Monetarism Theory Evidence and Policy C
Author | : Vane |
Publisher | : |
Total Pages | : 200 |
Release | : 1979-06-01 |
Genre | : |
ISBN | : 9780470265680 |
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Author | : Vane |
Publisher | : |
Total Pages | : 200 |
Release | : 1979-06-01 |
Genre | : |
ISBN | : 9780470265680 |
Author | : Howard R. Vane |
Publisher | : Wiley-Blackwell |
Total Pages | : 200 |
Release | : 1979-01-01 |
Genre | : Chicago school of economics |
ISBN | : 9780855202637 |
Author | : George Macesich |
Publisher | : Greenwood |
Total Pages | : 296 |
Release | : 1983 |
Genre | : Business & Economics |
ISBN | : |
Author | : Meghnad Desai |
Publisher | : Bloomsbury Publishing |
Total Pages | : 259 |
Release | : 2013-11-07 |
Genre | : Business & Economics |
ISBN | : 147250836X |
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.
Author | : Michael Woodford |
Publisher | : Princeton University Press |
Total Pages | : 805 |
Release | : 2011-12-12 |
Genre | : Business & Economics |
ISBN | : 1400830168 |
With the collapse of the Bretton Woods system, any pretense of a connection of the world's currencies to any real commodity has been abandoned. Yet since the 1980s, most central banks have abandoned money-growth targets as practical guidelines for monetary policy as well. How then can pure "fiat" currencies be managed so as to create confidence in the stability of national units of account? Interest and Prices seeks to provide theoretical foundations for a rule-based approach to monetary policy suitable for a world of instant communications and ever more efficient financial markets. In such a world, effective monetary policy requires that central banks construct a conscious and articulate account of what they are doing. Michael Woodford reexamines the foundations of monetary economics, and shows how interest-rate policy can be used to achieve an inflation target in the absence of either commodity backing or control of a monetary aggregate. The book further shows how the tools of modern macroeconomic theory can be used to design an optimal inflation-targeting regime--one that balances stabilization goals with the pursuit of price stability in a way that is grounded in an explicit welfare analysis, and that takes account of the "New Classical" critique of traditional policy evaluation exercises. It thus argues that rule-based policymaking need not mean adherence to a rigid framework unrelated to stabilization objectives for the sake of credibility, while at the same time showing the advantages of rule-based over purely discretionary policymaking.
Author | : Milton Friedman |
Publisher | : Wiley-Blackwell |
Total Pages | : 188 |
Release | : 1991-01 |
Genre | : Business & Economics |
ISBN | : 9780631171119 |
Author | : Carl E. Walsh |
Publisher | : MIT Press |
Total Pages | : 636 |
Release | : 2003 |
Genre | : Business & Economics |
ISBN | : 9780262232319 |
An overview of recent theoretical and policy-related developments in monetary economics.
Author | : John B. Taylor |
Publisher | : University of Chicago Press |
Total Pages | : 460 |
Release | : 2007-12-01 |
Genre | : Business & Economics |
ISBN | : 0226791262 |
This timely volume presents the latest thinking on the monetary policy rules and seeks to determine just what types of rules and policy guidelines function best. A unique cooperative research effort that allowed contributors to evaluate different policy rules using their own specific approaches, this collection presents their striking findings on the potential response of interest rates to an array of variables, including alterations in the rates of inflation, unemployment, and exchange. Monetary Policy Rules illustrates that simple policy rules are more robust and more efficient than complex rules with multiple variables. A state-of-the-art appraisal of the fundamental issues facing the Federal Reserve Board and other central banks, Monetary Policy Rules is essential reading for economic analysts and policymakers alike.
Author | : L. Randall Wray |
Publisher | : Springer |
Total Pages | : 322 |
Release | : 2015-09-22 |
Genre | : Business & Economics |
ISBN | : 1137539925 |
This 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 | : Nicholas Kaldor |
Publisher | : Oxford ; New York : Oxford University Press |
Total Pages | : 132 |
Release | : 1982 |
Genre | : Business & Economics |
ISBN | : |
Monograph examining trends and economic implications of monetary policies in the UK - comprises two Radcliff lectures and evidence to a Treasury Civil Service Committee on the inefficacy of current counter- inflationary economic policies based on monetarism, examines problems of alternative methods of controlling the money supply, and includes wage policy, price policy and exchange rate and fiscal policy suggestions. Graphs, references and statistical tables.