Interview: Manfred J.M. Neumann

You are known perhaps as the leading German monetarist. What do you see as the legacy of the monetarism?

The legacy has been first, that if you want to control inflation then you need to control money growth and that means you have to hold money growth on a non-inflationary trend. Preferably you would have a monetary rule, which you follow. Secondly, the other legacy is that you should keep money growth as stable as possible in order to avoid becoming, as a central bank, also a source of

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: