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Money and Government

Money and Government
Author: Robert Skidelsky
Publisher: Yale University Press
Total Pages: 513
Release: 2018-11-13
Genre: Business & Economics
ISBN: 030024424X

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A critical examination of economics' past and future, and how it needs to change, by one of the most eminent political economists of our time The dominant view in economics is that money and government should play only minor roles in economic life. Economic outcomes, it is claimed, are best left to the "invisible hand" of the market. Yet these claims remain staunchly unsettled. The view taken in this important new book is that the omnipresence of uncertainty makes money and government essential features of any market economy. Since Adam Smith, classical economics has espoused non-intervention in markets. The Great Depression brought Keynesian economics to the fore; but stagflation in the 1970s brought a return to small-state orthodoxy. The 2008 global financial crash should have brought a reevaluation of that stance; instead the response has been punishing austerity and anemic recovery. This book aims to reintroduce Keynes’s central insights to a new generation of economists, and embolden them to return money and government to the starring roles in the economic drama that they deserve.


A Modern Guide to Keynesian Macroeconomics and Economic Policies

A Modern Guide to Keynesian Macroeconomics and Economic Policies
Author: Eckhard Hein
Publisher: Edward Elgar Publishing
Total Pages: 393
Release: 2011-01-01
Genre: Business & Economics
ISBN: 0857931822

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This well-documented book will prove to be the essential guide for researchers and graduate students in macroeconomics and political economy. It will also prove inspiring to a wider audience interested in modern Keynesian macroeconomics.


A History of Macroeconomic Policy in the United States

A History of Macroeconomic Policy in the United States
Author: John H. Wood
Publisher: Routledge
Total Pages: 236
Release: 2009-01-13
Genre: Business & Economics
ISBN: 1135970157

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Keynes asked whether his ‘visionary’ ideas would overcome the interests opposed to change. However, an examination of the histories of monetary and fiscal policies suggests that this is a false distinction. The interests and ideas associated with government policies are seldom opposed. The suspicion that the latter more often follows than confronts the former is supported by the experiences documented in this book. Professor Wood’s new title examines the controlling influences that drive macroeconomic policies in the United States. The book addresses the history of the interests, ideas, and practices of monetary and fiscal policies in the U.S., although it also examines macro-policies in other countries, particularly the UK. Professor Wood argues that economic policies in the United States have been relatively predictable and stable historically, through a detailed examination of conflicts over taxes and monetary policy such as the whiskey rebellion, Magna Carta, the Stamp Act, the Banks of the U.S., and the Federal Reserve. Issues covered also include property, economists’ theories of stabilization, taxes, deficits, and monetary policy.


Monetary Theory and Policy

Monetary Theory and Policy
Author: Carl E. Walsh
Publisher: MIT Press
Total Pages: 636
Release: 2003
Genre: Business & Economics
ISBN: 9780262232319

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An overview of recent theoretical and policy-related developments in monetary economics.


Money, Macroeconomics, and Economic Policy

Money, Macroeconomics, and Economic Policy
Author: William C. Brainard
Publisher: MIT Press
Total Pages: 392
Release: 1991
Genre: Business & Economics
ISBN: 9780262023252

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These original contributions celebrate and extend Tobin's contributions to macroeconomics, international economics, finance, and economic policy.


Money, Distribution and Economic Policy

Money, Distribution and Economic Policy
Author: Eckhard Hein
Publisher: Edward Elgar Publishing
Total Pages: 280
Release: 2007-01-01
Genre: Business & Economics
ISBN: 9781847205438

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Money, Distribution and Economic Policy takes issue with the inappropriate treatment of money, effective demand and distribution issues in modern mainstream macroeconomics. It presents contributions which are critical of modern orthodoxy and which explore alternative approaches to macroeconomics and economic policy analysis. The contributors explore the following areas: the development of heterodox theory, the role of money in macroeconomics, the relationship between distribution and aggregate demand and, macroeconomic policy issues from a broader heterodox perspective. This study will appeal to scholars, researchers and postgraduate students of macroeconomics and economic policy, money and banking and post Keynesian economics.


Rethinking the Theory of Money, Credit, and Macroeconomics

Rethinking the Theory of Money, Credit, and Macroeconomics
Author: John Smithin
Publisher: Rowman & Littlefield
Total Pages: 258
Release: 2018-09-15
Genre: Business & Economics
ISBN: 1498542824

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This book provides a comprehensive re-working of the basic principles of monetary macroeconomics in an alternative monetary model (AMM) of economic growth, the business cycle, inflation and income distribution. These principles differ considerably from those advanced in the standard macroeconomics literature and in textbooks. However, the latter have been demonstrably unsuccessful in the promotion of usable macroeconomic policy advice for the past several years, actually decades. A different approach is needed. In particular, the new approach takes seriously the vital role of credit creation and endogenous money in capitalism. It does not imagine that all of the difficult questions of economic policy-making may be resolved within a paradigm that conceptualizes economic activity as merely a question of barter exchange. The result is a blueprint for a set of growth-friendly macroeconomic policies which will promote full employment, financial stability and higher real wages – essentially for the benefit of the long-suffering middle and working classes rather for the chamber of commerce and financial interests.


Advanced Macroeconomics

Advanced Macroeconomics
Author: Filipe R. Campante
Publisher: LSE Press
Total Pages: 420
Release: 2021-10-11
Genre: Business & Economics
ISBN: 1909890707

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Macroeconomic policy is one of the most important policy domains, and the tools of macroeconomics are among the most valuable for policy makers. Yet there has been, up to now, a wide gulf between the level at which macroeconomics is taught at the undergraduate level and the level at which it is practiced. At the same time, doctoral-level textbooks are usually not targeted at a policy audience, making advanced macroeconomics less accessible to current and aspiring practitioners. This book, born out of the Masters course the authors taught for many years at the Harvard Kennedy School, fills this gap. It introduces the tools of dynamic optimization in the context of economic growth, and then applies them to a wide range of policy questions – ranging from pensions, consumption, investment and finance, to the most recent developments in fiscal and monetary policy. It does so with the requisite rigor, but also with a light touch, and an unyielding focus on their application to policy-making, as befits the authors’ own practical experience. Advanced Macroeconomics: An Easy Guide is bound to become a great resource for graduate and advanced undergraduate students, and practitioners alike.


Modern Monetary Macroeconomics

Modern Monetary Macroeconomics
Author: Claude Gnos
Publisher: Edward Elgar Publishing
Total Pages: 321
Release: 2012-01-01
Genre: Business & Economics
ISBN: 1782540431

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This timely book uses cutting-edge research to analyse the fundamental causes of economic and financial crises, and illustrates the macroeconomic foundations required for future economic policymaking in order to avoid these crises. The expert contributors take a critical approach to monetary analysis, providing elements for a new paradigm of economic policymaking at both national and international levels. Major issues are explored, including: inflation, capital accumulation and involuntary unemployment, sovereign debts and interest payment, and the euro-area crisis. Opening new lines of research in the economic and financial crises, this book will prove a fascinating read for academics, students and researchers in the field of monetary economics. Monetary policymakers, central bank officials and international financial organisations will also find the book to be an invaluable resource.


Economic Policy in a Monetary Union

Economic Policy in a Monetary Union
Author: Michael Carlberg
Publisher: Springer Science & Business Media
Total Pages: 316
Release: 2012-12-06
Genre: Business & Economics
ISBN: 3642572901

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This book explores the scope and limits of macroeconomic policy in a monetary union. The focus is on pure policies, policy mixes, and policy coordination. The leading protagonists are the union central bank, national governments, and national trade unions. Special emphasis is put on wage shocks and wage restraint. This book develops a series of basic, intermediate, and advanced models. The monetary union is an open economy with high capital mobility. The exchange rate between the monetary union and the rest of the world is floating. The world interest rate can be exogenous or endogenous. The union countries may differ in money demand, consumption, imports, openness, or size. A striking feature is the numerical estimation of policy multipliers. A lot of diagrams serve to illustrate the subject in hand.