{"title":"J C R Dow","description":null,"products":[{"product_id":"critique-of-monetary-policy-book-j-c-r-dow-9780198283195","title":"A Critique of Monetary Policy","description":"This book is both a theory of monetary policy, and an examination of how it has worked in the UK. It first analyses the behaviour of the banking system, and then the difficulties of central bank control. The authors argue that money creation is an endogenous process, determined partly by the price level, and not the other way round.","brand":"WoB","offers":[{"title":"GB \/ VERY_GOOD \/ INTERNAL","offer_id":49582985969937,"sku":"GOR002908514","price":0.0,"currency_code":"GBP","in_stock":false},{"title":"GB \/ GOOD \/ INTERNAL","offer_id":49660081340689,"sku":"GOR001984079","price":0.0,"currency_code":"GBP","in_stock":false},{"title":"US \/ NEW \/ INGRAM","offer_id":51181032538385,"sku":"NIN9780198283195","price":0.0,"currency_code":"GBP","in_stock":false},{"title":"GB \/ NEW \/ INGRAM","offer_id":52353253048593,"sku":"NLS9780198283195","price":0.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0784\/4072\/6801\/files\/0198283199.jpg?v=1750843136"},{"product_id":"major-recessions-book-j-c-r-dow-9780198288589","title":"Major Recessions","description":"In the twentieth century there have been five major recessions: two in the interwar period, and three more starting 1973, 1979, and 1989. This book focuses on events in the UK, but sets them in their international context, and makes frequent comparisons with other countries. Major recessions happened at a similar time in all major countries, and the lessons are general. Three main conclusions are reached: (1) major recessions reflect abrupt fallings off in demand, not supply; (2) these are due to identifiable demand shocks and by swings in consumer and business confidence which amplify the direct effects of demand shock; (3) major recessions are not predictable. In the final chapter, Christopher Dow puts forward an insider's view on how to avoid future severe recessions: action must be taken to control booms, which if uncontrolled will lead to a period of bust, and once a major recession has begun, fiscal and monetary policy must be adjusted to mitigate the downturn. Often unpopular with economists, this is the line which many governments and central banks take: Major Recessions will help them to have more success.","brand":"WoB","offers":[{"title":"GB \/ VERY_GOOD \/ INTERNAL","offer_id":49762273788177,"sku":"GOR001772924","price":0.0,"currency_code":"GBP","in_stock":true},{"title":"GB \/ GOOD \/ INTERNAL","offer_id":50648652349713,"sku":"GOR014023221","price":0.0,"currency_code":"GBP","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0784\/4072\/6801\/files\/0198288581.jpg?v=1751100797"},{"product_id":"management-of-the-british-economy-194560-book-j-c-r-dow-9780521094672","title":"The Management of the British Economy 194560","description":null,"brand":"WoB","offers":[{"title":"GB \/ VERY_GOOD \/ INTERNAL","offer_id":50339675504913,"sku":"GOR005205402","price":0.0,"currency_code":"GBP","in_stock":false},{"title":"GB \/ WELL_READ \/ INTERNAL","offer_id":51820652658961,"sku":"GOR005855448","price":0.0,"currency_code":"GBP","in_stock":false},{"title":"GB \/ GOOD \/ INTERNAL","offer_id":51875171762449,"sku":"GOR002585709","price":0.0,"currency_code":"GBP","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0784\/4072\/6801\/files\/0521094674.jpg?v=1750879693"},{"product_id":"critique-of-monetary-policy-book-j-c-r-dow-9780198285991","title":"A Critique of Monetary Policy","description":"This book is both a theory of monetary policy and an examination of how it has worked in the UK. It first analyzes the behaviour of the banking system, and then the difficulties of central bank control. The authors argue that money creation is an endogenous process, determined partly by the price level, and not vice versa. The book challenges some of the accepted wisdoms of monetary theory, providing a basic explanation of why monetary targets are now being abandoned, and makes proposals for the post-target era.","brand":"WoB","offers":[{"title":"GB \/ VERY_GOOD \/ INTERNAL","offer_id":53603773907217,"sku":"GOR010626357","price":0.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0784\/4072\/6801\/files\/9780198285991.jpg?v=1779966224"}],"url":"https:\/\/www.worldofbooks.com\/en-gb\/collections\/author-books-by-j-c-r-dow.oembed","provider":"World of Books ","version":"1.0","type":"link"}