More recently, modern monetary theory (MMT) represents a more recent and unconventional approach to monetary economics. MMT challenges the mainstream view by arguing that a government that issues its own currency cannot run out of money in the same way households or businesses can. According to MM...
ECONOMICS AND MONETARY THEORY 来自 Citeseer 喜欢 0 阅读量: 12 作者: J Tobin 摘要: The historic terrain of macro-economic theory is the explanation of the levels and fluctuations of overall economic activity. Macro-economists have been especially interested in the effects of alternative fiscal, ...
Monetary Economics: Theory and Policy 2025 pdf epub mobi 电子书 著者简介 Bennett T. McCallum (born July 27, 1935) is an American monetary economist. He is H. J. Heinz Professor of Economics at Carnegie Mellon University's Tepper School of Business. McCallum earned a B.A. (in economics) ...
Stephen,Ching - 《Journal of Economic Theory》 被引量: 79发表: 1996年 Variety of Methodological Approach in Economics is the appearance of increasing variety, or plurality, in economics, in particular in economic theory, and what this implies for non-mainstream economics... SC Dow - Palgrave...
(1989). Monetary Economics: Theory and Policy. Third edition. McMillan Publishing Company.McCallum, B.T., (1989). Monetary Economics: Theory and Policy. New York: Macmillan.McCallum, Bennett T., Monetary Economics: Theory and Pol...
The Role of Credit in the Theory of Endogenous Money - A Post-Keynesian Analysis of Credit Institutions The theory of endogenous money is the cornerstone of Post-Keynesian economics, which dates back to the pioneering writings of authors such as J. Robinson, ... Marc Pilkington - 《Ssrn Elect...
Serletis (1992), Consumer Theory and the Demand for Money, Journal of Economic Literature 30, 2086–2119. Google Scholar Barro, R.J. and D.B. Gordon (1983), Rules, Discretion and Reputation in a Model of Monetary Policy, Journal of Monetary Economics 12, 101–122. Google Scholar ...
Modern Monetary Theory (MMT) 现代货币理论 A big reason behind the lack of negative reaction in the market over the past 2-3 months to the prospects of Democrats winning the House is the emergence of…
Whereas Classical orthodoxy relied on the quantity theory of money, in the Banking-Currency-Controversy the proponents of the Banking School (Tooke, Fullarton) rejected the determination of the level of prices by the quantity of money.10 On the one hand, it was argued that money also serves ...