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anything left of the 'Keynesian revolution'? -- Part III: Defining British monetarism -- 6. The political economy of monetarism … -- 7. British and American monetarism compared -- Part IV: the debate on the 1981 budget -- 8. Do budget deficits 'crowd … professor Stephen Nickell and Tim Congdon -- Part V: Did monetarism succeed? -- 11. Assessing the conservatives' record -- 12 …
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This paper uses a simple money demand and supply framework to estimate the impact of quantitative easing (QE) on asset prices and nominal spending. We use standard money accounting to try to establish the impact of asset purchases on broad money holdings. We show that the initial impact of £200...
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This authoritative book analyses the recent problems associated with the UK's monetary system and suggests a long-term solution to control bank lending in the future. It draws on extensive historical material, discussions with former senior officials and politicians, and the perceptive insights...
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