Fontana, Giuseppe - In: Intervention. Zeitschrift fuer Ökonomie / Journal of … 03 (2006) 2, pp. 263-278
One of the greatest achievements of the modern 'New Consensus' view in macroeconomics is the assertion of a non-quantity-theoretic approach to monetary policy. Leading theoricians and practitioners of this view have indeed rejected the quantity theory of money, and defended a return to the old...