£107.58

About as cheap as it gets — within 5% of the all-time low it hit 1 month ago.

£108 today · all-time low £107 (Sep 2026) · usually the usual

Springer Central Bankers, Bureaucratic Incentives, and Monetary Policy: 13 (Financial and Monetary Policy Studies, 13)

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£110.42 £106.86 £107.63 £108.41 £109.19 £109.97 £110.74 26 July 2026 08 August 2026 21 August 2026 03 September 2026 17 September 2026
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7 days · current 33 days 14 days 0 8 17 25 33 £107 £109 £110 Days at Price

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Price range: £107 - £110

Price levels: 3 different prices over 54 days

Description

By now it has become obvious that Federal Reserve actions have an immense impact on the functioning of our economy. As a result, a great deal of research has been done on the Fed and on monetary policy. Much of this work is normative; it tells us what the Fed should do. Positive work on the Fed has usually tried to elucidate particular Fed policies, and has not tried to present a theory of why the Fed behaves the way it does. The dominant theory of Fed behavior is that the Fed does what it believes to be best for the public welfare. This theory - usually left implicit - is so simple, and seemingly so obviously correct, that it has received widespread credence without extended discussion or tests. When thinking about govern ment in general many observers doubt that it nearly always acts in the public interest. However, they ascribe this unfortunate state of affairs mainly to political pressures. Since the Fed is relatively removed from such pressures, the public interest theory of government seems more applicable to it.

Product Specifications

Format
paperback
Domain
Amazon UK
Publication Date
22 September 2011
Listed Since
21 December 2012

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