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 44
Page 5
... empirical support given the behaviour of the American economy over the last decade . This yields another post - Keynesian model with central bank constrained equilibria , where monetary policy has long - run effects on real interest ...
... empirical support given the behaviour of the American economy over the last decade . This yields another post - Keynesian model with central bank constrained equilibria , where monetary policy has long - run effects on real interest ...
Page 6
... empirical point of view . The question of the transmission mechanism is also the main topic of the chapter written by Robin Rowley and Brenda Spotton - Visano . The authors focus on the case of the Bank of Canada . They carefully ...
... empirical point of view . The question of the transmission mechanism is also the main topic of the chapter written by Robin Rowley and Brenda Spotton - Visano . The authors focus on the case of the Bank of Canada . They carefully ...
Page 9
... empirical evidence clearly rejects the assumption of perfect asset substitution , as well as the validity of the purchasing power parity and the uncovered interest parity hypotheses . As a result , Palley argues that the open economy ...
... empirical evidence clearly rejects the assumption of perfect asset substitution , as well as the validity of the purchasing power parity and the uncovered interest parity hypotheses . As a result , Palley argues that the open economy ...
Page 23
... empirical evidence looks so thin when dealing with industrialized countries with single - digit inflation ( Stanners , 1996 ; Thirlwall and Sanna , 1996 ) . My summary view of the new consensus is the following . Paradoxically , the new ...
... empirical evidence looks so thin when dealing with industrialized countries with single - digit inflation ( Stanners , 1996 ; Thirlwall and Sanna , 1996 ) . My summary view of the new consensus is the following . Paradoxically , the new ...
Page 24
... empirical evidence still appears to be unconvincing to a large number of economists ( Taylor , 1999 ) , such a negative impact appears intuitive and it has been observed in post - Keynesian empirical models of the economy ( Semmler and ...
... empirical evidence still appears to be unconvincing to a large number of economists ( Taylor , 1999 ) , such a negative impact appears intuitive and it has been observed in post - Keynesian empirical models of the economy ( Semmler and ...
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 |