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Conclusion

In: The New Art of Central Banking

Author

Listed:
  • M. L. Burstein

    (York University)

Abstract

Scanning more than two thousand years of economic history, it is hard to discern spontaneous monetary impetus to real economic fluctuations. But systematic vibration in the action of monetary authorities (MAs) may induce systematic ‘real’ vibration. Of course, an MA might impart a regular vibration to an economy it makes less volatile.

Suggested Citation

  • M. L. Burstein, 1991. "Conclusion," Palgrave Macmillan Books, in: The New Art of Central Banking, chapter 11, pages 219-233, Palgrave Macmillan.
  • Handle: RePEc:pal:palchp:978-1-349-11626-3_11
    DOI: 10.1007/978-1-349-11626-3_11
    as

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