Controversies in Monetary Economics

Revised Edition

Inbunden, Engelska, 2003

AvJohn Smithin

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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.This insightful book will be of interest to all those concerned with monetary economics and macroeconomics, including academic researchers, graduate and senior undergraduate students - particularly those looking for an alternative to current economic orthodoxy - and historians of economic thought. Practitioners in central banks, international financial institutions, the financial markets and finance ministries will also find this work invaluable.

Produktinformation

Utgivningsdatum2003-04-28
Mått156 x 234 x undefined mm
FormatInbunden
SpråkEngelska
FörlagEdward Elgar Publishing Ltd
ISBN9781840648294

Tillhör följande kategorier

Makroekonomi inom Ekonomi och Ledarskap
Ekonomisk historia inom Ekonomi och Ledarskap
Nationalekonomi inom Ekonomi och Ledarskap

Contents: Preface to the Revised Edition 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 Index

'John Smithin's erudite and eloquent Controversies in Monetary Economics (now in a revised second edition) reminds us that a cashless economy is by no means a moneyless economy. Drawing on Keynes's concept of monetary production and on the later work of Sir John Hicks, Smithin argues persuasively for the continuing central importance of money in understanding interest rate determination and economic fluctuations. This insightful book illuminates the role of monetary policy, notably within the European Monetary Union.'