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Dow, J. C. R.
Visiting Fellow, National Institute for Economic and Social Research; formerly Economics Director, Bank of England
Saville, I. D.
Senior Investment Manager, Bank of England
Print publication date: 1990 (this edition)
Published to Oxford Scholarship Online: November 2003 Print ISBN-13: 978-0-19-828319-5 |
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doi:10.1093/0198283199.003.0009
Abstract: A discussion on monetary base control forms the context of this chapter. It begins by defining what is known as the wide monetary base. It covers the debates over monetary base control by examining ideas presented in the 1980 Green Paper and writings by Friedman. It then goes on to discuss the effects of monetary control in relation to central banks and narrow money. It concludes with an assessment of the usefulness of monetary base control as an easy way to control monetary growth.
Keywords: broad money, central banks, Milton Friedman, monetary base control, monetary growth, narrow money, wide monetary base, 
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9 Monetary Base Control
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