ABSTRACT
John Maynard Keynes’ monetary works, from A Tract on Monetary Reform to A Treatise on Money and The General Theory, are well known for their insights into the functioning of monetary economies and the conduct of monetary policy in such a world, i.e. the appropriate goals of, and ways to implement, monetary policy. Less well known is that Keynes also thought carefully about the appropriate structure of monetary policy: the regulation of central banks in general and their relation to the state in matters of monetary policy.
