Explorations in the New Monetary Economics
Author: Tyler Cowen
Publisher:
Published: 1994
Total Pages: 200
ISBN-13:
DOWNLOAD EBOOKRead and Download eBook Full
Author: Tyler Cowen
Publisher:
Published: 1994
Total Pages: 200
ISBN-13:
DOWNLOAD EBOOKAuthor: Tyler Cowen
Publisher: Wiley-Blackwell
Published: 1994-02-07
Total Pages: 675
ISBN-13: 9781557860712
DOWNLOAD EBOOKThis book, for students and specialists in Monetary Economics, is the first systematic examination of monetary economics from a new monetary economics viewpoint - one in which markets provide financial services without recourse to traditional concepts of money.
Author: Mr.Olivier J. Blanchard
Publisher: International Monetary Fund
Published: 2015-11-06
Total Pages: 29
ISBN-13: 1513555839
DOWNLOAD EBOOKWe explore two issues triggered by the crisis. First, in most advanced countries, output remains far below the pre-recession trend, suggesting hysteresis. Second, while inflation has decreased, it has decreased less than anticipated, suggesting a breakdown of the relation between inflation and activity. To examine the first, we look at 122 recessions over the past 50 years in 23 countries. We find that a high proportion of them have been followed by lower output or even lower growth. To examine the second, we estimate a Phillips curve relation over the past 50 years for 20 countries. We find that the effect of unemployment on inflation, for given expected inflation, decreased until the early 1990s, but has remained roughly stable since then. We draw implications of our findings for monetary policy.
Author: Harry G. Johnson
Publisher: Routledge
Published: 2013-07-18
Total Pages: 284
ISBN-13: 1134623631
DOWNLOAD EBOOKReprinting the second edition (which included a new introduction explaining developments which had emerged since first publication) this book discusses explorations in the fundamental theory of a monetary economy, a theoretical critique of the ‘Phillips Curve’ approach to the theory of inflation and the theory of the term structure of interest rates in terms of the theory of forward markets pioneered by David Meiselman.
Author: L. Randall Wray
Publisher: Springer
Published: 2015-09-22
Total Pages: 322
ISBN-13: 1137539925
DOWNLOAD EBOOKThis second edition explores how money 'works' in the modern economy and synthesises the key principles of Modern Money Theory, exploring macro accounting, currency regimes and exchange rates in both the USA and developing nations.
Author: Thomas Marmefelt
Publisher: Routledge
Published: 2018-08-30
Total Pages: 204
ISBN-13: 113672818X
DOWNLOAD EBOOKToday, most money is credit money, created by commercial banks. While credit can finance innovation, excessive credit can lead to boom/bust cycles, such as the recent financial crisis. This highlights how the organization of our monetary system is crucial to stability. One way to achieve this is by separating the unit of account from the medium of exchange and in pre-modern Europe, such a separation existed. This new volume examines this idea of monetary separation and this history of monetary arrangements in the North and Baltic Seas region, from the Hanseatic League onwards. This book provides a theoretical analysis of four historical cases in the Baltic and North Seas region, with a view to examining evolution of monetary arrangements from a new monetary economics perspective. Since the objective exhange value of money (its purchasing power), reflects subjective individual valuations of commodities, the author assesses these historical cases by means of exchange rates. Using theories from new monetary economics , the book explores how the units of account and their media of exchange evolved as social conventions, and offers new insight into the separation between the two. Through this exploration, it puts forward that money is a social institution, a clearing device for the settlement of accounts, and so the value of money, or a separate unit of account, ultimately results from the size of its network of users. The History of Money and Monetary Arrangements offers a highly original new insight into monetary arrangments as an evolutionary process. It will be of great interest to an international audience of scholars and students, including those with an interest in economic history, evolutionary economics and new monetary economics.
Author: Roger Backhouse
Publisher: Psychology Press
Published: 1995
Total Pages: 272
ISBN-13: 9780415127097
DOWNLOAD EBOOKMacroeconomics is a highy complex topic and there are a number of different approaches to macroeconomic thought. This book explores the approaches as well as analyzing important episodes concerned with the Keynesian revolution.
Author: Frank William Taussig
Publisher:
Published: 1936
Total Pages: 566
ISBN-13:
DOWNLOAD EBOOKAuthor: Joseph Stiglitz
Publisher: Cambridge University Press
Published: 2003-09-04
Total Pages: 356
ISBN-13: 9780521008051
DOWNLOAD EBOOKA pioneer treatment of monetary economics written by two of world's leading authorities.
Author: Akinobu Kuroda
Publisher: Routledge
Published: 2020-03-23
Total Pages: 229
ISBN-13: 1000054578
DOWNLOAD EBOOKLooking from the 11th century to the 20th century, Kuroda explores how money was used and how currencies evolved in transactions within local communities and in broader trade networks. The discussion covers Asia, Europe and Africa and highlights an impressive global interconnectedness in the pre-modern era as well as the modern age. Drawing on a remarkable range of primary and secondary sources, Kuroda reveals that cash transactions were not confined to dealings between people occupying different roles in the division of labour (for example shopkeepers and farmers), rather that peasants were in fact great users of cash, even in transactions between themselves. The book presents a new categorization framework for aligning exchange transactions with money usage choices. This fascinating monograph will be of great interest to advanced students and researchers of economic history, financial history, global history and monetary studies.