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Phillips curve, is also assessed in the light of his own preference, which he shared with Keynes, for a pragmatic Marshallian …
Persistent link: https://www.econbiz.de/10010681093
Keynesianism first to monetarism and then to neoliberalism, and now ‘muddling through’. The deregulation of financial markets …
Persistent link: https://www.econbiz.de/10011108214
cash-balance approach, Walras’ „encaisse désirée“, Keynes’ liquidity preference to the monetarist restatement of the …
Persistent link: https://www.econbiz.de/10011112567
measures have also loomed over the global recession. This paper highlights the theoretical fallacies of monetarism and analyzes …
Persistent link: https://www.econbiz.de/10010862118
In 2008, governments in many countries embarked on large fiscal expenditure programmes, with the intention to support the economy and prevent a more serious recession. In this study, the overall impact of a substantial increase in fiscal expenditure is considered by providing a novel analysis of...
Persistent link: https://www.econbiz.de/10010958773
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Monetarism is that solid microfoundations are critical for understanding monetary issues. We survey recent papers on monetary …
Persistent link: https://www.econbiz.de/10008592993
Persistent link: https://www.econbiz.de/10004681165