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100 YEARS SINCE THE BIRTH OF MILTON FRIEDMAN
Loužek, Marek - In: Ekonomika a managment 2012 (2012) 2, pp. 49-64
The paper is concerned with the economic theory of Milton Friedman. First part outlines the life of Milton Friedman …. Second part examines his economic theory – “Essays in Positive Economics” (1953), “Studies in the Quantity Theory of Money …“ (1956), „A Theory of the Consumption Function“ (1957), „A Program for Monetary Stability“ (1959), „A Monetary History of the …
Persistent link: https://www.econbiz.de/10011195045
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Monetarismus mit Liquiditätsprämie. Von Friedmans optimaler Inflationsrate zur optimalen Liquidität
Olah, Norbert; Huth, Thomas; Loehr, Dirk - 2012
Die monetaristische Geldtheorie gesteht zwar dem Geld als „Luxusgut” einen eigenen Nutzen zu, gelangt aber erst durch eine kritische Synthese mit der keynesianischen Liquiditätstheorie des Zinses zu sinnvollen Ergebnissen. Sowohl Milton Friedmans Idee, das Wohlfahrtsoptimum durch eine...
Persistent link: https://www.econbiz.de/10010543537
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Horizontalists, verticalists, and structuralists: the theory of endogenous money reassessed
Palley, Thomas I. - In: Review of Keynesian Economics 1 (2013) 4, pp. 406-406
reassess the theory of endogenous money. The paper distinguishes between horizontalists, verticalists, and structuralists. It … insights from monetary theory. The structuralist approach to endogenous money retains the basic insight that the money supply … finance in a Keynesian theory of output determination. As regards monetary policy, the challenge is how to conduct policy in a …
Persistent link: https://www.econbiz.de/10010854923
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Milton Friedmans economics and political economy: an old Keynesian critique
Palley, Thomas I. - Institut für Makroökonomie und Konjunkturforschung … - 2014
Milton Friedman's influence on the economics profession has been enormous. In part, his success was due to political forces that have made neoliberalism the dominant global ideology, but Friedman also rode those forces and contributed to them. Friedman's professional triumph is testament to the...
Persistent link: https://www.econbiz.de/10010858914
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On the (Ir)Relevance of Monetary Aggregate Targeting in Pakistan: An Eclectic View
Haider, Adnan; Jan, Asad; Hyder, Kalim - In: Lahore Journal of Economics 18 (2013) 2, pp. 65-119
This study attempts to identify a stable money demand function for Pakistan’s economy, where the monetary aggregate is considered the nominal anchor. With evolving financial innovations and regulations, the stability of money demand has been the focus of numerous debates. Where earlier studies...
Persistent link: https://www.econbiz.de/10010861905
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"Economic Policy in India: For Economic Stimulus, or for Austerity and Volatility?"
Sen, Sunanda; DasGupta, Zico - Levy Economics Institute - 2014
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
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Milton Friedmans economics and political economy: an old Keynesian critique
Palley, Thomas I. - Institut für Makroökonomie und Konjunkturforschung … - 2014
Milton Friedman's influence on the economics profession has been enormous. In part, his success was due to political forces that have made neoliberalism the dominant global ideology, but Friedman also rode those forces and contributed to them. Friedman's professional triumph is testament to the...
Persistent link: https://www.econbiz.de/10010889937
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The unintended consequences of the debt: Will increased government expenditure hurt the economy?
Werner, Richard A. - Center for Financial Studies - 2011
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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Regulation of Structural Changes in the Economy of Ukraine
Gedz, Mykhailo - In: The Russian Academic Journal 29 (2014) 3
The purpose of the study is to develop suggestions to improve the government structural policies in the economic sphere.World experience shows that during the restructuring the role of government in regulating the economy is growing. Its high effectivenessin practice has been proven by the...
Persistent link: https://www.econbiz.de/10011250879
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Friedman and Divisia Monetary Measures
william, barnett - Volkswirtschaftliche Fakultät, … - 2013
official simple-sum monetary aggregates with monetary aggregates consistent with economic index number theory, such as Divisia … theory, and monetarist economomics. Research and data on Divisia monetary aggregates are available for over 40 countries …
Persistent link: https://www.econbiz.de/10011260064