Monetary Policy Primer Archives - Page 3 of 3

demand for money, monetary aggregates, monetary policy, price level

Economic Thought, Monetary Policy Primer, The Fed & Central Banks

A Monetary Policy Primer, Part 2: The Demand for Money

George Selgin/April 28, 2016February 28, 2019 /11 Comments

Although there's no such thing as a straightforward measure of the quantity of money in an economy, monetary policy is nonetheless about managing that quantity. How ought it to be managed? The (misleadingly) simple-sounding answer is: so that it neither falls short of nor exceeds the quantity…

monetary policy, interest rates, central banking, money supply

Monetary Policy Primer, The Fed & Central Banks

A Monetary Policy Primer, Part 1: Money

George Selgin/April 21, 2016February 28, 2019 /40 Comments

It occurs to me that, despite the unprecedented flood of writings of all sorts — books, blog-posts, newspaper op-eds, and academic journal articles — addressing just about every monetary policy development during and since the 2008 financial crisis, relatively few attempts have been made to step back…