Title: Monetary regimes of the twentieth century /
Authors: Britton, Andrew
Publisher: Cambridge University Press,
Year: 2001
Subjects: Money History; Monetary policy History
Abstract: "Abstract economic theory may be timeless and potentially universal in its application, but macroeconomics has to be seen in its historical context. The nature of the policy regime, the behaviour of the economy and the beliefs of professional economists all interact, and influence each other. This short historical account of monetary regimes since 1900 shows how the role of policy has changed, and how this has related to experience of inflation and the real economy, as well as to changes in political philosophies."