|HCB. The central banks . Traditions, operating procedures, and accounting controls influence the choice of economic theory on which government bases its central banking and financial markets policies. (Note: The choice of a theory on which to implement policy may have not only political overtones but dependence on accounting arrangements, for accounting control purposes, and on past practices and traditions [including constitutional and statutory matters].)|
|HTW. The theoretical works. Underlying the theoretical works, such as Keynes General Theory and Friedman and Schwartz Monetary Trends, are implied views of central banking arrangements, policy approaches, and the means of intervention into the money market.|
|HFE. Fashionable econometrics. The 1970s and 1980s sample periods--for which I analyze data represent the same universe.|
|Hi(long). The long-term bond rate. "The rate of interest" is raised or lowered directly via the central bank and thus independently of the inflation/deflation rates (also, inflationary/deflationary expectations rates).|
|HUT/FE.The U-Turn prospects. The seventies and eighties policy regimes are indistinguishable. (This is such as to leave open the traditional prospects whereby inflation rates, interest rates, and exchange rates can be manipulated by government, as if they were independent of one another.)|
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Publication information: Book title: The Central Banks:The International and European Directions. Contributors: William Frazer - Author. Publisher: Praeger. Place of publication: Westport, CT. Publication year: 1994. Page number: 3.
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