Keynes on Monetary Policy, Finance and Uncertainty

Keynes on Monetary Policy, Finance and Uncertainty PDF Author: Jorg Bibow
Publisher: Routledge
ISBN: 1134262043
Category : Business & Economics
Languages : en
Pages : 340

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Book Description
This book provides a reassessment of Keynes’ theory of liquidity preference. It argues that the failure of the Keynesian revolution to be made in either theory or practice owes importantly to the fact that the role of liquidity preference theory as a pivotal element in Keynes’ General Theory has remained underexplored and indeed widely misunderstood even among Keynes’ followers and until today. The book elaborates on and extends Keynes’ conceptual framework, moving it from the closed economy to the global economy context, and applies liquidity preference theory to current events and prominent hypotheses in global finance. Jörg Bibow presents Keynes’ liquidity preference theory as a distinctive and highly relevant approach to monetary theory offering a conceptual framework of general applicability for explaining the role and functioning of the financial system. He argues that, in a dynamic context, liquidity preference theory may best be understood as a theory of financial intermediation. Through applications to current events and prominent hypotheses in global finance, this book underlines the richness, continued relevance, and superiority of Keynes’ theory of liquidity preference; with Hyman Minsky standing out for developing Keynes’ vision of financial capitalism.

Keynes on Monetary Policy, Finance and Uncertainty

Keynes on Monetary Policy, Finance and Uncertainty PDF Author: Jorg Bibow
Publisher: Routledge
ISBN: 1134262043
Category : Business & Economics
Languages : en
Pages : 340

Get Book

Book Description
This book provides a reassessment of Keynes’ theory of liquidity preference. It argues that the failure of the Keynesian revolution to be made in either theory or practice owes importantly to the fact that the role of liquidity preference theory as a pivotal element in Keynes’ General Theory has remained underexplored and indeed widely misunderstood even among Keynes’ followers and until today. The book elaborates on and extends Keynes’ conceptual framework, moving it from the closed economy to the global economy context, and applies liquidity preference theory to current events and prominent hypotheses in global finance. Jörg Bibow presents Keynes’ liquidity preference theory as a distinctive and highly relevant approach to monetary theory offering a conceptual framework of general applicability for explaining the role and functioning of the financial system. He argues that, in a dynamic context, liquidity preference theory may best be understood as a theory of financial intermediation. Through applications to current events and prominent hypotheses in global finance, this book underlines the richness, continued relevance, and superiority of Keynes’ theory of liquidity preference; with Hyman Minsky standing out for developing Keynes’ vision of financial capitalism.

Keynes on Monetary Policy, Finance and Uncertainty

Keynes on Monetary Policy, Finance and Uncertainty PDF Author: Jorg Bibow
Publisher: Routledge
ISBN: 1134262051
Category : Business & Economics
Languages : en
Pages : 262

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Book Description
This book provides a reassessment of Keynes’ theory of liquidity preference. It argues that the failure of the Keynesian revolution to be made in either theory or practice owes importantly to the fact that the role of liquidity preference theory as a pivotal element in Keynes’ General Theory has remained underexplored and indeed widely misunderstood even among Keynes’ followers and until today. The book elaborates on and extends Keynes’ conceptual framework, moving it from the closed economy to the global economy context, and applies liquidity preference theory to current events and prominent hypotheses in global finance. Jörg Bibow presents Keynes’ liquidity preference theory as a distinctive and highly relevant approach to monetary theory offering a conceptual framework of general applicability for explaining the role and functioning of the financial system. He argues that, in a dynamic context, liquidity preference theory may best be understood as a theory of financial intermediation. Through applications to current events and prominent hypotheses in global finance, this book underlines the richness, continued relevance, and superiority of Keynes’ theory of liquidity preference; with Hyman Minsky standing out for developing Keynes’ vision of financial capitalism.

Keynes on Monetary Policy, Finance and Uncertainty

Keynes on Monetary Policy, Finance and Uncertainty PDF Author: Jo ̈rg Bibow
Publisher:
ISBN: 9781441619297
Category : Financial crises
Languages : en
Pages : 262

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Book Description
This book provides a reassessment of Keynes' theory of liquidity preference. It argues that the failure of the Keynesian revolution to be made in either theory or practice owes importantly to the fact that the role of liquidity preference theory as a pivotal element in Keynes' General Theory has remained underexplored and indeed widely misunderstood even among Keynes' followers and until today. The book elaborates on and extends Keynes' conceptual framework, moving it from the closed economy to the global economy context, and applies liquidity preference theory to current events and prominent hypotheses in global finance. Jorg Bibow presents Keynes' liquidity preference theory as a distinctive and highly relevant approach to monetary theory offering a conceptual framework of general applicability for explaining the role and functioning of the financial system. He argues that, in a dynamic context, liquidity preference theory may best be understood as a theory of financial intermediation. Through applications to current events and prominent hypotheses in global finance, this book underlines the richness, continued relevance, and superiority of Keynes' theory of liquidity preference; with Hyman Minsky standing out for developing Keynes' vision of financial capitalism.

Money, Uncertainty and Time

Money, Uncertainty and Time PDF Author: Giuseppe Fontana
Publisher: Routledge
ISBN: 1134466307
Category : Business & Economics
Languages : en
Pages : 269

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Book Description
This excellent new book from one of the brightest young economists, Giuseppe Fontana, involves a compendium of issues surrounding uncertainty, money and time. Fontana shines a post Keynesian light onto statements and claims made by well-known neo-classical authors and as such leaves readers with an interesting and informative book to be read a

Keynes on Monetary Policy, Finance and Uncertainty

Keynes on Monetary Policy, Finance and Uncertainty PDF Author: Jörg Bibow
Publisher:
ISBN: 9780415352628
Category :
Languages : en
Pages : 256

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Book Description


Keynes on Monetary Policy, Finance and Uncertainty

Keynes on Monetary Policy, Finance and Uncertainty PDF Author:
Publisher:
ISBN:
Category :
Languages : en
Pages :

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Book Description
In this book, Jrg Bibow illustrates how Keynes' methodology inspired his economic theorizing and how this led to fundamental insights concerning the role of money that contrasted with orthodox closed-system modelling.

Beyond Keynes: Keynes, uncertainty and the global economy

Beyond Keynes: Keynes, uncertainty and the global economy PDF Author: Sheila C. Dow
Publisher:
ISBN:
Category : Competition
Languages : en
Pages : 342

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Book Description
This book should be welcomed by post Keynesian economists, microeconomists and those interested in international economics.

Keynes, Uncertainty and the Global Economy

Keynes, Uncertainty and the Global Economy PDF Author: Sheila C. Dow
Publisher: Edward Elgar Publishing
ISBN: 9781781950067
Category : Business & Economics
Languages : en
Pages : 344

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Book Description
This book should be welcomed by post Keynesian economists, microeconomists and those interested in international economics.

Optimal Monetary Policy under Uncertainty, Second Edition

Optimal Monetary Policy under Uncertainty, Second Edition PDF Author: Richard T. Froyen
Publisher: Edward Elgar Publishing
ISBN: 1784717193
Category : Mathematical optimization
Languages : en
Pages : 466

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Book Description
This book provides a thorough survey of the model-based literature on optimal monetary in a stochastic setting. The survey begins with the literature of the 1970s which focused on the information problem in policy design and extends to the New Keynesian approach of the 1990s which centered on evaluating alternative targeting strategies. New to the second edition is consideration of research since the world financial crisis on the role of financial markets and institutions in the conduct of monetary policy.

Post Keynesian Monetary Economics

Post Keynesian Monetary Economics PDF Author: Rousseas
Publisher: Routledge
ISBN: 1315486164
Category : Business & Economics
Languages : en
Pages : 144

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Book Description
During the past five years, crises in the US savings and loan industry, commercial banks, and other financial institutions have borne out the ideas that Rousseas expressed in the first edition. His main theme stresses the role of innovation in the financial sector of the economy and its implications for control of the money supply and credit, as well as the larger issue of macroeconomic policy. He holds a Post-Keynesian view of an elastic and endogenous money supply that is largely founded on the "general liquidity thesis" of the Radcliffe Committee. Indeed, the elasticity of the credit structure is even greater than the Radcliffe Committee originally claimed. Tables and charts are revised through 1990, and the text has been revised accordingly. An expanded preface to the revised edition makes this book very relevant to contemporary problems and policy.