Money, History, and International Finance: Essays in Honor of Anna J. Schwartz
Michael D. Bordo
University of Chicago Press, Dec 1, 2007 - Business & Economics - 279 pages
This volume provides a critical evaluation of Anna J. Schwartz's work and probes various facets of the immense contribution of her scholarship—How well has it stood the test of time? What critiques have been leveled against it? How has monetary research developed over the years, and how has her influence been manifested? Bordo has collected five conference papers presented by leading monetary scholars, discussants' comments, and closing remarks by Milton Friedman and Karl Brunner. Each of these insightful surveys extends Schwartz's work and makes its own contribution to the fields of monetary history, theory, and policy. The volume also contains a foreword by Martin Feldstein and a selected bibliography of publications by Anna Schwartz.
What people are saying - Write a review
We haven't found any reviews in the usual places.
Other editions - View all
analysis Anna Schwartz argued bank failures banking panics Bordo Bretton Woods Brunner business cycle Cagan causality central bank classical gold classical gold standard classical period coefficients correlation countries Credit and Banking currency cyclical decline deflation demand for money Depression econometric Economic History endogeneity estimates etary evidence exogenous explain Federal Reserve fixed exchange rate floating exchange rates fluctuating rates Friedman and Schwartz gold standard growth rates high-powered money hypothesis increase interest rates interpretation Journal of Economic Journal of Money Kalman filter Laidler long-run Lothian Meltzer Milton Friedman monetary base monetary changes Monetary Economics monetary effects monetary growth Monetary History monetary policy Monetary Trends money demand money stock money supply MSKF nominal money paper price level prices and output quantity theory rational expectations real output relationship role Rostow shocks short-run short-term stability statistical Temin time-series regressions unanticipated money United Kingdom University variability
Page 24 - There seems to us, accordingly, to be an extraordinarily strong case for the propositions that (i) appreciable changes in the rate of growth of the stock of money are a necessary and sufficient condition for appreciable changes in the rate of growth of money income...
Page 15 - Financial Stability and the Federal Safety Net,' in Restructuring Banking and Financial Services in America.
Page 265 - Center for International Business Cycle Research Graduate School of Business Columbia University Uris Hall New York, NY 10027 Gerald P.