Money, Credit and Policy

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Product Details

  • ISBN-13: 9781858982083
  • Publisher: Elgar, Edward Publishing, Inc.
  • Publication date: 1/1/1995
  • Series: Economists of the Twentieth Century Series
  • Edition description: New Edition
  • Pages: 411
  • Product dimensions: 6.40 (w) x 9.30 (h) x 0.90 (d)

Table of Contents

Acknowledgements
Introduction
1 The Demand for Money: The Evidence from the Time Series 3
2 Predicting Velocity: Implications for Theory and Policy 31
3 Economies of Scale in Cash Balances Reconsidered 67
4 Monetary Theory and Monetary History 85
5 What Did We Learn from the Monetary Experience of the United States in the Great Depression? 104
6 Monetary and Other Explanations of the Start of the Great Depression 119
7 Stagflation, Persistent Unemployment and the Permanence of Economic Shocks 136
8 Stability under the Gold Standard in Practice 162
9 Mercantile Credit, Monetary Policy, and Size of Firms 205
10 Money and Credit in the Monetary Transmission Process 214
11 Credit Availability and Economic Decisions: Some Evidence from the Mortgage and Housing Markets 220
12 Financial Failures and Financial Policies 237
13 On Efficiency and Regulation of the Securities Industry 255
14 Rational Expectations, Risk, Uncertainty, and Market Responses 279
15 Monetary Reform in an Uncertain Environment 299
16 Monetarism and the Crisis in Economics 321
17 Limits of Short-Run Stabilization Policy 332
18 Real Exchange Rates: Some Evidence from the Postwar Years 346
19 Selected Statements of the Shadow Open Market Committee 361
Name index 409
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