@article {Diatkine:2013:0967-2567:715,
title = "Monetary policy on interest rates: a retrospective analysis since Thornton",
journal = "European Journal of the History of Economic Thought",
parent_itemid = "infobike://routledg/rejh",
publishercode ="routledg",
year = "2013",
volume = "20",
number = "5",
publication date ="2013-10-01T00:00:00",
pages = "715-740",
itemtype = "ARTICLE",
issn = "0967-2567",
eissn = "1469-5936",
url = "https://www.ingentaconnect.com/content/routledg/rejh/2013/00000020/00000005/art00002",
doi = "doi:10.1080/09672567.2011.653881",
keyword = "classical monetary policy, interest rate monetary policy, Money market, Wicksell's monetary policy, Keynes's monetary policy",
author = "Diatkine, Sylvie",
abstract = "In response to the affirmation by certain authors and critics of a recent return to an interest-rate policy that, in their opinion, resembles a throwback to the nineteenth century theory of monetary policy on interest rates, I pose the question of the difficulties of interest-rate policy
in a retrospective analysis beginning with the current that founded the short-term interest rate policy within classical analysis and by focusing my discussion on several key authors (Thornton, Banking School, Bagehot, Wicksell, Keynes, contemporary authors such as Woodford). To this end,
I study the importance that the interbank money market plays for these authors, which determines the target rate for the central bank.",
}