act, and the Bagehot Principle, as well as to the effects of developments in the theory of value, the cycle and index numbers on economists’ perception on the scope of monetary policy. A brief discussion of post-World-War-2 developments links this material to present day concerns and common themes are noted.
Document Type: 
Working Paper

Files in This Item:
File
Size
120.57 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.