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It is then argued that, whereas Monetarism brought about a revival of the quantity theory of money from the limbo into … despite the fact that, initially, RE-NC economics appeared to be a mainly technical extension and refinement of Monetarism …
Persistent link: https://www.econbiz.de/10009765542
analysing his institutional approach to the phenomenon of inflation and its link with monetary policy and monetary regimes. Some …
Persistent link: https://www.econbiz.de/10014230861
Lucas (1972) was a paper that permanently changed the course of macroeconomics, even though its "money supply surprise … unfortunate side effect of this has been that, because mainstream models have no analytic room for money to play a key role in …
Persistent link: https://www.econbiz.de/10012705131
trade-off between inflation and unemployment and were thereby led to advocate a policy of inflation.  It is argued here that …In his Nobel lecture, Friedman built on his earlier argument for a 'natural rate of unemployment' by painting a picture … question; and very few advocated inflation on bases vulnerable to Friedman's theoretical critique.  The Phillips curve was put …
Persistent link: https://www.econbiz.de/10005051154
and mid-1970s, an experience which led him to write an article on the complicated dynamics between inflation and economic … Georgescu-Roegen's contribution against the background of the lively debates on inflation taking place in Brazil at the time … controversies regarding the perverse distributive effects of inflation. Finally, we will explore some of the reasons why Georgescu …
Persistent link: https://www.econbiz.de/10012868260
Irving Fisher long advocated inflation indexed bonds. I prove in the context of a multicommodity CAPM world that the … best welfare improving bond pays the minimum money needed to achieve the same utility, and not the minimum needed to buy an …
Persistent link: https://www.econbiz.de/10014076190
Persistent link: https://www.econbiz.de/10010482980
to support the standard objection to such policies: that they will lead to uncontrollable inflation. Theoretical models … of inflationary monetary financing rest upon inaccurate conceptions of the modern endogenous money creation process. This … support for a relationship between monetary financing and inflation. The findings lend support to recent calls for explicit …
Persistent link: https://www.econbiz.de/10011545308
to support the standard objection to such policies: that they will lead to uncontrollable inflation. Theoretical models … of inflationary monetary financing rest upon inaccurate conceptions of the modern endogenous money creation process. This … support for a relationship between monetary financing and inflation. The findings lend support to recent calls for explicit …
Persistent link: https://www.econbiz.de/10011389179
to support the standard objection to such policies: that they will lead to uncontrollable inflation. Theoretical models … of inflationary monetary financing rest upon inaccurate conceptions of the modern endogenous money creation process. This … support for a relationship between monetary financing and inflation. The findings lend support to recent calls for explicit …
Persistent link: https://www.econbiz.de/10013013224