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the theory and policies that shaped our international financial system. Utilizing the 1944 Bretton Woods Conference as a … banking, and the evolution of our international financial system. The detailed international financial theory is presented in … a lively manner that reflects the close relationship between actual world events and the development of economic thought …
Persistent link: https://www.econbiz.de/10013138166
For the past two decades, economics has developed into a science in which just one methodology and one theory have …
Persistent link: https://www.econbiz.de/10013139375
Persistent link: https://www.econbiz.de/10015198925
Monetary-policy rules are attempts to cope with the implications of having a medium of exchange whose value exceeds its cost of production. Two classes of monetary rules can be identified: (1) price rules that target the value of money in terms of a real commodity, e.g., gold, or in terms of...
Persistent link: https://www.econbiz.de/10014121191
Persistent link: https://www.econbiz.de/10010419107
With central banks becoming monetary authorities, research departments have become a core element of a modern central bank. Crucial elements of a central bank research department are contributing to monetary policymaking and sustaining a dialogue with the academic community. The importance of...
Persistent link: https://www.econbiz.de/10013399773
Experimental economists increasingly apply econometric techniques to interpret their data, as suggests the emergence of "experimetrics" in the 2000s. Yet statistics remains a minor topic in historical and methodological writings on experimental economics (EE). This article aims to address this...
Persistent link: https://www.econbiz.de/10011810043
This essay examines the relationship between Austrian economics and economic history. It notes their different origins as scholarly fields, and divergent trajectories over the course of the twentieth century, before discussing recent examples of cross-fertilization and pointing to areas of...
Persistent link: https://www.econbiz.de/10015051905
Economic history has become an increasingly broad discipline, after a temporary narrowing following the cliometric revolution of the mid-twentieth century. Increasingly sophisticated econometric techniques are used to capture the institutional detail involved in the dynamics of historical...
Persistent link: https://www.econbiz.de/10015051907
This article examines the role of ideas, tradition, and economic history in the context of F. A. Hayek's theory of …
Persistent link: https://www.econbiz.de/10015051911