Essays in Monetary Economics (Collected Works of Harry Johnson)Reprinting the second edition (which included a new introduction explaining developments which had emerged since first publication) this book discusses explorations in the fundamental theory of a monetary economy, a theoretical critique of the ‘Phillips Curve’ approach to the theory of inflation and the theory of the term structure of interest rates in terms of the theory of forward markets pioneered by David Meiselman. |
Contents
Alternative Guiding Principles for the use of Monetary Policy in Canada | |
Fiscal Policy and the Balance of Payments in a Growing Economy | |
Is Inflation the Inevitable Price of Rapid Development or a Retarding Factor | |
Other editions - View all
Essays in Monetary Economics (Collected Works of Harry Johnson) Harry G. Johnson Limited preview - 2013 |
Common terms and phrases
adjustment alternative analysis approach argued argument assets assumed assumption balance of payments balance-of-payments bank’s behaviour capital per head central bank concerned cost curve deficit demand for money depends determined discussion domestic Econ economic development economic growth economic policy economic stabilization economists effect empirical exchange rate expansion expected expenditure finance financial intermediaries fiscal policy fixed exchange rate Friedman function gold government debt import-substitution important increase inflationary influence inside money interest rates International Monetary Fund international monetary system investment involved issues Keynes labour less developed countries liquidity preference Milton Friedman monetary authority monetary policy monetary theory money supply objectives operations Patinkin period Phillips curve price level price stability problem production quantity of money quantity theory question rate of growth rate of inflation rate of interest rate of return real balances reserve currency rise savings ratio sector theoretical transactions demand United velocity wealth yield