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Monetary policy and price stability in British post-war debate: restatement of evidence from economists' papers presented to the Radcliffe Committee.

Authors :
Cristiano, Carlo
Paesani, Paolo
Source :
European Journal of the History of Economic Thought. Dec2018, Vol. 25 Issue 6, p1311-1341. 31p.
Publication Year :
2018

Abstract

The article reconstructs the opinions expressed by academic economists in front of the Radcliffe Committee, whose Report was a document of considerable importance for the post-war theory of monetary policy. The Committee provided one of the first official occasions to discuss the nexus between inflation and unemployment in Britain and the role of monetary policy in achieving price stability. Analyzing the Report, the Memoranda and the Minutes of evidence put forth in front of the Committee, the article documents the innovative aspects of the Radcliffe doctrine on monetary issues and its complex connections with Keynesian and Post-Keynesian monetary theory. [ABSTRACT FROM AUTHOR]

Details

Language :
English
ISSN :
09672567
Volume :
25
Issue :
6
Database :
Academic Search Index
Journal :
European Journal of the History of Economic Thought
Publication Type :
Academic Journal
Accession number :
136072653
Full Text :
https://doi.org/10.1080/09672567.2018.1523444