Money and Value - A Reconsideration of Classical and Neoclassical Monetary Economics

Zusammenfassung This book addresses one of the major theoretical issues that underlies! implicitly or explicitly! some recurrent controversies in macroeconomics - namely! whether a competitive monetary economy has built-in mechanisms that are strong enough to remove excess demands and supplies on all markets! through an automatic adjustment of the price system. Inhaltsverzeichnis Preface; Introduction; 1. Expectations and the real balance effect; 2. Money and credit in the short run; 3. Classical stationary states with money and credit; 4. Open-market policies and liquidity; Conclusion; Appendices; References; Index.

Dettagli sul prodotto

• Autori: Jean-Michel Grandmont, Jean-Michel (Centre D''etudes Prospecti Grandmont
• Editore: Cambridge University Press ELT
• Lingue: Inglese
• Formato: Tascabile
• Pubblicazione: 13.09.1985
• EAN: 9780521313643
• ISBN: 978-0-521-31364-3
• Pagine: 212
• Serie: Econometric Society Monographs
• Categoria: Scienze sociali, diritto, economia > Economia > Economia politica