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The role of money and interest rates in the theory of monetary policy: an attempt at perspective

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  • Giuseppe Fontana

    () (Department of Economics, University of Leeds, UK - Università degli Studi del Sannio, Italy)

Abstract

Drawing on the work of influential monetary economists over the past centuries, the purpose of this paper is to present recent developments in the theory and practice of monetary policy, and assess the possibility that in the light of the recent financial crisis and Great Recession further developments highlighting the complex nature and role of banks and financial markets in modern economies will take place.

Suggested Citation

  • Giuseppe Fontana, 2011. "The role of money and interest rates in the theory of monetary policy: an attempt at perspective," History of Economic Ideas, Fabrizio Serra Editore, Pisa - Roma, vol. 19(3), pages 113-134.
  • Handle: RePEc:hid:journl:v:19:y:2011:3:5:p:113-134
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