Results 211 to 220 of about 25,720 (262)

Monetary Economics, History of

2008
As with so much else in the Western tradition, theorizing about the role of money can be traced back to Plato and Aristotle in the fourth century bce, although they may have drawn on pre-Socratic philosophers whose works survive, if at all, only in fragments. In his Republic (1974), Plato remarked that money was a symbol devised to make exchange easier.
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Monetary Economics and Monetary Policy

2007
The 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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Introduction to monetary and macro economics

Journal of Economic Theory, 2008
zbMATH Open Web Interface contents unavailable due to conflicting licenses.
Narayana Kocherlakota, Randall Wright
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The Development of the New Monetary Economics

Journal of Political Economy, 1987
This paper looks into the history of economic thought to examine the forerunners of the "new monetary economics." This approach emphasizes the role of regulations on private financial intermediation in determining the particular institutional arrangements that contemporary monetary theory treats as data. The "new view" investigates the possibility that
Cowen, Tyler, Kroszner, Randall
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An Economic Theory of Monetary Reform

Journal of Political Economy, 1980
Agents' beliefs in the imminent reform of a particular money supply process can have a powerful effect on their predictions of such variables as the rate of inflation. To find a criterion for monetary reform, we argue that any money supply process which does not provide a finite solution for price in a Cagan-type hyperinflationary money market will be ...
Flood, Robert P, Garber, Peter M
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Theorizing Economic and Monetary Union

2023
This chapter offers an inquiry into how EMU has been conceptualized in the European Union by analysing the path taken over the past five decades. The definition of what is on the agenda, and considered part of the scope of EMU, has had a major impact on what EMU actually covers.
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Behavioral Economics and Monetary Policy

SSRN Electronic Journal, 2015
The aim of this paper is to review the results of the existing literature on the relationships between behavioral economics and monetary policy. The description illustrates how the behavioral insights has been so far used in explaining how non-standard agent choices can shape in general the macro performances and specifically the monetary policy ...
Favaretto F, Masciandaro D
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Monetary Policy in the Economic and Monetary Union

2013
Our main focus of attention in this and the next chapter is on the EMU macroeconomic policy frameworks. We discuss monetary policy as implemented by the ECB in this chapter, and this is followed in chapter 5 by a discussion of the fiscal policy aspects of the Economic and Monetary Union (EMU).
Philip Arestis, Malcolm Sawyer
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The Monetary Economics of Henry Meulen

Journal of Money, Credit and Banking, 1992
This paper assesses the monetary economics of Henry Meulen, one of the more important forerunners of the "new monetary economics" and the modern free banking school. Meulen's monetary economics was original though flawed. He had important insights into the option clause, the impact of legal restrictions, the separation of monetary functions, the credit
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Monetary Institutions and Monetary Theory: Reflections on the History of Monetary Economics

2010
Monetary 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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