"Central banks are facing an unprecedented test in the wake of the credit crisis. We briefly outline prevailing theoretical frameworks and argue that central bankers effectively have a choice between three separate frameworks: Vienna, Cambridge and Chicago. Despite Austrian economics being the least acknowledged we survey increasing exposure in mainstream media, suggesting a role for a more explicit use. We provide implications for policy-makers and claim that Austrian ideas have a place at the top table of policy debate." Copyright (c) 2008 The Authors. Journal compilation (c) Institute of Economic Affairs 2008.
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Article provided by Blackwell Publishing in its journal Economic Affairs.
Volume (Year): 28 (2008) Issue (Month): 4 (December) Pages: 36-41 Download reference. The following formats are available: HTML
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