Central Banking in the Modern World: Alternative PerspectivesMarc Lavoie, Mario Seccareccia 'The book provides a good variety of articles capable of satisfying different readers regarding central banking.' - Eric Tymoigne, Journal of Economic Issues According to the New Consensus in monetary economics, monetarism is dead and cent |
From inside the book
Results 1-5 of 25
Page 2
... exogenously determined in their models does not mitigate the error ; the fact is that this approach is simply incorrect ... exogenous " monetary actions leads to a specification error ' ( Lombra and Torto , 1973 , p . 47 ) . In academia ...
... exogenously determined in their models does not mitigate the error ; the fact is that this approach is simply incorrect ... exogenous " monetary actions leads to a specification error ' ( Lombra and Torto , 1973 , p . 47 ) . In academia ...
Page 3
... exogenous monetary base in explaining the evolution of nominal income . Authors resort to all sorts of perilous tricks to justify their stories based on the quantity theory of money , while inserting boxes to discuss the actual ...
... exogenous monetary base in explaining the evolution of nominal income . Authors resort to all sorts of perilous tricks to justify their stories based on the quantity theory of money , while inserting boxes to discuss the actual ...
Page 16
... exogenous element in economic models , being understood that central banks would set interest rates on the basis of their desired goals and on the basis of realized and anticipated fluctuations in the main economic variables . While one ...
... exogenous element in economic models , being understood that central banks would set interest rates on the basis of their desired goals and on the basis of realized and anticipated fluctuations in the main economic variables . While one ...
Page 23
... exogenous supply of money , and the replacement of a money growth rule for a real interest rate targeting rule . Yet , as early as 1981 , some New Keynesian authors were already advocating such a rule , as a replacement for the standard ...
... exogenous supply of money , and the replacement of a money growth rule for a real interest rate targeting rule . Yet , as early as 1981 , some New Keynesian authors were already advocating such a rule , as a replacement for the standard ...
Page 25
... exogenous to the actual rate of growth , and economists in the Keynesian / post - Keynesian tradition , who maintain that growth is primarily demand driven because labour force and productivity growth respond to demand growth ' ( León ...
... exogenous to the actual rate of growth , and economists in the Keynesian / post - Keynesian tradition , who maintain that growth is primarily demand driven because labour force and productivity growth respond to demand growth ' ( León ...
Contents
15 | |
35 | |
3 Interest Rate Operating Procedures and Income Distribution | 57 |
Going Beyond the New Consensus | 70 |
TRANSMISSION MECHANISMS | 89 |
Inside Evidence Revisited | 91 |
Setting the Agenda | 112 |
7 Modern Central Banks Only Have Real Effects | 127 |
10 The Role of Monetary Policy in Post Keynesian StockFlow Consistent Macroeconomic Growth Models | 183 |
HISTORICAL PERSPECTIVES | 209 |
Dornbusch versus Tobin | 211 |
12 Minsky and Tobin on the Instability of a Monetary Economy | 226 |
13 Considerations on Allan H Meltzers History of the Federal Reserve | 244 |
14 Central Banking in Early Industrialization | 262 |
Name Index | 283 |
Subject Index | 289 |
8 Central Banking in the Monetary Circuit | 144 |
9 LongTerm Interest Rates Liquidity Preference and the Limits of Central Banking | 164 |
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Common terms and phrases
aggregate demand analysis Arestis argued assumptions Bank B2 Bank of Canada bank's behaviour Cambridge Canadian capital causal central bank money changes chapter consensus model debt determined domestic economists Edward Elgar empirical endogenous money equation equities exogenous expectations Federal Reserve fiat money financial markets Friedman growth rate households impact income increase inflation rate inflation target interbank investment IROP Journal of Economics Keynes Lavoie loans long-run long-term bonds long-term rates macroeconomics Meltzer Minsky Minsky's Monetary Economics monetary policy money market money supply NAIRU natural rate NC model neoclassical nominal interest rates open economy overnight rate payment Phillips curve PK model post-Keynesian price level profits rate of growth rate of inflation rate of interest rate of return real interest rate real rate result role Seccareccia Second Bank sector Setterfield settlement balances shock short-term Smithin stability Tobin transmission mechanism Treasury bills variables wages Wicksellian zero
References to this book
Handbook of Research on Writing: History, Society, School, Individual, Text Charles Bazerman No preview available - 2008 |