Money and the Economy: Issues in Monetary Analysis

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Cambridge University Press, Jul 24, 1997 - Business & Economics - 391 pages
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This volume, by two eminent monetarist economists, offers a unique perspective on a key issue of monetary economics: the effect of money on output. Karl Brunner and Allan Meltzer address the theoretical aspects of this issue with the purpose of understanding their policy implications. They offer an historical overview of the relationship between money and output, and then go on to present a model of a monetary economy before examining the real sector. The theme of the final lecture is uncertainty and the costs of acquiring information.
  

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Contents

Discussion pp 1112 3 The Keynesian Era pp 1316
13
i The First
45
pp 5559 ii The New Classical Macroeconomics pp 5962
59
i The Role of Money
77
i Problems with ISLM pp 7782 ii Beyond ISLM
100
pp 113116 ii Debt Finance pp 116121 iii Debt Finance
141
pp 15S 5 Normal Output pp 158165
158
Fourth Lecture
167
Mario Arcelli
259
Rainer S Masera
273
Mario Monti
299
Riccardo Rovelli
311
Karl Brunner
327
Books and Monographs p 338 Articles pp 338349
338
Allan H Meltzer
351
Books and Monographs pp 362363 Articles pp 363379
363

ii Rational Expectations pp 173182 iii Monetarism
235

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