Controversies in monetary economics
This influential volume, which has been revised and updated for the twenty-first century, includes both new material and more detailed expositions of existing arguments. Although so-called 'real' theories of business cycles and growth are prevalent in contemporary mainstream economics, Con...
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| Format: | eBook |
| Language: | English |
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Cheltenham
Edward Elgar Pub
2003
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| Edition: | Rev. ed |
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| Online Access: | |
| Collection: | Edward Elgar eBook Archive - Collection details see MPG.ReNa |
| Summary: | This influential volume, which has been revised and updated for the twenty-first century, includes both new material and more detailed expositions of existing arguments. Although so-called 'real' theories of business cycles and growth are prevalent in contemporary mainstream economics, Controversies in Monetary Economics suggests that those economists who have instinctively focused on monetary factors in explaining macroeconomic behaviour are more genuinely 'realistic.' The author combines an explanation of past and present monetary controversy with practical proposals for the conduct of monetary policy in the contemporary global economy. Several alternative approaches are discussed, ranging from the traditional quantity 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 Phillips curve -- 5. The real bills doctrine, interest rate pegging and endogenous money -- 6. Money, interest rates and output -- 7. An alternative monetary model of inflation and economic growth -- 8. The international economy and alternative exchange rate regimes -- 9. Inflation and the economy -- 10. Concluding remarks |
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| Physical Description: | x, 221 p |
| ISBN: | 9781843768036 1840648295 9781840648294 9781781951149 |