Reflections on monetarism : Britain's vain search for a successful economic strategy

목차 (Table of Contents)

• CONTENTS
• List of tables and figures = xi
• Introduction = 1
• PART ONE THE RISE OF BRITISH MONETARISM
• 1. Setting the agenda = 13
• Money Supply Targeting vs Interest Rate Targeting, From an article 'The money supply - more meaningful than interest rates as a policy goal' in The Times, 2 July 1975 = 14
• Money Supply Targets vs Fixed Exchange Rates, From an article 'A conflict of objectives in the Government's monetary policy' in The Times, 19 January 1976 = 18
• 2. Some key themes = 22
• Price Stability and the 'Natural' Level of Unemployment, Reprinted from an article of the same name in The Times, 22 January 1975 = 24
• Gradual Monetary Deceleration - A Theme in British Monetarism, From an article 'Making headway through the gentle therapy of British monetarism' in The Times, 29 April 1975 = 27
• The Importance of Money in Macroeconomic Forecasting-Part 1, From an article 'A lesson from the Treasury on how to be precisely wrong'in The Times, 28 August 1975 = 30
• 3. The rationale of the Medium-Term Financial Strategy = 36
• Monetarism and the Budget Deficit, Paper given to the Money Study Group conference at Brasenose College, Oxford, 14 September 1976 = 38
• A Proposal for a Medium-Term Financial Plan, From a memorandum on the Expenditure White Paper Cmnd 7049, submitted to the General Sub-Committee of the Expenditure Committee of the House of Commons in 1978 = 49
• The Medium-Term Financial Implications of North Sea Oil, From the June 1979 issue of Financial Analysis, the quarterly forecast of L. Messel & Co. = 55
• The Analytical Foundations of the Medium-Term Financial Strategy, From an article of the same name in the May 1984 issue of Fiscal Studies, the journal of the Institute for Fiscal Studies = 65
• 4. Britain's monetarist experiment - initial setbacks followed by triumph = 78
• The Need for a Medium-Term Perspective, From an article 'When Balogh was wrong' in The Spectator, 14 March 1981 = 80
• Why did Monetarism have so much Trouble in the Early 1980s?: 1. The Missed Targets, From an article 'Why has monetarism failed so far?: 1. The missed targets' in The Banker, March 1982 = 83
• Why did Monetarism have so much Trouble in the Early 1980s?: 2. The Public Sector Problem, From an article 'Why has monetarism failed so far?: 2. The public sector problem' in The Banker, April 1982 = 95
• The Value of a Long-Term Anti-Inflation Programme, From an article 'Winning the economic war' in The Spectator, 29 May 1982 = 104
• A Confident Forecast of Prosperity in the Mid-1980s, From an article 'Following Friedman' in The Spectator, 28 May 1983 = 107
• A Perspective on a Decade of Progress, From an article 'Alternatives galore, but none of them better' in The Times, 28 September 1985 = 111
• PART TWO THE FALL OF BRITISH MONETARISM
• 5. Early warnings = 117
• Is Lawson Heading for Another Barber Bubble?, From an article of the same name in The Times, 17 October 1985 = 118
• Why the European Monetary System Is No Easy Option, From an article of the same name in The Times, 22 November 1985 = 121
• A Forecast of a Lawson 'Mini-Boom', From an article 'Why Lawson must repent' in The Times, 9 January 1986 = 123
• Broad Money vs Narrow Money, From an article 'Time to take a broader view of money' in the Financial Times, 16 April 1986 = 126
• 6. A typical Tory boom = 129
• Will the House-Buying Boom Save Thatcher?, Reprinted from an article of the same name in The Times, 17 June 1986 = 130
• Why Lawson should have Re-Introduced a Broad Money Target in Late 1986, From an article 'Why Lawson must stick to his target' in The Times, 31 October 1986 = 132
• The Credit Boom and the Case for a More Independent Bank of England, From an article 'Mr Lawson's secret inflation' in The Spectator, 27 June 1987 = 135
• Stop-Go Returns, From an article 'The return of stop-go?' in The Times, 20 October 1987 = 140
• The Lawson Boom in the Light of the Crash, From an article of the same name in Economic Affairs, February March 1988 = 143
• Even the Housing Boom can Turn to Bust, Reprinted from an article of the same name in The Spectator, 14 May 1988 = 150
• 7. I told you so = 154
• Quick, Quick, Slow, Stop-Go, Reprinted from an article of the same name in The Times, 25 July 1988 = 155
• On Teenage Scribblers and Computerized Sheep, From an article 'Scribblers in the stocks' in The Times, 27 September 1988 = 158
• The Lawson Boom: Not Quite as Bad as the Barber Boom, From an article 'Will the Lawson boom cause as much inflation as the Barber boom?' in Economic Affairs, April May 1989 = 160
• On Property Speculation and Business Entrepreneurship, From an article 'Boxed in by the boom' in The Times, 25 October 1988 = 164
• 8. Some initial theorizing = 167
• Credit, Broad Money and Economic Activity, Reprinted from, a paper 'Credit, broad money and the economy' published in Reflections on Money (ed. D. Llewellyn) = 171
• The Importance of Money in Macroeconomic Forecasting-Part 2, From an article 'A new and complete economic model for the Chancellor' in The Spectator, 11 March 1989 = 191
• PART THREE KEYNES AND BRITISH MONETARISM
• 9. Keynes and British monetarism = 197
• Are We Really All Keynesians Now?, From an article of the same name in Encounter, April 1975 = 197
• Keynes, British Monetarism and American Monetarism From a paper 'British and American monetarism compared' published in Keynes, Money and Monetarism (ed. R. Hill) = 209
• The Exchange Rate in British Monetary Policy - or Where British Economics Went Wrong, From an inaugural lecture at Cardiff Business School, November 1990 = 234
• PART FOUR TWO PERIOD PIECES
• 10. Two period pieces = 259
• The Intelligent Radical's Approach to the Balance of Payments Reprinted, from an article 'A new approach to the balance of payments' in Lloyds Bank Review, October 1982 = 261
• Introducing the Concept of 'Equity Withdrawal', From a paper 'The coming boom in housing credit' written in 1982 for the stockbroking firm L. Messel & Co. with Paul Turnbull = 274
• Index = 289