Monetary Theory in Retrospect

Monetary Theory in Retrospect PDF

Author: Filippo Cesarano

Publisher: Routledge

Published: 2012-08-06

Total Pages: 256

ISBN-13: 1134098669

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An objective and perceptive account of the literature of monetary theory, this volume, by a central banker who has studied monetary theory over the last quarter of a century, clearly shows how its inherent complexity is much enriched by the study of its history. In three parts Filippo Cesarano: focuses on the innovative ideas of distinguished economists who anticipated modern theories, elaborating on them along lines that suggest original research programmes examines the impact of expectations on the effectiveness of monetary policy, illustrating how different assumptions within the classical paradigm lead to diverse hypotheses and policy design investigates the role of monetary theory in shaping monetary institutions. Deserving of a wide readership among both academic economists and monetary policy practitioners, this collection of essays is key reading for students and researchers engaged with monetary theory and the history of economics and policy makers seeking to weigh up the assumptions underlying different theories in order to select the models best suited to the problems they face.

Economic Theory in Retrospect

Economic Theory in Retrospect PDF

Author: Mark Blaug

Publisher: Cambridge University Press

Published: 1997-03-27

Total Pages: 756

ISBN-13: 9780521577014

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This book, first published in 1997, is a history of economic thought from Adam Smith to John Maynard Keynes.

Modern Money Theory

Modern Money Theory PDF

Author: L. Randall Wray

Publisher: Springer

Published: 2015-09-22

Total Pages: 322

ISBN-13: 1137539925

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This second edition explores how money 'works' in the modern economy and synthesises the key principles of Modern Money Theory, exploring macro accounting, currency regimes and exchange rates in both the USA and developing nations.

Studies in the History of Monetary Theory

Studies in the History of Monetary Theory PDF

Author: David Glasner

Publisher: Springer Nature

Published: 2021-11-01

Total Pages: 521

ISBN-13: 3030834263

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This book presents an alternative approach to monetary theory that differs from the General Theory of Keynes, the Monetarism of Friedman, and the New Classicism of Lucas. Particular attention is given to the work of Hawtrey and his analysis of financial crises and his explanation of the Great Depression. The unduly neglected monetary theory of Hawtrey is examined in the context of his contemporaries Keynes and Hayek and the subsequent contributions of Friedman and of the Monetary Approach to the Balance of Payments. Studies in the History of Monetary Theory aims to highlight the misunderstandings of the quantity theory and the price-specie-flow mechanism and to explain their unfortunate consequences for the subsequent development of monetary theory. The book is relevant to researchers, students, and policymakers interested in the history of economic thought, monetary theory, and monetary policy.

Modern Monetary Theory

Modern Monetary Theory PDF

Author: M.L. Burstein

Publisher: Springer

Published: 1986-01-28

Total Pages: 223

ISBN-13: 134918070X

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Innovations in financial markets and in financial management, together with dramatic innovations in the substance and technique of monetary theory, have made it necessary to restate the theory of money and the theory of monetary policy. In order to provide a new monetary theory, the author treats fully the following material: choice of currency and the theory of convertibility; interest on money; speculation and rational expectations; implications of electronic-transfer settlement procedures for monetary theory, as well as other matters. The theories of Tobin are developed and exposited in detail, as is the work of Friedman.

The Evolution of Economic Ideas

The Evolution of Economic Ideas PDF

Author: Phyllis Deane

Publisher: Cambridge University Press

Published: 1978-10-05

Total Pages: 260

ISBN-13: 9780521293150

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An introduction to the history of economics for undergraduate students. Puts some of the current theoretical controversies into long-term perspective by tracing their historical antecedents and parallels.

Capital, Accumulation, and Money

Capital, Accumulation, and Money PDF

Author: L.D. Taylor

Publisher: Springer Science & Business Media

Published: 2013-03-09

Total Pages: 271

ISBN-13: 1475747098

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Capital, Accumulation, and Money: An Integration of Capital, Growth, and Monetary Theory is a book about capital. A root concept of capital is developed which allows for most existing concepts of capital to be unified and related to one another in consistent fashion. Such a root concept of capital offers a framework for integrating monetary and capital theory, and for analyzing the functioning of an economy, whether that economy is in a steady state of subsistence or in a process of sustainable growth. Specifically, it is shown that a conservation principle emerges that both implies and imposes a variety of constraints on the macro behavior of an economy, constraints which make for straightforward understanding and analysis of such concepts as the real stock of money, real-balance effects, and the general price level. New and illuminating insights are also provided into aggregate supply and demand, natural and money rates of interest, the relationship between real and monetary economies, and economic growth and development.

Money and Monetary Systems

Money and Monetary Systems PDF

Author: Filippo Cesarano

Publisher: Edward Elgar Publishing

Published: 2008

Total Pages: 0

ISBN-13: 9781847205193

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Monetary theory not only provides the tools to analyse monetary arrangements, it also shapes them in an essential way. The selected papers gathered together in this book deal with a variety of topics concerning both aspects of this twofold relationship. A number of controversial issues regarding the demand for money are empirically investigated and the functioning of a cashless economy is clarified by critically assessing the new monetary economics. Filippo Cesarano shows the important role played by monetary theory in shaping the evolution of monetary arrangements. This principle is illustrated by focusing on several issues relating to both current and future developments of monetary institutions: the optimum quantity of money, the international monetary system and monetary unions. Equilibrium models are viewed as a benchmark against which the actual conditions of the economy must be set. Money and Monetary Systems will be of great interest and value to economists specialising in monetary theory and international monetary economics, postgraduate students in economics and economic historians.

The 2008 Global Financial Crisis in Retrospect

The 2008 Global Financial Crisis in Retrospect PDF

Author: Robert Z. Aliber

Publisher: Springer

Published: 2019-06-01

Total Pages: 443

ISBN-13: 3030123952

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This book addresses the causes and consequences of the international financial crisis of 2008. A range of esteemed contributors explore developments in the United States, where the crisis of 2008 originated, as well as the smallest country affected, Iceland, by evaluating developments since 2008. Currently, many countries are facing similar problems as Iceland did in 2008: this book is of interest to economists and policy makers in these countries to study what happened in Iceland, and why the recovery of that economy was strong and swift. The chapters in this book originate from panel discussions and conferences and explore areas including regulation, state projects and inflation.

Classical Versus Neoclassical Monetary Theories

Classical Versus Neoclassical Monetary Theories PDF

Author: Will E. Mason

Publisher: Springer

Published: 1996-12-31

Total Pages: 248

ISBN-13:

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Classical Versus Neoclassical Monetary Theories, completed just before Professor Will E. Mason's untimely death, places recent and mid-20th century monetary theory in a larger historical context, while examining the relevance of contemporary questions in monetary policy. Classical Versus Neoclassical Monetary Theories will be of interest to both historians of economic thought and monetary and macro economists, as well as to many well-informed followers and fashioners of monetary policy.