Monetarism Is Dead
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Monetarism Is Dead
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Author : William G. Dewald
language : en
Publisher:
Release Date : 1988
Monetarism Is Dead written by William G. Dewald and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1988 with Monetary policy categories.
Is Monetarism Dead
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Author : Meghnad Jagdishchandra Meghnad Desai
language : en
Publisher:
Release Date : 19??
Is Monetarism Dead written by Meghnad Jagdishchandra Meghnad Desai and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 19?? with categories.
Is Monetarism Dead
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Author : Meghnad Desai (Meghnad Jagdishchandra)
language : en
Publisher:
Release Date : 1986
Is Monetarism Dead written by Meghnad Desai (Meghnad Jagdishchandra) and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1986 with categories.
Monetarism And The Demise Of Keynesian Economics
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Author : G.R. Steele
language : en
Publisher: Springer
Release Date : 1989-06-26
Monetarism And The Demise Of Keynesian Economics written by G.R. Steele and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 1989-06-26 with Business & Economics categories.
An examination of the role of money in a dynamic economy within the context of theoretical developments both within and in opposition to, the Quantity Theory tradition. Emphasis is on the dangers of basing economic policy on macroeconomic analysis.
Testing Monetarism
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Author : Meghnad Desai
language : en
Publisher: Bloomsbury Publishing
Release Date : 2013-11-07
Testing Monetarism written by Meghnad Desai and has been published by Bloomsbury Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-11-07 with Business & Economics categories.
Testing Monetarism pursues the complex question of the nature of the controversy surrounding monetarist theory and evidence, and the reasons for the persistence of this controversy. The theory of monetarism is examined in its old guise as the Quantity Theory of Money, and subsequent chapters look at the evolution of the theory to its present form in the period since the 1950's, and Desai weaves together issues of theory with those of econometric evidence. He looks in turn at major predictions of monetarism, critically examining the claims made in the literature in the light of his discussion of the methodology of testing theories and highlights flaws in the empirical data surrounding monetarism.
Central Banking In The Modern World
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Author : Marc Lavoie
language : en
Publisher: Edward Elgar Publishing
Release Date : 2004-01-01
Central Banking In The Modern World written by Marc Lavoie 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 2004-01-01 with Business & Economics categories.
'The book provides a good variety of articles capable of satisfying different readers regarding central banking.' - Eric Tymoigne, Journal of Economic Issues According to the New Consensus in monetary economics, monetarism is dead and central bankers target low inflation rates by acting upon short-term real rates of interest. Yet, this synthesis hinges on variants of the long-run vertical Phillips curve originally proposed by Milton Friedman, the father of old-line monetarism. Contributors to this volume question this New Consensus. While they agree that the money supply should be conceived as endogenous, they carefully examine the procedures pursued by central banks, the monetary policy transmission mechanisms suggested by central bankers themselves, and the assumptions imbedded in the New Consensus. They propose alternative analyses that clearly demonstrate the limits of modern central banking and point to the possible instability of monetary economies.
The Money Illusion
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Author : Scott Sumner
language : en
Publisher: University of Chicago Press
Release Date : 2023-05-06
The Money Illusion written by Scott Sumner and has been published by University of Chicago Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-05-06 with Business & Economics categories.
The first book-length work on market monetarism, written by its leading scholar. Is it possible that the consensus around what caused the 2008 Great Recession is almost entirely wrong? It’s happened before. Just as Milton Friedman and Anna Schwartz led the economics community in the 1960s to reevaluate its view of what caused the Great Depression, the same may be happening now to our understanding of the first economic crisis of the 21st century. Foregoing the usual relitigating of problems such as housing markets and banking crises, renowned monetary economist Scott Sumner argues that the Great Recession came down to one thing: nominal GDP, the sum of all nominal spending in the economy, which the Federal Reserve erred in allowing to plummet. The Money Illusion is an end-to-end case for this school of thought, known as market monetarism, written by its leading voice in economics. Based almost entirely on standard macroeconomic concepts, this highly accessible text lays the groundwork for a simple yet fundamentally radical understanding of how monetary policy can work best: providing a stable environment for a market economy to flourish.
Revisit To Fundamental Re Examination Of Keynesian Economics And Monetarism As Portfolio Adjustment Theories
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Author : Shigetaro Wakabayashi
language : en
Publisher:
Release Date : 2018
Revisit To Fundamental Re Examination Of Keynesian Economics And Monetarism As Portfolio Adjustment Theories written by Shigetaro Wakabayashi and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018 with categories.
In his 2016 paper, Wakabayashi argues:(a) that old Keynesian economics, monetarism, and new Keynesian economics are all equally portfolio adjustment theories, or “stock” approaches to the quantity theory of money; (b) that post-war mainstream macroeconomics has been basically such portfolio adjustment theories; (c) that dead contrary to their prediction, liquidity preference was in truth exceedingly weak both in the Great Depression and the Great Recession; and (d) that macroeconomics must be reconstructed according to an “income-based flow” approach to the quantity theory, which he names the long-term target income hypothesis. Indeed, as a result of the continuation of the new Keynesian/monetarist policy-regime, the U.S. economy has deservedly been in stagnation: its per capita real GDP had grown merely by 6.4 per cent between 2007 and 2017, from 49,300 to 52,444 dollars in 2009 prices, or to put it differently, its annual growth rate in this respect had been confined to significantly less than 0.7 per cent for the decade. Thus, we may rightly think that the U.S. economy has in reality been Japanized. No wonder, that country has elected a very queer old gentleman as President; and has launched indecent wars against Central American illegal immigrants and world free trade. This paper re-examines the validity of portfolio adjustment theories in relation to so-called Japans' lost two decades; and draws exactly the same conclusion as Wakabayashi's 2016 paper does: only the long-term target income hypothesis can accurately depict the true macroeconomic mechanism of the modern capitalist economy.
Monetarist Economics
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Author : Milton Friedman
language : en
Publisher: Wiley-Blackwell
Release Date : 1991-01
Monetarist Economics written by Milton Friedman and has been published by Wiley-Blackwell this book supported file pdf, txt, epub, kindle and other format this book has been release on 1991-01 with Business & Economics categories.
Economics Without Equilibrium
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Author : Nicholas Kaldor
language : en
Publisher: Routledge
Release Date : 2020-08-26
Economics Without Equilibrium written by Nicholas Kaldor and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-08-26 with Political Science categories.
This book contains lectures delivered at Yale University in October, 1983, in memory of Arthur M. Okun, showing how Lord Kaldor relates his own views of economic process to those of Okun, particularly the theory of markets set in Okun's magnum opus, Prices and Quantities, posthumously published.