A popular view is that the “light” regulation of the financial industry during the 1990s and early 2000s allowed the financial excesses and the rise in indebtedness that eventually caused the financial crisis. Those who hold this view want regulation to be tightened to prevent another crisis...

Does the euro need a state? Not necessarily. EMU could be built along the lines of a gold standard, where • the supply of central bank money by the ECB is inflexible (as a result of a link to gold or a fixed “k-percent-rule” of central bank money expansion); • sight deposits in a certain...

Financial repression committed by central banks has been put forward as a means to secretly reduce the real burden of high public debts. Financial repression has allegedly played an important role in the impressive reduction of the US debt ratio after World War II. A mix of conventional budget...

Kann der Euro auf Dauer nur überleben, wenn in einer Übergangsphase flexible Kurse zwischen den Euroländern eingeführt werden? Helmuth Jordan, Jordan & Wagner Rechtsanwaltsgesellschaft mbH, sieht in dieser Maßnahme eine Alternative zum Austritt Griechenlands aus den Euro. Die Rückkehr zu...

This two volume set reprints 28 papers on fiscal and monetary policy interpreted broadly enough to include such issues as the effects of government debt and intergenerational accounting. It emphasizes problems that are not specific to a particular country but are relevant for all developed...

This volume takes as its central core the question of how changes in the supply or demand for money and for other financial assets affect prices, output and interest rates. The topics covered include the microeconomics of money, the role of money in portfolios, money demand functions, the...

This engaging and intelligent book provides an accessible, down to earth assessment of the role of formalism and rigour in economics.

Doing Economic Research brings together a series of authoritative and illuminating essays by Thomas Mayer which bridge the gap between the abstract work of methodology and the practical research problems that concern the professional economist.

This coherent thematic selection of Professor Mayer's most significant recent essays, some of which are published here for the first time, reflects his most important work in macroeconomic policy. The essays focus on the structure and ideology of monetarism, macroeconomic theory and economic...