Money, Financial Instability and Stabilization PolicyL. Randall Wray, Mathew Forstater Money, Financial Instability and Stabilization Policy consists of original articles by leading Post Keynesians, Kaleckians and other heterodox economists from the developed and developing world. Post Keynesian literature has long been associated with the |
Contents
| 1 | |
1 Negative net resource transfers as a Minskyian hedge profile and the stability of the international financial system | 11 |
2 Monetary and social relationships | 22 |
3 System dynamics of interest rate effects on aggregate demand | 37 |
4 Credibility versus confidence in monetary policy | 58 |
towards a synthesis between Post Keynesian and Institutional Economics | 85 |
6 Saving assetprice inflation and debtinduced deflation | 104 |
a Post Keynesian interpretation | 125 |
the Mexican case | 141 |
9 The Washington Consensus and nondevelopment | 171 |
10 Competition low profit margin low inflation and economic stagnation | 192 |
11 Foundering after floating? Exchange rate management and the Mexican stock market 19952001 | 208 |
the development of the new member states of the European Union | 231 |
| 257 | |
Other editions - View all
Money, Financial Instability and Stabilization Policy L. Randall Wray,Mathew Forstater No preview available - 2006 |
Common terms and phrases
adjustment agents aggregate demand analysis asset-price inflation assets balance bank-based bankers banking evolution behaviour business cycle cent Central Bank changes cointegrating competition confidence strategy credibility credit supply crises current account deficits Davidson debt ratio debt service deposit rates devaluation developing countries dollarization domestic producers dynamic Edward Elgar effects endogenous equilibrium equity returns expectations external financial markets financial system firms fluctuations foreign currency framework funds important income increase inflation targeting Institutionalists institutions interbank rate interest rates investment investors Journal of Economic Journal of Post Keynes Keynes's lending loan rate long-run macro macroeconomic Mexican Minsky monetary policy negative Nelson and Plosser oligopsony payments peso portfolio Post Keynesian Economics price stability problems production profit margins real business cycle reduce role rule savings shocks short-term Slovenia structure Table theory tion transition countries Treasury bill rate uncertainty unit roots variable Washington Consensus