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Due to financial market imperfections it is imperative to analyse the relationship between financial structure and the monetary policy transmission process in Europe to effectively design and implement European monetary policy. Focusing on the years 1980-1995 and providing empirical evidence for...
Persistent link: https://www.econbiz.de/10014473859
The formulation of a common European monetary policy offers an important challenge to policymakers both in Europe and around the globe. The analysis of monetary transmission mechanisms in Europe, and the US, provides insights of great importance as the institutional environment of monetary...
Persistent link: https://www.econbiz.de/10014473892
A decade after the implementation of the initial wave of economic reforms in India, the process of transforming the country into a fully developed market economy continues. A hallmark of the globalised economy is its ability to sustain competitive efficiency which, in turn, can lead to enhanced...
Persistent link: https://www.econbiz.de/10014474160
This important book explores many different aspects of the wealth creation process. It includes new essays by senior …, manufacturing and services, the policies of wealth creation and economic policy. The creation of wealth lies at the heart of the …
Persistent link: https://www.econbiz.de/10015412776
, D. and Tversky, A. (1979), 'Prospect theory: An analysis of decision under risk', Econometrica, 46, 263-91. -- Keynes, J ….M. (1936), The General Theory of Employment, Interest and Prices, London: Macmillan. -- Knabe, A., Rätzel, S., Schöb, R. and … United Kingdom, 1861-1957', Economica, 25, 283-99. -- Robinson, J. (1937), Essays in the Theory of Employment, Oxford …
Persistent link: https://www.econbiz.de/10011852162
theory of effective demand. Taking Schumpeter's views on economic development as a starting point, the author proposes an … examines the role of demand with respect to the theory of structural change and the theory of consumption at both the micro and …
Persistent link: https://www.econbiz.de/10014474127
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