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Other Papers on :Interest rates and Monetary Policy

P/E/345. Monetarism doctrine: theoretic approaches and influence on UK economy

(2005, 2000 words)

The paper reviews the theoretical issues of the monetarism doctrine outlining its key components and discussing its influence on the British economy over 1970s. The difference between monetary and fiscal policies is outlined; monetarist approaches to the balance of payments (BoP), the quantity theory of money (QTM), and the expectations augmented Phillips curve (PC) are reviewed.
 
   
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