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Monetary Velocity and Monetary Policy
The Review of Economics and Statistics, 1948T HE Keynesian concept of liquidity-preference is not a single idea, but like a prism has several facets. The views produced by a prism depend on the way it is turned and whether it is in motion or perfectly still. Users of the concept of liquidity-preference, like a person with a prism in his hand, may unconsciously turn it around and produce confused
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Monetary targeting in Germany: The stability of monetary policy and of the monetary system
Journal of Monetary Economics, 1997Abstract For more than two decades the Deutsche Bundesbank has followed a strategy of pre-announcing targets for the growth in broad money. Such consistency has not conflicted with limited flexibility in policy implementation. The stable policy environment may have contributed to the stability of the monetary system in general and money demand in ...
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The Economic Journal, 1988
In this lecture I shall take up three topics: the demand for money, the implication of missing markets for the theory of asset pricing and lastly equilibrium with asymmetric information with special focus on the credit market. All of these topics have been the subject of much recent work, and my debt to that work will be obvious.
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In this lecture I shall take up three topics: the demand for money, the implication of missing markets for the theory of asset pricing and lastly equilibrium with asymmetric information with special focus on the credit market. All of these topics have been the subject of much recent work, and my debt to that work will be obvious.
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Monetary Institutions and Monetary Theory: Reflections on the History of Monetary Economics
2010Monetary economics is part of the belief system of society. It is also part of the system of social control. And those institutions studied by monetary economists are part of the power structure of society.
Warren J. Samuels, Roger Sandilands
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Monetary Economics and Monetary Policy
2007The whole body of Keynes’s economics arose from recognition that classical theory did not provide an adequate representation of economic activity because it neutralised the role of money in the economic system. Economies were not based on the commodity money assumed by classical economics, but on bank money. Keynes saw that the evolution from commodity
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Monetary history and monetary policy
Journal of Monetary Economics, 1987Thomas Sargent’s analyses of historical policy regime changes impacted strongly on the direction of monetary and fiscal policy debates in the first half of the 1980’s. Certainly, all current research into strategies for terminating rapid inflation accepts Sargent’s ‘The Ends of Four Big Inflations’ as a point of departure.
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Monetary Theory as a Basis for Monetary Policy
2001The International Economic Association Acknowledgements Notes on the Contributors List of Abbreviations and Acronyms Introduction A.Leijonhufvud Monetary Theory and Central Banking A.Leijonhufvud Comment J.Melitz PART I: INTERTEMPORAL EQUILIBRIUM Intertemporal General Equilibrium Theory and Monetary Policy J.Dreze & H.Polemarchakis Comment J.M ...
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Monetary Theory and Monetary Policy in the 1970's
Journal of Money, Credit and Banking, 1972G. Clayton+3 more
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Monetary Aggregate and Monetary Policy.
The Journal of Finance, 1976Warren L. Coats, Richard G. Davis
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Monetary Targets and Monetary Control
2010It was inevitable that competition and credit control (CCC) would be followed by transitional problems, some anticipated and some less so. Monetary conditions were made more difficult when accompanied by the coincidental expansionary policies of the Heath Government.
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