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Keynes Money And The Open Economy


Keynes Money And The Open Economy
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Keynes Money And The Open Economy


Keynes Money And The Open Economy
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Author : Philip Arestis
language : en
Publisher: Edward Elgar Publishing
Release Date : 1996

Keynes Money And The Open Economy written by Philip Arestis and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 1996 with Business & Economics categories.


A collection of 11 original essays on such topics as Keynes' philosophy and the post-Keynesian monetary theory, Paul Davidson's rediscovery of Keyne's finance motive and the liquidity preference versus loanable funds debate, money as a time machine in the new financial world, endogenous money and the state of trade, and international trade and the real world. Also includes an unannotated primary bibliography for American pioneer in post-Keynesian economics Davidson (b. 1930). Annotation copyright by Book News, Inc., Portland, OR



The Open Economy Macromodel Past Present And Future


The Open Economy Macromodel Past Present And Future
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Author : Arie Arnon
language : en
Publisher: Springer Science & Business Media
Release Date : 2002-09-30

The Open Economy Macromodel Past Present And Future written by Arie Arnon and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002-09-30 with Business & Economics categories.


The Open Economy Macromodel: Past, Present And Future has two main objectives. The first is to assess the state of play of the Open Economy Macromodel by bringing together those who developed it with those who apply it today. The second is to assess possible directions for its future development. The volume is divided into three parts. Part one focuses on the models, men, and institutions involved in the development of the international macroeconomic model. In this section, the contributors examine the two monetary approaches to the balance of payments, as well as the relationship between long-term fluctuations in real exchange rates and inflation. Part two deals with the present state of the models by looking at Robert Mundell's theory of optimum currency areas (OCAs) and its relationship with key currencies. The chapters in this section also consider the impact of exchange rate variability on labor markets, as well as the interactions between theoretical developments and real-world behavior in the open economy macromodel. The third and last part of this volume provides a perspective on the future by looking at alternate models and institutional perspectives. Several contributors examine the relationship between asset prices, the real exchange rate, and unemployment in a small economy via what they call "a medium-run structuralist perspective". The future of institutional structures necessary to conduct international economic policy is the subject of the last chapters in part three of the volume.



Credit Interest Rates And The Open Economy


Credit Interest Rates And The Open Economy
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Author : Louis-Philippe Rochon
language : en
Publisher: Edward Elgar Publishing
Release Date : 2001-01-01

Credit Interest Rates And The Open Economy written by Louis-Philippe Rochon and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2001-01-01 with Business & Economics categories.


'This book should be on the reading list of every graduate course in monetary economics. The distinguished contributors not only examine and discuss the nature of money and the conduct of monetary policy in a modern credit economy, but also take an historical perspective through the writings of Cassel, Wicksell, Sraffa and Hicks, as well as Keynes and Kaldor, and extend the theory of money endogeneity (or "horizontalism") to the open economy and economic growth. Interested readers have a feast before them.' - A.P. Thirlwall, University of Kent at Canterbury, UK The horizontalist perspective is an extension of the post-Keynesian approach, that has hitherto focused on a theory of credit and money. This book extends horizontalism beyond its traditional boundaries and makes it consistent with the post-Keynesian theories of output and the open economy. The authors compare and contrast the horizontalist position with various orthodox and non-orthodox views on money. They argue that horizontalism is perfectly compatible with liquidity preference, credit constraints, and a flexible interest-rate mark-up, and address recent developments in banking that reinforce the validity of a horizontal schedule of credit-money. The overall intention is to place horizontalism within the current heterodox tradition as a general theory of the creation of money that is consistent with the post-Keynesian view on macroeconomic policy.



Money Investment And Consumption


Money Investment And Consumption
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Author : O. F. Hamouda
language : en
Publisher: Edward Elgar Publishing
Release Date : 2011-01-01

Money Investment And Consumption written by O. F. Hamouda and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-01-01 with Business & Economics categories.


Professor Hamouda s book is very timely and thought provoking and should be an eye opener for students of economics who were brought up in the anti-Keynesian last decades of the twentieth century, or were taught the garbled rather than updated revived Keynesianism which has recently become popular. Y.S. Brenner, Retired Professor of Economics, Utrecht University, The Netherlands Contrary to the commonly perpetuated belief that Keynes s theory is appropriate only to economic depressions, the author of this provocative book maintains that Keynes provided a complete set of macroeconomic relations and the ingredients of a new theoretical model, much more reflective of and analytically appropriate to the 21st century than those on which current macroeconomics is based. With the perspective of Keynes as the backdrop, the author begins with a discussion of the characteristics of the financial crises of 2008 and the 1930s. He then goes on to show that Keynes provided a novel, general theory, constructed as the EC-SP model (different from that of the Classicals Labour Theory of Value model and the neoClassicals antithetical IS-LM model), a theory yet unrecognized as being behind both A Treatise on Money and The General Theory. He presents here the premises of Keynes s contributions which still await use by a generation of economists to reassess macroeconomics and orient it in a new direction. This unique and authoritative look at Keynes s body of work will be an essential read for scholars and students of economics. Anyone trying to understand the state of the entrepreneurial economy , of which the 2008 financial crisis is but one manifestation prone to recurrence, will find the work an important resource.



Keynes Money And The Open Economy


Keynes Money And The Open Economy
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Author : Philip Arestis
language : en
Publisher:
Release Date : 1996

Keynes Money And The Open Economy written by Philip Arestis and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1996 with Keynesian economics categories.




Modern Theories Of Money


Modern Theories Of Money
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Author : Louis-Philippe Rochon
language : en
Publisher: Edward Elgar Publishing
Release Date : 2003-01-01

Modern Theories Of Money written by Louis-Philippe Rochon and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003-01-01 with Business & Economics categories.


'This is a timely book. Being on modern theories of money - essentially the study of traditions of endogenous money - it is a welcome contribution to current thinking on monetary policy. The modern central bank view on money is that the rate of interest should be manipulated by central banks to achieve an inflation target with the money supply being the "residual". Although money is in effect endogenous, there is no theory that explains its behaviour. Modern Theories of Money is a serious attempt to sharpen existing views on the issue and fill gaps in an admirable manner.' - Philip Arestis, University of Cambridge, UK and Levy Economics Institute, US This book unites diverse heterodox traditions in the study of endogenous money - which until now have been confined to their own academic quarters - and explores their similarities and differences from both sides of the Atlantic. Bringing together perspectives from post-Keynesians, Circuitists and the Dijon School, the book continues the tradition of Keynes's and Kalecki's analysis of a monetary production economy, emphasising the similarities between the various approaches, and expanding the analytical breadth of the theory of endogenous money. The authors open new avenues for monetary research in order to fuel a renewed interest in the nature and role of money in capitalist economies, which is, the authors argue, one of the most controversial, and therefore fascinating, areas of economics.



Open Economy Monetary Economics


Open Economy Monetary Economics
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Author : M.L. Burnstein
language : en
Publisher: Springer
Release Date : 1989-06-18

Open Economy Monetary Economics written by M.L. Burnstein and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 1989-06-18 with Business & Economics categories.


The financial markets have turned open-economy monetary economics on its head. This book explains the implications of these developments for theory and policy in the practices of the 1980s and 1990s, aiming to escape from the Keynsesian modes of thought and expression.



Open Economy


Open Economy
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Author : Fouad Sabry
language : en
Publisher: One Billion Knowledgeable
Release Date : 2024-04-05

Open Economy written by Fouad Sabry and has been published by One Billion Knowledgeable this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024-04-05 with Business & Economics categories.


What is Open Economy One sort of economy is known as an open economy, which is characterized by the fact that not only domestic factors but also entities from other nations engage in the exchange of goods. The exchange of administrative expertise, the transmission of technological know-how, and any other kind of commodities and services can all be considered forms of trade. There are some exceptions that cannot be traded; for instance, the railway services of one country cannot be swapped with those of another country in order to take advantage of the service. How you will benefit (I) Insights, and validations about the following topics: Chapter 1: Open economy Chapter 2: Balance of trade Chapter 3: David Ricardo Chapter 4: Keynesian economics Chapter 5: Free trade Chapter 6: Comparative advantage Chapter 7: Protectionism Chapter 8: Rudi Dornbusch Chapter 9: Export Chapter 10: Terms of trade Chapter 11: Non-tariff barriers to trade Chapter 12: Circular flow of income Chapter 13: International economics Chapter 14: Export-oriented industrialization Chapter 15: Mundell-Fleming model Chapter 16: J curve Chapter 17: International business Chapter 18: Competition (economics) Chapter 19: Import Chapter 20: Participatory Economics Chapter 21: Macroeconomic populism (II) Answering the public top questions about open economy. (III) Real world examples for the usage of open economy in many fields. Who this book is for Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of Open Economy.



On Money Method And Keynes


On Money Method And Keynes
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Author : Philip Arestis
language : en
Publisher: Springer
Release Date : 1992-03-03

On Money Method And Keynes written by Philip Arestis and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 1992-03-03 with Business & Economics categories.


In these twelve essays, spanning fifteen years, Victoria Chick develops a distinctive view of macroeconomics (especially the economics of Keynes) and monetary theory. By careful and rigorous analysis in which nothing is taken for granted, she uncovers the implicit assumptions of economic theory and argues, in a variety of contexts, that differences of economic method and the influence of the stylised facts are decisive forces, both in the construction of theories and in appraising their contemporary relevance.



Financial Markets And The Macroeconomy


Financial Markets And The Macroeconomy
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Author : Carl Chiarella
language : en
Publisher: Routledge
Release Date : 2009-06-02

Financial Markets And The Macroeconomy written by Carl Chiarella and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009-06-02 with Business & Economics categories.


The financial instability and its spillover to the real sector have become a great challenge to macro-economic theory. The book takes a Keynesian theoretical perspective, representing an attempt to revive what Keynes stressed in his General Theory, namely the role of the financial market in macroeconomic outcomes. Although this book is inspired and motivated by the Asian currency and financial crises in the years 1997-8 and the experiences of the currently evolving U.S. financial disruptions, it also focuses on reviving a modeling tradition that provides a theoretical framework that throws light on recent financial market episodes and disturbances and their macroeconomic effects. It brings to the forefront, as Keynes has suggested, the role of financial market stability for growth and macroeconomics. It criticizes theories that see economic disruptions and shocks rooted solely in the real side of the economy. It stresses the financial real interaction as the major source for macroeconomic instability and disruptions. This important new book from a group of Keynesian, but nonetheless technically oriented economists would be of most interest to specialists and graduate students in macroeconomics and financial economics, especially those with an interest in US and European financial markets, emerging market analysis, and dynamic economic modeling.