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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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Introduction to monetary and macro economics
Journal of Economic Theory, 2008zbMATH 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, 1987This 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, 1980Agents' 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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The Scandinavian Journal of Economics at 125: a bibliometric overview
The Scandinavian Journal of EconomicsEstablished in 1899 by David Davidson, The Scandinavian Journal of Economics is one of the most respected journals in the field of economics. In 2024, the journal celebrates its 125th anniversary.
Anton Figuerola-Wischke +4 more
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Behavioral Economics and Monetary Policy
SSRN Electronic Journal, 2015The 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
2013Our 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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Theorizing Economic and Monetary Union
2023This 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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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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