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Monetarism is dead! Central bankers are all Wicksellians now! They target low inflation rates, with no regard to monetary aggregates whatsoever, by acting upon short-term real rates of interest. This is the New Consensus in monetary economics, or simply the New Keynesian Synthesis. Yet, this...
Persistent link: https://www.econbiz.de/10014474017
rationality. The analysis begins with the development of modern decision theory, covers the interwar debates over the role of … of game and decision theory …
Persistent link: https://www.econbiz.de/10014474112
theory to post Keynesian theories of endogenous money …1. Money and economic theory and policy -- 2. The nature and functions of money : a re-examination -- 3. Monetarism and … the quantity theory of money -- 4. Short-run non-neutralities, nominal rigidities, misperceptions and the concept of the …
Persistent link: https://www.econbiz.de/10011851150
Dino Falaschetti and Michael Orlando unify the treatment of the many deeply related topics in money and banking in this wide-ranging book. By continually building on the assumption that economic actors are maximizers, they explain how monetary and financial services, as well as related...
Persistent link: https://www.econbiz.de/10011851385
Celebrating the contribution that Charles Goodhart has made to monetary economics and policy, this unique compendium of original papers draws together a highly respected group of international academics, central bankers and financial market regulators covering a broad range of issues in modern...
Persistent link: https://www.econbiz.de/10011851645
Nobel Prize winner James Tobin has made outstanding contributions to modern macroeconomics. In this final collection of his work he examines the economic policies of the United States and its relations with other major economies after 1990. In James Tobin's view, the welfare of populations...
Persistent link: https://www.econbiz.de/10011851797
This ambitious book seeks both to revive and revise the idea of 'functional finance'. Followers of this doctrine believe that government budgets should concentrate solely on their macroeconomic impact on the economy, rather than reflecting a concern for sound finance and budgetary discipline....
Persistent link: https://www.econbiz.de/10011852035
Axel Leijonhufvud has made a unique contribution to the development of macroeconomic theory. This volume draws together …
Persistent link: https://www.econbiz.de/10011852116
Part I basic statements and analyses -- 1. The concept of nation -- 2. The theory of exchange -- 3. Equilibrium and …
Persistent link: https://www.econbiz.de/10012419906
Recently there has been a resurgence of interest in the study of optimal monetary policy under uncertainty. This book provides a thorough survey of the literature that has resulted from this renewed interest. The authors ground recent contributions on the 'science of monetary policy' in the...
Persistent link: https://www.econbiz.de/10012420009