It is then argued that, whereas Monetarism brought about a revival of the quantity theory of money from the limbo into … despite the fact that, initially, RE-NC economics appeared to be a mainly technical extension and refinement of Monetarism …

In his 2016 paper, Wakabayashi argues:(a) that old Keynesian economics, monetarism, and new Keynesian economics are all … equally portfolio adjustment theories, or “stock” approaches to the quantity theory of money; (b) that post-war mainstream …

This paper provides an overview of the role of money in modern macro models. In particular, we are focussing on New … Keynesian and New Monetarist models to investigate their main findings and most significant shortcomings in considering money … recent New Keynesian literature, we argue that keeping an eye on money is important to monetary policy decision-makers in …

The target problem considers the central bank's use of optimal tools and targets for purposes of stabilization and … information to the model of [Berentsen and Waller, 2011], a divide between an interest rate policy and a money stock policy …

Lucas (1972) was a paper that permanently changed the course of macroeconomics, even though its "money supply surprise … unfortunate side effect of this has been that, because mainstream models have no analytic room for money to play a key role in …

targeting with inflation targeting while preserving monetarist results. In this monetarism without money, fiscal policy was not … monetary dominance was the monetarist reinterpretation of the Great Depression. In the 1990s orthodoxy replaced money supply …

This paper is the starting point of a series of analyses aiming at re-discovering the role of money for monetary policy … purposes. It provides an overview of the role of money in modern macro models. In particular, we are focussing on New Keynesian … and New Monetarist models to investigate their main findings and most significant shortcomings in considering money …

generate changes in the money supply with the aim of stabilizing output at full employment. He believed that the economy is … inherently unstable because of endogenous movements in money supply under a fractional-reserve banking system. In her work, Anna … Schwartz downplayed the role of monetary factors of business cycles and the role of monetary policy as a stabilization tool. We …

measures such as quantitative easing, open-market operations, helicopter money and negative interest rates are in all of these … liquidity trap, while helicopter money can be used to increase investment. The model also shows that a floor system allows a …