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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
Axel Leijonhufvud has made a unique contribution to the development of macroeconomic theory. This volume draws together …
Persistent link: https://www.econbiz.de/10011852116
monetary theory and policy, financial markets, and financial instability coming out of the Post Keynesian school of thought …
Persistent link: https://www.econbiz.de/10011850557
This book deals with the economic consequences of monetary integration, which has long been dominated by the Optimal Currency Area (OCA) paradigm. In this model, money is perceived as having developed from a private sector cost minimization process to facilitate transactions. Not surprisingly,...
Persistent link: https://www.econbiz.de/10011850704
during the experiences of the 1990s and 2000s: exchange rate regimes and optimal currency area theory; exchange rate regimes …
Persistent link: https://www.econbiz.de/10011851024
This book, written by an international team of economists, develops concrete, country specific alternatives to inflation targeting, the dominant policy framework of central bank policy that focuses on keeping inflation in the low single digits to the virtual exclusion of other key goals such as...
Persistent link: https://www.econbiz.de/10011851035
The authors offer a sustained argument that the single currency as currently implemented does not promise to deliver prolonged growth. They contend that the economic impact of the euro, and its accompanying institutions, is likely to be destabilising and deflationary; that the political impact...
Persistent link: https://www.econbiz.de/10011851191
Financial globalization has made monetary policy formulation in emerging market economies increasingly complicated. This timely set of studies looks at the turmoil in global financial markets, which coupled with volatile inflation poses serious challenges for central banks in these countries....
Persistent link: https://www.econbiz.de/10011851216
the tax-driven approach to money / Pavlina R. Tcherneva -- French circuit theory / Claude Gnos -- The Italian circuitist … approach / Riccardo Realfonzo -- The theory of money emissions / Sergio Rossi -- Keynes and money / Paul Davidson -- Minsky on … financial instability / Elisabetta De Antoni -- Kalecki on money and finance / Malcolm Sawyer -- Karl Marx's theory of money and …
Persistent link: https://www.econbiz.de/10011851676
Beginning with an assessment of new thinking in macroeconomics and monetary theory, this book suggests that many …
Persistent link: https://www.econbiz.de/10011851789