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Concluding Remarks

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Stabilising Capitalism

Abstract

Perhaps no law can draw the line between the effective discretion, and a harmful arbitrariness, of the central banker. The nature, importance and difficulty of his task must be understood by the political world, by economic and legal thought, by the judiciary, by public opinion.

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Notes

  1. Hansen, B., A Study in the Theory of Inflation, Allen and Unwin, London 1951.

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  2. Bronfenbrenner, M. and Holzman, F. D., “A Survey of Inflation Theory”, in: Surveys of Economic Theory, Macmillan, London 1965.

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  3. Pitchford, J. D., A Study of Cost and Demand Inflation, North-Holland, Amsterdam 1963.

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  4. IMF, Is It Time for an Infrastructure Push? The Macroeconomic Effects of Public Investment, World Economic Outlook, October 2014, Washington, Ch. 3.

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  5. Levine, R., “Finance and Growth. Theory and Evidence”, in: Aghion, P. and Durlauf, P.N. (eds), Handbook of Economic Growth, Elsevier, New York 2005

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© 2015 Pierluigi Ciocca

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Ciocca, P. (2015). Concluding Remarks. In: Stabilising Capitalism. Palgrave Macmillan Studies in Banking and Financial Institutions. Palgrave Macmillan, London. https://doi.org/10.1057/9781137555519_12

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  • DOI: https://doi.org/10.1057/9781137555519_12

  • Publisher Name: Palgrave Macmillan, London

  • Print ISBN: 978-1-349-57314-1

  • Online ISBN: 978-1-137-55551-9

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