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Author : Mohammad R. Safarzadeh
Publisher :
ISBN 13 :
Total Pages : 268 pages
Book Rating : 4.:/5 (993 download)
Download or read book Money Growth and the Behavior of Industrial Prices written by Mohammad R. Safarzadeh and published by . This book was released on 1984 with total page 268 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Michael D. Bordo
Publisher : University of Chicago Press
ISBN 13 : 0226066959
Total Pages : 545 pages
Book Rating : 4.2/5 (26 download)
Download or read book The Great Inflation written by Michael D. Bordo and published by University of Chicago Press. This book was released on 2013-06-28 with total page 545 pages. Available in PDF, EPUB and Kindle. Book excerpt: Controlling inflation is among the most important objectives of economic policy. By maintaining price stability, policy makers are able to reduce uncertainty, improve price-monitoring mechanisms, and facilitate more efficient planning and allocation of resources, thereby raising productivity. This volume focuses on understanding the causes of the Great Inflation of the 1970s and ’80s, which saw rising inflation in many nations, and which propelled interest rates across the developing world into the double digits. In the decades since, the immediate cause of the period’s rise in inflation has been the subject of considerable debate. Among the areas of contention are the role of monetary policy in driving inflation and the implications this had both for policy design and for evaluating the performance of those who set the policy. Here, contributors map monetary policy from the 1960s to the present, shedding light on the ways in which the lessons of the Great Inflation were absorbed and applied to today’s global and increasingly complex economic environment.
Author : Anna J. Schwartz
Publisher : University of Chicago Press
ISBN 13 : 0226742296
Total Pages : 461 pages
Book Rating : 4.2/5 (267 download)
Download or read book Money in Historical Perspective written by Anna J. Schwartz and published by University of Chicago Press. This book was released on 2009-02-15 with total page 461 pages. Available in PDF, EPUB and Kindle. Book excerpt: Modern monetary economics has been significantly influenced by the knowledge and insight brought to the field by the work of Anna J. Schwartz, an economist whose career has spanned almost half a century. Her contributions evidence a broad expertise in international history and policy, and an ability to apply the results of her careful historical research to current issues and debates. Money in Historical Perspective is a collection of sixteen of her papers selected by Michael D. Bordo and Milton Friedman. Grouped into three sections, the essays constitute a number of Dr. Schwartz's most cited articles on the subject of monetary economics, many of which are no longer readily accessible. In the papers in part I, dating from 1947 to the present, Dr. Schwartz examines money and banking in the United States and the United Kingdom from a historical perspective. Her investigation of the historical evidence linking economic instability to erratic monetary behavior—this behavior itself a product of discretionary monetary policy—has led her to argue for the importance of stable money, and her writings on these issues over the last two decades form part II. The volume concludes with four recent articles on international monetary arrangements, including Dr. Schwartz's well-known work on the gold standard. This volume of classic essays by Anna Schwartz will be a useful addition to the libraries of scholars and students for its exemplary historical research and commentary on monetary systems.
Author : Chamber of Commerce of the United States of America. Economic Research Department
Publisher :
ISBN 13 :
Total Pages : 94 pages
Book Rating : 4.E/5 ( download)
Download or read book Pricing Problems and the Stabilization of Prosperity written by Chamber of Commerce of the United States of America. Economic Research Department and published by . This book was released on 1947 with total page 94 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : United States. Congress. Joint Economic Committee
Publisher :
ISBN 13 :
Total Pages : 1394 pages
Book Rating : 4.F/5 ( download)
Download or read book Employment, Growth, and Price Levels written by United States. Congress. Joint Economic Committee and published by . This book was released on 1959 with total page 1394 pages. Available in PDF, EPUB and Kindle. Book excerpt: Explores the possibility of combining three economically desirable goals: an adequate rate of economic growth, substantially full employment or maximum employment, and substantial price stability. pt. 6c: Contains answers to questions on monetary policy and debt management submitted to the Secretary of the Treasury, the Chairman of the Board of Governors of the Federal Reserve System, and 17 firms dealing in Government securities. pt. 10: Contains written responses from Treasury Dept and Federal Reserve Board to questions submitted by Joint Economic Committee on the Government's management of its monetary, fiscal, and debt operations.
Author : Lars Jonung
Publisher : Routledge
ISBN 13 : 135152299X
Total Pages : 259 pages
Book Rating : 4.3/5 (515 download)
Download or read book Demand for Money written by Lars Jonung and published by Routledge. This book was released on 2018-02-06 with total page 259 pages. Available in PDF, EPUB and Kindle. Book excerpt: The income velocity of money-an inverse measure of the demand for money balances-is the ratio of the money value of income to the average money stock that the public (excluding banks) holds in a given period. Why the magnitude of that ratio has changed over time is the subject of Michael D. Bordo and Lars Jonung's classic study, originally published as The Long-Run Behavior of the Velocity of Circulation. Supported by statistical data, econometric estimation techniques, and meticulous historical analysis, this work describes, in an international setting, how slow-moving economic, social, and political forces interact with the decisions households and firms make about how much money to hold. Annual time series of velocity for several countries from the late nineteenth century to the late twentieth century display a U-shaped pattern. Existing theories can explain each section of the velocity curve-the falling, flat, and rising parts-but the overall pattern is not consistent with any one theory. Here the authors put forth a comprehensive explanation for this behavior over time. Their theory is largely an extension of the approach of Knut Wicksell, the Swedish economist who stressed the role of substitution between monetary assets. This approach, which emphasizes institutional variables, is incorporated into the arguments for the traditional long-run money demand (velocity) function. Four types of empirical evidence strongly support the authors' theory: econometric studies of the long-run velocity function for several countries; a cross section study of approximately eighty countries in the postwar period; a case study of the Swedish monetization process in the fifty years before World War I; and an examination of the time series properties of velocity. Demand for Money suggests that institutional factors, as opposed to real income, play a greater role in velocity than previously thought. And these institutional factors have a major impact on monetary policy. This is a book that will prove of great value to economists, monetary strategists, and policymakers.
Author : Benjamin Eden
Publisher : John Wiley & Sons
ISBN 13 : 0470752009
Total Pages : 424 pages
Book Rating : 4.4/5 (77 download)
Download or read book A Course in Monetary Economics written by Benjamin Eden and published by John Wiley & Sons. This book was released on 2008-04-15 with total page 424 pages. Available in PDF, EPUB and Kindle. Book excerpt: A Course in Monetary Economics is an insightful introduction to advanced topics in monetary economics. Accessible to students who have mastered the diagrammatic tools of economics, it discusses real issues with a variety of modeling alternatives, allowing for a direct comparison of the implications of the different models. The exposition is clear and logical, providing a solid foundation in monetary theory and the techniques of economic modeling. The inventive analysis explores an extensive range of topics including the optimum quantity of money, optimal monetary and fiscal policy, and uncertain and sequential trade models. Additionally, the text contains a simple general equilibrium version of Lucas (1972) confusion hypothesis, and presents and synthesizes the results of recent empirical work. The text is rooted in the author's years of teaching and research, and will be highly suitable for monetary economics courses at both the upper-level undergraduate and graduate levels.
Author : United States. Congress. Joint Economic Committee
Publisher :
ISBN 13 :
Total Pages : 480 pages
Book Rating : 4.:/5 (6 download)
Download or read book Employment, Growth, and Price Levels: The effects of monopolistic and quasi monopolistic practices, September 22, 23, 24, and 25, 1959 written by United States. Congress. Joint Economic Committee and published by . This book was released on 1959 with total page 480 pages. Available in PDF, EPUB and Kindle. Book excerpt: Explores the possibility of combining three economically desirable goals: an adequate rate of economic growth, substantially full employment or maximum employment, and substantial price stability. pt. 6c: Contains answers to questions on monetary policy and debt management submitted to the Secretary of the Treasury, the Chairman of the Board of Governors of the Federal Reserve System, and 17 firms dealing in Government securities. pt. 10: Contains written responses from Treasury Dept and Federal Reserve Board to questions submitted by Joint Economic Committee on the Government's management of its monetary, fiscal, and debt operations.
Author : United States. Congress. Joint Economic Committee
Publisher :
ISBN 13 :
Total Pages : 298 pages
Book Rating : 4.3/5 (91 download)
Download or read book The Relationship of Prices to Economic Stability and Growth written by United States. Congress. Joint Economic Committee and published by . This book was released on 1958 with total page 298 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Wei-Bin Zhang
Publisher : Routledge
ISBN 13 : 1134043716
Total Pages : 395 pages
Book Rating : 4.1/5 (34 download)
Download or read book Monetary Growth Theory written by Wei-Bin Zhang and published by Routledge. This book was released on 2008-07-23 with total page 395 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book answers some challenging questions in monetary growth theory within a compact theoretical framework. The author succeeds in integrating the theory of money, the theory of value and the theory of growth. The book re-examines many important ideas in modern monetary economics within a single analytical framework. It is concerned not only wit
Author : United States. Congress. Joint Economic Committee
Publisher :
ISBN 13 :
Total Pages : 1404 pages
Book Rating : 4.:/5 (35 download)
Download or read book Hearings, Reports and Prints of the Joint Economic Committee written by United States. Congress. Joint Economic Committee and published by . This book was released on 1959 with total page 1404 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : James M. Boughton
Publisher :
ISBN 13 :
Total Pages : 94 pages
Book Rating : 4.3/5 ( download)
Download or read book Commodity Prices and Inflation written by James M. Boughton and published by . This book was released on 1989 with total page 94 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines the relationships between movements in primary commodity prices and changes in inflation in the large industrial countries. It begins by developing a two-country model in order to examine the theoretical effects of monetary, fiscal, and supply-side disturbances on commodity and manufactures prices and on exchange rates. It is shown that if monetary shocks dominate, then commodity prices should lead general price movements, and the level of commodity prices should be correlated with the general inflation rate. Non-monetary shocks generally weaken these relationships, but such disturbances may cancel out for broad indexes covering a wide range of commodities. Country-specific commodity price indexes are developed for the major industrial countries. The weights assigned to different commodities vary substantially across countries. Nonetheless, when the indexes are expressed in a common currency, they tend to be highly correlated over time, except when sharp movements occur in certain commodity prices. The major source of contrast across countries in the behavior of the indexes derives from exchange rate movements. Several empirical tests broadly support the conclusions of the theoretical model, with relatively few differences across countries. Three main tendencies may be cited. First, low inflation in industrial countries has tended to be associated with low levels of commodity prices, and conversely; commodity-price levels are cointegrated with consumer-price inflation rates. Second, there has been some tendency for movements in commodity prices to precede changes in general inflation rates by a few months, although it is not clear whether this tendency is strong enough to be a reliable aid in forecasting the rate of inflation. Third, there s a strong and fairly reliable tendency for turning points in general inflation rates. Commodity prices thus appear to contribute to predictions of turning points in inflation, predictions of inflation rates but more strongly to predictions of turning points in inflation.
Author : Mr.James M. Boughton
Publisher : International Monetary Fund
ISBN 13 : 1451972857
Total Pages : 40 pages
Book Rating : 4.4/5 (519 download)
Download or read book Commodity and Manufactures Prices in the Long Run written by Mr.James M. Boughton and published by International Monetary Fund. This book was released on 1991-05-01 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: The low level of primary commodity prices since 1985 is examined in the context of the behavior of those prices relative to prices of manufactured goods since 1854. The Prebisch-Singer hypothesis of a secular decline in relative commodity prices is sustained, but the recent decline is shown to be well outside the realm of historical experience. Commodity and manufactures prices are found to be cointegrated, conditional on the negative trend and a number of unexplained short-term swings. The earlier finding of a Gibson paradox is explained in terms of the difference between short- and long-run relationships.
Author :
Publisher :
ISBN 13 :
Total Pages : 164 pages
Book Rating : 4.:/5 (37 download)
Download or read book The Cal Poly Scholar written by and published by . This book was released on 1989 with total page 164 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : United States. Congress. Joint Economic Committee. Subcommittee on Monetary and Fiscal Policy
Publisher :
ISBN 13 :
Total Pages : 126 pages
Book Rating : 4.F/5 ( download)
Download or read book Alternatives to Current Federal Reserve Policy written by United States. Congress. Joint Economic Committee. Subcommittee on Monetary and Fiscal Policy and published by . This book was released on 1983 with total page 126 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Apostolos Serletis
Publisher : World Scientific
ISBN 13 : 9814477907
Total Pages : 352 pages
Book Rating : 4.8/5 (144 download)
Download or read book Money And The Economy written by Apostolos Serletis and published by World Scientific. This book was released on 2006-08-08 with total page 352 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a comprehensive and systematic introduction to the problem of the definition of money and investigates the gains that can be achieved by a rigorous use of microeconomic- and aggregation-theoretic foundations in the construction of monetary aggregates. It provides readers with key aspects of monetary economics and macroeconomics, including monetary aggregation, demand systems, flexible functional forms, long-run monetary neutrality, the welfare cost of inflation, and nonlinear chaotic dynamics.This book offers the following conclusions: the simple-sum approach to monetary aggregation and log-linear money demand functions, currently used by central banks, are inappropriate for monetary policy purposes; the choice of monetary aggregation procedure is crucial in evaluating the welfare cost of inflation; the inter-related problems of monetary aggregation and money demand will be successfully investigated in the context of flexible functional forms that satisfy theoretical regularity globally, pointing the way forward to useful and productive research.
Author : John Atkinson Hobson
Publisher :
ISBN 13 :
Total Pages : 214 pages
Book Rating : 4.:/5 (2 download)
Download or read book Gold, Prices & Wages written by John Atkinson Hobson and published by . This book was released on 1913 with total page 214 pages. Available in PDF, EPUB and Kindle. Book excerpt:
