|Statement||[by] Stephen Rousseas.|
|Series||Alfred A. Knopf books in economics|
|LC Classifications||HG255 .R64 1972|
|The Physical Object|
|Pagination||xiv, 286 p.|
|Number of Pages||286|
|LC Control Number||70163198|
Aug 07, · In a challenge to conventional views on modern monetary and fiscal policy, this book presents a coherent analysis of how money is created, how it functions in global exchange rate regimes, and how the mystification of the nature of money has constrained governments, and prevented states from acting in the public interest/5. Monetary theory is based on the idea that a change in money supply is the main driver of economic activity. It argues that central banks, which control the levers of monetary policy, can exert. Books shelved as monetary-theory: Money, Bank Credit, and Economic Cycles by Jesús Huerta de Soto, What Has Government Done to Our Money? and The Case fo. Monetary policy has several important aims including eliminating unemployment, stabilizing prices, economic growth and equilibrium in the balance of payments. Monetary policy is planned to fulfill all these goals at once. Everyone agrees with these ambitions, but the path to achieve them is the subject of heated contention.
Monetary Theory and Policy presents an advanced treatment of critical topics in monetary economics and the models economists use to investigate the interactions between real and monetary factors. It provides extensive coverage of general equilibrium models of money, models of the short-run real effects of monetary policy, and game-theoretic approaches to monetary policy. May 31, · If book sales are any guide, then Modern Monetary Theory is gaining traction. If book sales are any guide, then Modern Monetary Theory is gaining traction. Welcome to Alt-M, a community devoted to exploring and promoting ideas for an alternative monetary future. Our goal is to reveal the shortcomings of today’s centralized, bureaucratic, and discretionary monetary arrangements, and to bring serious consideration of real alternatives to the center stage of current monetary and financial reform debates. Monetary Theory and Policy presents an advanced treatment of critical topics in monetary economics and the models economists use to investigate the interactions between real and monetary factors. It provides extensive coverage of general equilibrium models of money, models of the short-run real effects of monetary policy, and game-theoretic approaches to monetary policy.3/5(5).
Monetary economics is the branch of economics that studies the different competing theories of money: it provides a framework for analyzing money and considers its functions (such as medium of exchange, store of value and unit of account), and it considers how money, for example fiat currency, can gain acceptance purely because of its convenience as a public good. and monetary sovereignty is misleadingly incomplete. Thus, NCT’s analyses appear to be a more adequate foundation for modern sovereign money. JEL codes E5, G21, G Keywords Monetary theory, sovereign money, monetary reform, banking school, currency . Modern Monetary Theory: Cautionary Tales from Latin America Sebastian Edwards* Economics Working Paper HOOVER INSTITUTION GALVEZ MALL STANFORD UNIVERSITY STANFORD, CA April 25, According to Modern Monetary Theory (MMT) it is possible to use expansive monetary policy – money creation by the central bank (i.e. the Federal Reserve) – to finance large. Published originally in , Monetary Theory and the Trade Cycle is the first essay Friedrich A. Hayek wrote. It serves as a primer into Hayek’s monetary and capital theories. In it, he takes the time to dismember opposing monetary theories of the trade cycle, discarding faulty analysis and maintaining sound foundations, as to lead to his own monetary theory of the trade cycle.