Economics, Econometrics and Finance
8 years ago

150 Years of Monetary Theory: How it Shaped Our Financial World

Jahrbücher für Nationalökonomie und Statistik
Monetary Theory and Monetary Policy: Reflections on the Development over the last 150 Years
Otmar Issing, Volker Wieland

Paper Summary

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The article reflects on how ideas about money and how to control it have changed over the past 150 years. It focuses on key moments in this evolution, showing how these ideas have been shaped by politics, finance, academic debates, and the decisions of central banks.