Zobacz książki o podobnej tematyce

Więcej informacji o Central Banking in the Modern World - Alternative Perspectives

• Dane szczegółowe
• Opis
• Ulubione w innej kategorii

Za ten zakup dostaniesz 346 punkty

Opis

Monetarism is dead! Central bankers are all Wicksellians now! They target low inflation rates, with no regard to monetary aggregates whatsoever, by acting upon short-term real rates of interest. This is the New Consensus in monetary economics, or simply the New Keynesian Synthesis. Yet, this synthesis still hinges on variants of the long-run vertical Phillips curve originally proposed by Milton Friedman, the father of old-line monetarism. Contributors to the volume question this New Consensus. While they agree that the money supply should be conceived as endogenous, they carefully examine the procedures pursued by central banks, the monetary policy transmission mechanisms suggested by central bankers themselves, and the assumptions imbedded in the New Consensus. They propose alternative analyses that clearly demonstrate the limits of modern central banking and point to the possible instability of monetary economies. Heterodox and orthodox monetary macroeconomists alike will find this illuminating book of great interest.

Szczegóły książki

• Pełny tytuł: Central Banking in the Modern World - Alternative Perspectives
• Autor: Marc Lavoie, Mario Seccareccia
• Język: Angielski
• Oprawa: Twarda
• Liczba stron: 320
• EAN: 9781843766414
• ID: 04855539
• Wydawca: Edward Elgar Publishing Ltd
• Waga: 632 g
• Wymiary: 234 × 156 × 30 mm
• Data wydania: 20. December 2004

Ulubione w innej kategorii

---

---

---