Monetary Policy: Rules Versus Discretion

Under a classical gold standard, there is little need for a central bank other than to provide coordination to the payments system. The value of money is determined by the supply of and the demand for ...

  • Loading...
locked icon

Sign in to access this content

Get a 30 day FREE TRIAL

  • Watch videos from a variety of sources bringing classroom topics to life
  • Read modern, diverse business cases
  • Explore hundreds of books and reference titles