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Outside money : the advantages of owning the magic porridge pot
Wray, L. Randall - 2014
Over the past two decades there has been a revival of Georg Friedrich Knapp's "state money" approach, also known as chartalism. The modern version has come to be called Modern Money Theory. Much of the recent research has delved into three main areas: mining previous work, applying the theory to...
Persistent link: https://www.econbiz.de/10010441082
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The Great Depression(s) of 1929-1933 and 2007-2009? Parallels, Differences and Policy Lessons
Eigner, Peter - 2015
This paper provides a comparative analysis of the Great Depression (1929-1933) and the Great Financial Crisis (2007-2009) by contrasting the crises' main driving forces and how they relate to each other with respect to the United States. To this end, causes, consequences and measures undertaken...
Persistent link: https://www.econbiz.de/10013021968
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The Case for Central Bank Independence : A Review of Key Issues in the International Debate
Vonessen, Benjamin; Arnold, Katrin; Mas, Rodolfo Dall’Orto - 2021
This Occasional Paper analyses how significant expansions in central banks’ mandates, roles and instruments can result in challenges to the independence of monetary policy. The paper reviews, in particular, some of the key challenges to central bank independence brought about by the global...
Persistent link: https://www.econbiz.de/10013315253
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The case for central bank independence : a review of key issues in the international debate
Dall’Orto Mas, Rodolfo; Vonessen, Benjamin; Fehlker, … - 2020
This Occasional Paper analyses how significant expansions in central banks' mandates, roles and instruments can result in challenges to the independence of monetary policy. The paper reviews, in particular, some of the key challenges to central bank independence brought about by the global...
Persistent link: https://www.econbiz.de/10012298570
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Why and how to teach the history of economic thought : economics as historically produced knowledge
Cohen, Avi Jonathan; Emmett, Ross B. - 2011
This draft chapter for the Elgar International Handbook on Teaching and Learning Economics is intended to give advice to instructors who might be teaching a history of economic thought course to undergraduates for the first time or who have perhaps been teaching for a while but would like to...
Persistent link: https://www.econbiz.de/10011603570
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Updated Liberalism vs. Neo-Liberalism : Policy Paradigms and the Structural Evolution of Western Industrial Economies after W.W. Ii
Vercelli, Alessandro - 2008
with the updated liberalism of Keynes and Pigou (and their followers) but also with the classical liberalism of Adam Smith …
Persistent link: https://www.econbiz.de/10014074580
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Why Was Keynes Not Awarded the Nobel Peace Prize After Writing ‘The Economic Consequences of the Peace’?
Jonung, Lars - 2021
John Maynard Keynes became world famous with the publication of The Economic Consequences of the Peace in 1919, a harsh … critique of the Versailles peace treaty. As a consequence, Keynes was nominated by German professors in economics for the Nobel … Peace Prize three years in a row, 1922, 1923 and 1924. Because Keynes was put on the shortlist of candidates, he was …
Persistent link: https://www.econbiz.de/10013230929
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Orthodox Versus Heterodox (Minskyan) Perspectives of Financial Crises : Explosion in the 1990s Versus Implosion in the 2000s
2011
extends John Maynard Keynes's vision, since it is related to a modern financial world. The result of this theoretical exercise …
Persistent link: https://www.econbiz.de/10013118672
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Reviewing feminist macroeconomics for the XXI century
Zuazu-Bermejo, Izaskun - 2024
Feminist macroeconomics draws on the notion that the gender system is both cause and consequence of macroeconomic structures, outcomes, and policies. In contrast, mainstream and heterodox macroeconomics have done little to integrate gender as an analytical tool in macromodelling. This paper...
Persistent link: https://www.econbiz.de/10014467619
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Reasons for the demise of interest : savings glut and secular stagnation or central bank policy?
Mayer, Thomas; Schnabl, Gunther - 2019
In this paper we compare the Keynesian, neoclassical and Austrian explanations for low interest rates and sluggish growth. From a Keynesian and neoclassical perspective low interest rates are attributed to ageing societies, which save more for the future (global savings glut). Low growth is...
Persistent link: https://www.econbiz.de/10012124862