Download Macroeconomics, Finance and Money: Essays in Honour of by Giuseppe Fontana, John McCombie, Malcolm Sawyer PDF

April 5, 2017 | Money Monetary Policy | By admin | 0 Comments

By Giuseppe Fontana, John McCombie, Malcolm Sawyer

This volume makes a speciality of present problems with debate within the sector of recent macroeconomics and funds, written from (a widely interpreted) submit Keynesian point of view. The papers connect to Philip Arestis' contributions to macroeconomics and cash, and pay tribute to his individual occupation.

Show description

Read Online or Download Macroeconomics, Finance and Money: Essays in Honour of Philip Arestis PDF

Best money & monetary policy books

Monetary Policy in the Euro Area: Strategy and Decision-Making at the European Central Bank

How and for whose gain the ecu imperative financial institution (ECB) will paintings is without doubt one of the most crucial matters dealing with Europe, and has been the topic of significant media and educational curiosity. a lot of this dialogue has been of an more and more emotional and political nature and has served to blur instead of tell.

Gold And The Gold Standard: The Story Of Gold Money Past, Present And Future

Gold and the greatest: the tale of Gold cash, previous, current, and destiny is Edwin Walter Kemmerer's significant treatise. one of many twentieth century's unsung heroes, Kemmerer used to be an economics professor at Princeton and was once a sought-after "money physician" within the interwar interval, aiding nations identify and continue robust currencies among 1923 and 1933.

Banking Crises: Perspectives from The New Palgrave Dictionary

Why do banks cave in? Are monetary structures extra fragile in fresh many years? Can regulations to mend the banking method do extra damage than solid? what is the historical past of banking crises? With dozens of short, non-technical articles through economists and different researchers, Banking Crises deals solutions from varied scholarly viewpoints.

Extra info for Macroeconomics, Finance and Money: Essays in Honour of Philip Arestis

Sample text

1999), ‘Optimal Monetary Policy Inertia’, Manchester School, vol. 67, Supplement, 1–35. 2 Arestis and Sawyer’s Criticism on the New Consensus Macroeconomics: Some Issues Related to Emerging Countries Luiz Fernando de Paula and Fernando Ferrari-Filho 1. Introduction As is well known, the New Consensus Macroeconomic (NCM) can be characterized as an extension of the New Keynesian Theory. The New Keynesian Theory was developed in the 1980s and aimed at presenting a theoretical framework to explain what the New Keynesians believe to be the essential aspect of Keynes’s General Theory: the existence of price and wage rigidities.

A generalization of monopolistic competition to all countries. Adolfson et al. (2007a) also at least implicitly imply that had Keynesian scholars benefited from recent 16 Macroeconomics, Finance and Money technical advances, they would have been using general equilibrium models in earlier periods, although this point is questionable. What is less so at this stage is the sense these authors have of the superiority of their model for the purpose of forecasting. This superiority is observable in the types of simulations exercises Adolfson et al.

Monetary policy operated by the management of the interest rates can have significant impact on the level of economic activity. The management of interest rates can be used in order to influence the private agents’ portfolio in favor of increases of production (using current productive capacity) and the acquisition of capital goods, as it can provoke a shift in the relative prices of different assets, from the more liquid to the more illiquid assets, that is, leading changes in the portfolio decisions that can affect real variables of the economy (output and employment).

Download PDF sample

Rated 4.52 of 5 – based on 48 votes