Modern Monetary Macroeconomics

A New Paradigm for Economic Policy

Inbunden, Engelska, 2012

2 669 kr

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This timely book uses cutting-edge research to analyze 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.Contributors include: J.-L. Bailly, X. Bradley, A. Cencini, M. Citraro, C. Gnos, P. Piégay, S. Rossi, B. Schmitt

Produktinformation

Utgivningsdatum2012-11-30
FormatInbunden
SpråkEngelska
FörlagEdward Elgar Publishing Ltd
ISBN9781847200358

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Contents:Introduction Claude Gnos and Sergio Rossi PART I: A NEW ANALYTICAL APPROACH1. Relative Prices are Undermined by a Mathematical Error Bernard Schmitt2. Towards a Macroeconomic Approach to MacroeconomicsAlvaro CenciniPART II: DOMESTIC ISSUES AND ECONOMIC POLICIES3. Money, Effective Demand, and ProfitsBernard Schmitt4. Labour, Wages, and Non-wage Incomes Jean-Luc Bailly5. Inflation and the Circuit of Income Xavier Bradley and Pierre Piégay6. The Unemployment Issue Claude Gnos7. Is There a Common Cause to Economic and Financial Crises? Alvaro CenciniPART III: INTERNATIONAL ISSUES AND ECONOMIC POLICIES8. The Monetary–Structural Origin of TARGET2 Imbalances Across Euroland Sergio Rossi9. Sovereign Debt and Interest Payments Bernard Schmitt10. World Monetary Disorders: The Mystery of the ‘Missing Surplus’ and of the ‘Missing Capital Outflow’Alvaro Cencini and Mauro CitraroIndex