Difference between revisions of "Monetary policy"
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According to [[Principles of Economics by Timothy Taylor (3rd edition)]], | According to [[Principles of Economics by Timothy Taylor (3rd edition)]], | ||
:[[Monetary policy]]. Policy that involves altering the quantity of money and thus affecting the level of interest rates and the extent of borrowing. | :[[Monetary policy]]. Policy that involves altering the quantity of money and thus affecting the level of interest rates and the extent of borrowing. | ||
| + | According to [[Macroeconomics by Mankiw (7th edition)]], | ||
| + | :[[Monetary policy]]. The central bank's choice regarding the supply of money. | ||
[[Category: Economics]][[Category: Articles]] | [[Category: Economics]][[Category: Articles]] | ||
Latest revision as of 17:46, 2 July 2020
Monetary policy is a policy that involves altering the quantity of money and thus affecting the level of interest rates and the extent of borrowing.
Definition
According to Principles of Economics by Timothy Taylor (3rd edition),
- Monetary policy. Policy that involves altering the quantity of money and thus affecting the level of interest rates and the extent of borrowing.
According to Macroeconomics by Mankiw (7th edition),
- Monetary policy. The central bank's choice regarding the supply of money.
