61.  What form should monetary policy take?

62.  What are the goals of monetary policy?

63.  Where does monetary policy fit into the total package of macroeconomic policies?

64.  How reliable is monetary policy in controlling monetary variables?

65.  The prime weapon for managing demand is discretionary fiscal policy, with monetary policy being used merely as a back-up to this.

66.  Keynesians see monetary policy, therefore, as merely one part of a much larger package of policies.

67.  What is more, they see monetary policy as rather ineffective.

68.  If monetary policy is to be used to control aggregate demand, it will be through interest rate changes.

69.  This involves setting targets for money supply into the future, and then using monetary policy to ensure that these targets are met.

70.  Monetary policy, they argue, providing it is carefully designed and executed, can control the money supply.