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Rational expectations : retrospect and prospect
Lovell, Michael C. (panelist); Lucas, Robert E. (panelist);  … - 2011
The transcript of a panel discussion marking the fiftieth anniversary of John Muth's "Rational Expectations and the Theory of Price Movements" (Econometrica 1961). The panel consists of Michael Lovell, Robert Lucas, Dale Mortensen, Robert Shiller, and Neil Wallace. The discussion is moderated by...
Persistent link: https://www.econbiz.de/10011603748
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Milton Friedman's contributions to macroeconomics and teir Influence
Laidler, David - 2012
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/10010291906
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How Keynes came to Britain
Skidelsky, Robert Jacob Alexander - In: Review of Keynesian economics 4 (2016) 1, pp. 4-19
Persistent link: https://www.econbiz.de/10011450745
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Liquidity preference theory revisited : to ditch or to build on it?
Bibow, Jörg (contributor) - 2005
This paper revisits Keynes's liquidity preference theory as it evolved from the Treatise on Money to The General Theory … policy. Contrary to the neoclassical "special case" interpretation, Keynes considered his liquidity preference theory of … Keynes's analysis offers insights into practical issues, such as policy credibility and expectations management, that reach …
Persistent link: https://www.econbiz.de/10003229836
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The Constitutional Approach to Money : Monetary Design and the Production of the Modern World
Desan, Christine A. - 2016
In the modern lexicon, money is pure instrumentality, a colorless medium that transparently expresses real value. Contrary to that trope, however, we can get “inside” money: we can reconnoiter it as a structure entailing value that is engineered by certain societies. Taking a...
Persistent link: https://www.econbiz.de/10013000178
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Hayek, Deflation, Gold, and Nihilism
Glasner, David - 2020
Abstract: In Hayek's early writings on business cycle theory and the Great Depression he argued that business cycle downturns including the steep downturn of 1929-31 were caused by unsustainable elongations of capital structure of the economy resulting from bank-financed investment in excess of...
Persistent link: https://www.econbiz.de/10012840249
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Money Doctoring after World War Ii : Arthur I. Bloomfield and the Federal Reserve Missions to South Korea
Alacevich, Michele - 2007
In this paper we analyse the scientific contributions of the New York Fed economist Arthur I. Bloomfield. A Canadian born economist, in 1941 Bloomfield took his PhD in economics at the University of Chicago, under the supervision of Jacob Viner and then joined the staff of the Federal Reserve...
Persistent link: https://www.econbiz.de/10012731185
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The Evolution of Hayek's Thought on Gold and Monetary Standards
Caton, James - 2019
Hayek's evolving thought on gold and the gold standard is complex and, at times, confusing. Hayek initially supported the gold standard and paid special attention to those nations whose central banking policies he viewed as relatively loose. Early on he viewed attempts at stabilization of...
Persistent link: https://www.econbiz.de/10012900623
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Two Harvard Economists on Monetary Economics : Lauchlin Currie and Hyman Minsky on Financial Systems and Crises
Velásquez Garzón, Iván Darío - 2018
In November 1987, Hyman Minsky visited Bogotá, Colombia, after being invited by a group of professors who at that time were interested in post-Keynesian economics. There, Minsky delivered some lectures, and Lauchlin Currie attended two of those lectures at the National University of Colombia....
Persistent link: https://www.econbiz.de/10012909092
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Hayek's Monetary Theory and Policy : A Note on Alleged Inconsistency
Komrska, Martin - 2017
Challenging the dominant view, we claim that Hayek's monetary views did not significantly change over his lifetime. The prevalent perception of early Hayek as a money stream stabilizer and late Hayek as a price level stabilizer is attributable to an unjustified normative interpretation of...
Persistent link: https://www.econbiz.de/10012974984