Economic Policies for Growth and Sustainability
Edited by Nikolaos Karagiannis and John E. King
Chapter 4: Monetary policy
Toporowski reviews important monetary theory and policy notions, and discusses monetary policy setting, endogeneity and the structure of financial markets. By examining the main reasons that can lead to monetary policy failure to influence economic decisions, the author strongly advocates those structural connections between financing and monetary policy that make monetary policy endogenous and are exactly the ones that are relied upon in alleviating financial instability.
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