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Persistent link: https://www.econbiz.de/10004998739
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
Persistent link: https://www.econbiz.de/10005590873
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
Keynesianism first to monetarism and then to neoliberalism, and now ‘muddling through’. The deregulation of financial markets …
Persistent link: https://www.econbiz.de/10011108214
stability has been the rationale for the money supply rule derived from the Quantity Theory of Money. Consequently, to curb …
Persistent link: https://www.econbiz.de/10005789682
"In the USA, the UK, the Netherlands and Denmark the employment situation has improved decisively, especially in recent years. In addition there are indications of this positive development being sustained in these four countries. Even if the methods adopted by the 'successful countries' in...
Persistent link: https://www.econbiz.de/10005533601
"In the USA, the UK, the Netherlands and Denmark the employment situation has improved decisively, especially in recent years. In addition there are indications of this positive development being sustained in these four countries. Even if the methods adopted by the 'successful countries' in...
Persistent link: https://www.econbiz.de/10010733520
"This paper accomplishes two objectives. First, it provides simulation results from a computable general equilibrium (CGE) model that have helped focus the debate about the potential effects of agricultural trade liberalization on developing countries. The aggregate numbers show modest net...
Persistent link: https://www.econbiz.de/10004996590