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Author: Frank Hahn
Publisher:
ISBN:
Category :
Languages : en
Pages : 123
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Author: Frank Hahn
Publisher:
ISBN:
Category :
Languages : en
Pages : 123
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Book Description
Author: Frank H. Hahn
Publisher:
ISBN:
Category :
Languages : es
Pages : 126
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Author: David E. W. Laidler
Publisher:
ISBN:
Category : Monetary policy
Languages : en
Pages : 136
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Author: Frank Hahn
Publisher:
ISBN:
Category : Chicago school of economics
Languages : en
Pages : 136
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Author: Frank Horace Hahn
Publisher:
ISBN:
Category :
Languages : it
Pages : 126
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Book Description
Author: Frank H. Hahn
Publisher:
ISBN: 9788820453510
Category : Business & Economics
Languages : it
Pages : 116
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Author: Nassau William Senior
Publisher:
ISBN:
Category : Economics
Languages : en
Pages : 308
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Author: Nassau William Senior
Publisher: Legare Street Press
ISBN: 9781020009327
Category :
Languages : en
Pages : 0
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Book Description
First published in 1830, this groundbreaking work by Senior is still considered one of the seminal texts on the theory of value. Drawing on extensive research and economic analysis, Senior provides a thought-provoking exploration of the complex and often misunderstood topic of money. This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work is in the "public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.
Author: John H. Cochrane
Publisher: Princeton University Press
ISBN: 0691243247
Category : Business & Economics
Languages : en
Pages : 585
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Book Description
A comprehensive account of how government deficits and debt drive inflation Where do inflation and deflation ultimately come from? The fiscal theory of the price level offers a simple answer: Prices adjust so that the real value of government debt equals the present value of taxes less spending. Inflation breaks out when people don’t expect the government to fully repay its debts. The fiscal theory is well suited to today’s economy: Financial innovation undermines money demand, and central banks don’t control the money supply or aggressively change interest rates, invalidating classic theories, while large debts and deficits threaten inflation and constrain monetary policy. This book presents a comprehensive account of this important theory from one of its leading developers and advocates. John Cochrane aims to make fiscal theory useful as a conceptual framework and modeling tool, and for analyzing history and policy. He merges fiscal theory with standard models in which central banks set interest rates, giving a novel account of monetary policy. He generalizes the theory to explain data and make realistic predictions. For example, inflation decreases in recessions despite deficits because discount rates fall, raising the value of debt; specifying that governments promise to partially repay debt avoids classic puzzles and allows the theory to apply at all times, not just during periods of high inflation. Cochrane offers an extensive rethinking of monetary doctrines and institutions through the eyes of fiscal theory, and analyzes the era of zero interest rates and post-pandemic inflation. Filled with research by Cochrane and others, The Fiscal Theory of the Price Level offers important new insights about fiscal and monetary policy.
Author: Martin Shubik
Publisher:
ISBN:
Category :
Languages : en
Pages :
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