An authoritative inside account of the origins, successes and failures of monetarism in Britain. Gordon Pepper provides a portrait of early monetarism in the UK, explains its growing appeal in the 1970s and assesses the outcome of monetarism under Thatcher, from his own perspective as a 'fly on the wall'. He provides a comprehensive guide to macroeconomic forecasting and its policy implications.
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'...one cannot fault Pepper's history of economic forecasting during that last 30 years and his economic analysis should be seized upon by students and lecturers if they really want to understand money from a master practitioner in the City.' - Michael Oliver, Contemporary British History
'Gordon Pepper was a leading participant in the thoretical disputes which undermined the neo-Keynesian monopoly in monetary policy-making without elaborating an agreed conceptual framework or statistical matrix to take its place...It is hard to...better his outstanding mastery of monetary econometrics.' - Alfred Sherman, Spectator
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