Adam Smith's ideas about the invisible hand, was a major contribution to an ongoing tradition in monetary theory in whose …

career as an academic, focusing on growth theory and Belgian and European growth patterns in the post-war period. His work is … eclectic approach towards economics, blending economic theory and empirical data beautifully to elucidate crucial policy …

We introduce an approach for the empirical study of the quantity theory of money (QTM) that is novel both with respect … the QTM holds for low inflation as well as for high inflation. We discuss how our findings relate to monetarism generally …

development of today's mainstream, stochastic, but essentially Walrasian, macroeconomic theory, rooted in his explicit deployment … of econometric theory in the analysis of forward-looking maximising behaviour in 1957, and in his later work on the …

Keynes, the Keynesians and Monetarism is a major contribution to the continuing debate on macroeconomic policy … since his 1992 collection, Reflections on Monetarism. It challenges several "conventional wisdoms" about UK macroeconomic …-making acknowledges the primacy of monetary policy and would be better termed "output gap monetarism". In short, Keynes, the Keynesians …

1990s. His research work was based on the roots of monetary theory in the work of J. M. Keynes, with a particular focus on … the theory of capital and interest rates. While in Keynes liquidity preference remained an element of money demand, for … Riese it formed the central variable of a theory of credit supply. The credit contract is not based on goods or goods …