Money and the Economy: Issues in Monetary Analysis

ISBN-13: 9780521599740 / Angielski / Miękka / 1997 / 412 str.

Karl Brunner; Allan H. Meltzer

Opis

This volume offers a perspective on a key issue of monetary economics. It addresses the theoretical aspects of this issue with the purpose of understanding their policy implications. It offers an historical overview on the relationship between money and output, and goes on to present Brunner's and Meltser's model of a monetary economy. Throughout the volume, their views are confronted with competing explanations in order to highlight differences. The monetarist flavour of the volume emerges most clearly in frequent arguments pointing to the relative stability of the private sector. A leitmotiv of the lectures is uncertainty and costs of acquiring information.

Recenzje

'The author is a renowned researcher in this area. His book will serve not only as an introduction to the topic, but it will certainly remain as a major reference on collocation methods for many years.' Numerical Algorithms

Spis treści

Preface; 1. A review of the issues; 2. The monetary mechanism: markets for assets; 3. Fiscal policy, prices and wages, unemployment and related issues; 4. Monetary policy: problems and potential; Discussion; Comments.