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Recently there has been a resurgence of interest in the study of optimal monetary policy under uncertainty. This book provides a thorough survey of the literature that has resulted from this renewed interest. The authors ground recent contributions on the 'science of monetary policy' in the...
Persistent link: https://www.econbiz.de/10012420009
Nobel Prize winner James Tobin has made outstanding contributions to modern macroeconomics. In this final collection of his work he examines the economic policies of the United States and its relations with other major economies after 1990. In James Tobin's view, the welfare of populations...
Persistent link: https://www.econbiz.de/10011851797
This ambitious book seeks both to revive and revise the idea of 'functional finance'. Followers of this doctrine believe that government budgets should concentrate solely on their macroeconomic impact on the economy, rather than reflecting a concern for sound finance and budgetary discipline....
Persistent link: https://www.econbiz.de/10011852035
uncertainty is implemented in economic experiments and to behavioural theory in general. It will prove a valuable companion for … academics of game theory, experimental economics and economic learning …
Persistent link: https://www.econbiz.de/10014474034
Hyman Minsky is renowned for his theoretical and empirical investigation of the capitalist economy. In this book, a distinguished group of contributors provides an authoritative account of his contribution to the analysis of capitalism and, more particularly, to the fields of monetary and post...
Persistent link: https://www.econbiz.de/10011850705
In the midst of the current world economic crisis, many claim there is a necessity to return to the Marxian and Keynesian traditions in order to better understand the dynamics of market economies. This book is an important step in that direction. It presents a critical examination of the...
Persistent link: https://www.econbiz.de/10011851524
analysis: post Keynesian economics, Kaleckian analysis, neo-Ricardian theory, the neo-Austrian school, the Rational … of unresolved yet well-defined issues in monetary theory and policy, market structure and accumulation, and problems of … effective demand and the theory of distribution. The main purpose of Macroeconomic Theory is to identify areas of common ground …
Persistent link: https://www.econbiz.de/10014473945
Emissions taxes, tradeable emission permits and voluntary compliance policies are becoming the instruments of choice in controlling environmental problems at the national and international level. Careful design of these policies in second-best environments is a very important factor for their...
Persistent link: https://www.econbiz.de/10014473851
Incentives to Improve Education identifies three categories of incentives: rewards, (financial rewards for teachers …
Persistent link: https://www.econbiz.de/10011851965
. Starting with Aristotle, the collection tracks the development of the modern theory of money through the ages by thinkers like … on Early Monetary Theory will be of interest to bankers, historians, and macroeconomists and can be used as a …
Persistent link: https://www.econbiz.de/10012416715