The Rise and Fall of Monetary Targeting in Australia
Australian History Textbook Economics Finance Public Policy Monetary Policy
The Rise and Fall of Monetary Targeting in Australia (2005, ISBN 9781740970730) is the go-to intermediate textbook for anyone who wants to understand why Australia abandoned strict money-supply targets and how that policy shift shaped today’s Reserve Bank framework. In 348 tightly-written pages, economist Simon Guttmann walks readers—tertiary students, finance professionals, policy buffs—through the intellectual rise of monetarism in the 1970s, the practical headaches of hitting M3 or broad-money benchmarks in the 1980s, and the ultimate switch to flexible inflation targeting in the 1990s. Charts, parliamentary excerpts and RBA data tables are integrated into the narrative, so learners see exactly how headline KPIs moved when target bands were widened, narrowed or abandoned altogether.
What makes this particular copy special is its collector-grade condition: a clean, unmarked interior with no highlighting, margin notes or dog-eared corners, plus a tight, square binding that will survive repeated semester reference. The paperback format keeps the book light for commuter reading while the matte cover shows only light shelf scuffing—cosmetic only, no creases to the spine. Coming from a smoke-free home, it presents as near-new inside, making it ideal for both coursework and professional shelf display.
Because the title has never been reprinted, very-good copies are increasingly scarce on the secondary market. Students hunting for an affordable yet comprehensive primer on Australian monetary history, or investors seeking context for current RBA forward-guidance, consistently rank this work above later macro texts for its Australia-specific evidence and Guttmann’s balanced critique. Secure this copy now to gain a concise, data-rich reference that explains today’s cash-rate debates in the context of four decades of evolving central-bank doctrine.
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