As a tribute to the exceptional contributions of Alan Walters to
monetary theory and policy, this book draws together a
distinguished cast of international contributors to write about
money. In a series of essays they review controversies in monetary
economics and debate current policy issues.Combining theoretical
analysis with policy evaluation, this book touches on a whole
spectrum of issues ranging from monetary union and exchange rate
regimes, to credit rationing and policy games. The book focuses on
the problems of modelling the effects of monetary and fiscal
policy, and setting optimal policies for the future. It concludes
with two stimulating panel discussions, one questioning whether the
UK should join the Euro and the other discussing the appropriate
targets of monetary policy. Bringing together for the first time
papers celebrating Alan Walters' achievements in this field, this
book will be warmly welcomed by those with special interest in
monetary economics, particularly policymakers, students and
academics.
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