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The key elements of effective central banking that account for much of the improvement in monetary policy around the world today are outlined and explained. The past quarter of the century has been a revolutionary period in which the world emerged from great inflation and output instability into...
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USA. Possible reasons for the changes are explored. Special attention is given to the more favourable reception of Roscher … in the USA as opposed to the UK. A central point is that his influence and importance in the USA changed as time passed …
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