Results 251 to 260 of about 5,772,141 (308)
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Journal of Political Economy, 1972
Friedman's many contributions to monetary theory did much to renew interest in monetary theory and policy. Heretofore, there has been no statement of the underlying theory that guides his work and generates policy implications. Two recent papers attempt to fill the gap. We have four main criticisms of Friedman's theory. We regard as most important that
Brunner, Karl, Meltzer, Allan H
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Friedman's many contributions to monetary theory did much to renew interest in monetary theory and policy. Heretofore, there has been no statement of the underlying theory that guides his work and generates policy implications. Two recent papers attempt to fill the gap. We have four main criticisms of Friedman's theory. We regard as most important that
Brunner, Karl, Meltzer, Allan H
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Overconfidence in Monetary Theory and Monetary Policy
2001In this chapter we argue that when it comes to present-day monetary theory and policy, economists suffer from myopia and are prone to herd behaviour. As a result, too many economists give too much weight to actual economic developments which can have an excessive impact on economic theory and policy.
Brakman, S. +2 more
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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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2018
Translation of a revised and enlarged version of “Mises’ Geldtheorie”, originally published in T. Polleit (ed.), Mises für Einsteiger (Munich: Finanzbuch-Verlag, 2013), pp. 40-82.Mises developed a new theory of money and banking that he fit into the subjectivist value theory developed by Carl Menger.
Hulsmann, Guido +2 more
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Translation of a revised and enlarged version of “Mises’ Geldtheorie”, originally published in T. Polleit (ed.), Mises für Einsteiger (Munich: Finanzbuch-Verlag, 2013), pp. 40-82.Mises developed a new theory of money and banking that he fit into the subjectivist value theory developed by Carl Menger.
Hulsmann, Guido +2 more
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The challenge of monetary theory
European Economic Review, 1993Departing from custom, I want to address a problem that needs to be solved rather than one that has been solved. I do not have much to contribute to its solution, but I believe that the problem is important and want to focus attention on it. In general terms, the problem is to find appropriate conceptual foundations for monetary economics.
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The Review of Economic Studies, 1987
The transactions cost for alternative exchange mechanisms for the household exchange problem can be characterized by the computational complexity of the exchange process. The computational complexity for any exchange mechanisms is at least nH, where n is the number of goods and H is the number of households.
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The transactions cost for alternative exchange mechanisms for the household exchange problem can be characterized by the computational complexity of the exchange process. The computational complexity for any exchange mechanisms is at least nH, where n is the number of goods and H is the number of households.
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The Journal of Finance, 1960
THIS IS A STUDY of the monetary writings of the great neoclassical economists, dating from the early 1870's, and their significance for the development of monetary theory. Two deductive approaches to the quantity theory characterized neoclassical monetary theory. One was a utility analysis of the demand for money.
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THIS IS A STUDY of the monetary writings of the great neoclassical economists, dating from the early 1870's, and their significance for the development of monetary theory. Two deductive approaches to the quantity theory characterized neoclassical monetary theory. One was a utility analysis of the demand for money.
openaire +1 more source