The new Scott Sumner book

It is called Alternative Approaches to Monetary Policy, it is on-line and free.  I have not read it yet, but here is part of the preface:

From feedback received on The Money Illusion, I see a need to take a deeper look at the fundamentals of monetary policy. What is monetary policy? Why do economists find it so hard to agree on a consensus model? Why do monetary theories seem cyclical, with various approaches going in and out of fashion over time? Why is it so difficult to clearly identify the points of disagreement? To answer these and other questions, it is necessary to go beyond discussing my own views of how the economy works and which policies seem best. We need to figure out why economists differ on some of the most basic questions in monetary economics.

Nicely presented, it is 219 pp. in total.  Here Scott comments on the book.

Comments

Comments for this post are closed