The government of money : monetarism in Germany and the United States / Peter A. Johnson.

Format:

Book

Author/Creator:

Johnson, Peter A. (Peter Andrew)

Series:

Cornell studies in political economy

Language:

English

Subjects (All):

Monetary policy--Germany.

Monetary policy.

Banks and banking, Central.

Germany.

Monetary policy--United States.

United States.

Banks and banking, Central--Germany.

Banks and banking, Central--United States.

Physical Description:

xiv, 240 pages ; 25 cm.

Place of Publication:

Ithaca, N.Y. : Cornell University Press, 1998.

Summary:

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 heir 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.

Notes:

Includes bibliographical references (pages 219-230) and index.

ISBN:

0801428351

OCLC:

39640051