| Description |
x, 221 pages : illustrations ; 24 cm |
| Contents |
1. Money and economic theory and policy -- 2. The nature and functions of money: a re-examination -- 3. Monetarism and the quantity theory of money -- 4. Short-run non-neutralities, nominal rigidities, misperceptions and the concept of the Phillips curve -- 5. The real bills doctrine, interest rate pegging and endogenous money -- 6. Money, interest rates and output -- 7. An alternative monetary model of inflation and economic growth -- 8. The international economy and alternative exchange rate regimes -- 9. Inflation and the economy -- 10. Concluding remarks |
| Summary |
"This insightful book will be of interest to all those concerned with monetary economics and macroeconomics, including academic researchers, graduate and senior undergraduate students - particularly those looking for an alternative to current economic orthodoxy - and historians of economic thought. Practitioners in central banks, international financial institutions, the financial markets and finance ministries will also find this work invaluable."--BOOK JACKET. "Although so-called 'real' theories of business cycles and growth are prevalent in contemporary mainstream economics, Controversies in Monetary Economics suggests that those economists who have instinctively focused on monetary factors in explaining macroeconomic behaviour are more genuinely 'realistic'. The author combines an explanation of past and present monetary controversy with practical proposals for the conduct of monetary policy in the contemporary global economy. Several alternative approaches are discussed, ranging from the traditional quantity theory to Post Keynesian theories of endogenous money." |
| Notes |
Includes index |
| Bibliography |
Includes bibliographical references and index |
| Subject |
Money.
|
|
Monetary policy.
|
| LC no. |
2002037922 |
| ISBN |
1840648295 hardback |
|
