Money, Inflation and the Constitutional Position of Central Bank

by Charles A.E. Goodhart and Milton Friedman

There are at least three requirements for an economy to maintain stable prices. Policy markers and opinion formers must understand that inflation brings no medium or long-term economic benefit; the causes of inflation -- monetary growth -must be also be understood; and there needs to be a stable and credible institutional structure that will deliver a sound monetary policy. This book brings together two classic IEA papers by Nobel Prize winner Milton...

• Format: Paperback
• Language: English
• ISBN: 0255365381
• ISBN13: 9780255365383
• Release Date: April 2003
• Publisher: Institute of Economic Affairs
• Length: 96 Pages
• Weight: 0.33 lbs.
• Dimensions: 0.3" x 5.3" x 7.6"