Daniel, Liparã - In: Ovidius University Annals, Economic Sciences Series XI (2011) 2, pp. 723-727
Out of the two types of monetary policy interventions – along with passive ones – active interventions are bettter used … interest – as the most important monetary policy instrument – and their implications in macroeconomic stability. Wicksell … contributed to the development of monetary policy by updating the old style fashion quantity theory of money, emphasising its …