Explorations in the New Monetary Economics

Explorations in the New Monetary Economics PDF Author: Tyler Cowen
Publisher:
ISBN:
Category :
Languages : en
Pages : 200

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Book Description

Explorations in the New Monetary Economics

Explorations in the New Monetary Economics PDF Author: Tyler Cowen
Publisher:
ISBN:
Category :
Languages : en
Pages : 200

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Book Description


Explorations in the New Monetary Economics

Explorations in the New Monetary Economics PDF Author: Tyler Cowen
Publisher: Wiley-Blackwell
ISBN: 9781557860712
Category :
Languages : en
Pages : 675

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Book Description
This book, for students and specialists in Monetary Economics, is the first systematic examination of monetary economics from a new monetary economics viewpoint - one in which markets provide financial services without recourse to traditional concepts of money.

New Perspectives in Monetary Macroeconomics

New Perspectives in Monetary Macroeconomics PDF Author: Gary Dymski
Publisher:
ISBN:
Category : Biography & Autobiography
Languages : en
Pages : 432

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Book Description
"The defining characteristic of the monetary and financial systems of the capitalist economies since the 1960s has been persistent and fundamental change. Some indicators of this change include the patterns toward financial deregulation, historically high interest rates, and increasingly frequent and severe bouts of financial instability. The essays in this book build from the contributions of Hyman P. Minsky, whose theories in the areas of monetary macroeconomics, unlike those of nearly all practitioners in this field, have sought to understand the processes of structural change and instabilities as inherent features of capitalist economies." "New Perspectives in Monetary Macroeconomics includes essays that explore the nature of Keynesian uncertainty and the systematic sources of financial instability; empirical essays that consider, among other topics, instability in the contemporary international economy, the Latin American debt crisis, the Great Depression, and the political forces influencing central banks; and essays in analytic history that consider the connections between Minsky's work and that of Schumpeter, Marx, and the Sraffian school." "The book's overall contribution advances thinking in four interrelated areas: how financial factors play a central role in establishing the pace and direction of real investment; how financial fragility emerges through endogenous market practices; how money and credit are generated endogenously through financial market activity rather than simply through prior saving and central bank interventions; and how financial markets are an important site of inter- and intra-class conflict, especially as manifested through the policies of central banks and other important governmental institutions."--BOOK JACKET.Title Summary field provided by Blackwell North America, Inc. All Rights Reserved

Inflation and Activity – Two Explorations and their Monetary Policy Implications

Inflation and Activity – Two Explorations and their Monetary Policy Implications PDF Author: Mr.Olivier J. Blanchard
Publisher: International Monetary Fund
ISBN: 1513555839
Category : Business & Economics
Languages : en
Pages : 29

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Book Description
We explore two issues triggered by the crisis. First, in most advanced countries, output remains far below the pre-recession trend, suggesting hysteresis. Second, while inflation has decreased, it has decreased less than anticipated, suggesting a breakdown of the relation between inflation and activity. To examine the first, we look at 122 recessions over the past 50 years in 23 countries. We find that a high proportion of them have been followed by lower output or even lower growth. To examine the second, we estimate a Phillips curve relation over the past 50 years for 20 countries. We find that the effect of unemployment on inflation, for given expected inflation, decreased until the early 1990s, but has remained roughly stable since then. We draw implications of our findings for monetary policy.

Modern Money Theory

Modern Money Theory PDF Author: L. Randall Wray
Publisher: Springer
ISBN: 1137539925
Category : Business & Economics
Languages : en
Pages : 322

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Book Description
This second edition explores how money 'works' in the modern economy and synthesises the key principles of Modern Money Theory, exploring macro accounting, currency regimes and exchange rates in both the USA and developing nations.

New Perspectives in Monetary Macroeconomics

New Perspectives in Monetary Macroeconomics PDF Author: Gary Dymski
Publisher:
ISBN:
Category :
Languages : en
Pages : 414

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Essays in Monetary Economics (Collected Works of Harry Johnson)

Essays in Monetary Economics (Collected Works of Harry Johnson) PDF Author: Harry G. Johnson
Publisher: Routledge
ISBN: 1134623631
Category : Business & Economics
Languages : en
Pages : 284

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Book Description
Reprinting the second edition (which included a new introduction explaining developments which had emerged since first publication) this book discusses explorations in the fundamental theory of a monetary economy, a theoretical critique of the ‘Phillips Curve’ approach to the theory of inflation and the theory of the term structure of interest rates in terms of the theory of forward markets pioneered by David Meiselman.

Explorations in Economics

Explorations in Economics PDF Author: Frank William Taussig
Publisher:
ISBN:
Category : Economics
Languages : en
Pages : 566

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Essays in Monetary Economics (Collected Works of Harry Johnson)

Essays in Monetary Economics (Collected Works of Harry Johnson) PDF Author: Harry Johnson
Publisher: Collected Works of Harry G. Johnson
ISBN: 9781032051376
Category : Fiscal policy
Languages : en
Pages : 0

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Book Description
Reprinting the second edition (which included a new introduction explaining developments which had emerged since first publication) this book discusses: explorations in the fundamental theory of a monetary economy a theoretical critique of the 'Phillips Curve' approach to the theory of inflation the theory of the term structure of interest rates in terms of the theory of forward markets pioneered by David Meiselman.

Swedish Economic Thought

Swedish Economic Thought PDF Author: Lars Jonung
Publisher: Routledge
ISBN: 1134938101
Category : Business & Economics
Languages : en
Pages : 272

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Book Description
The impact of Swedish economists on the development of modern economic analysis has been profound. This volume contains twelve essays dealing with various aspects of the development of economics and economic thought from the mid 18th century to the middle of the 20th century. Most of the essays cover the golden age of Swedish economics, the early decades of the 20th century, and deal with such figures as Knut Wicksell, Gustav Cassel, Eli Heckscher, Bertil Ohlin, Erik Lindahl and Erik Lundberg. The book includes a chapter on an unpublished manuscript of Knut Wicksell's which is reproduced in English for the first time