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  • 1
    Language: English
    Pages: Online-Ressource (30 p)
    Edition: 2010 World Bank eLibrary
    Parallel Title: Rossi, Sergio An Institutional Approach To Balancing International Monetary Relations
    Abstract: Management of international monetary relations between China and the United States will be one of the crucial parameters for the stability or instability of the global financial system in the next decade. Although most of the literature suggests rebalancing through either adjustment of relative prices or adjustment of behavior in both countries, this paper explores an institutional approach to rebalancing. Applying the lessons from Keynes' 1944 plan for a United States-United Kingdom international clearing union, the paper explores the creation of a bilateral United States-China settlement facility as an institutional contribution to the structural rebalancing of global imbalances
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 2
    Online Resource
    Online Resource
    Cheltenham, UK : Edward Elgar Publishing
    ISBN: 9781784717216
    Language: English
    Pages: 1 Online-Ressource (xxi, 441 Seiten)
    Series Statement: Elgaronline
    Series Statement: Edward Elgar books
    Series Statement: New directions in post-keynesian economics series
    Series Statement: Edward Elgar E-Book Archive
    Series Statement: New directions in post-Keynesian economics
    Parallel Title: Erscheint auch als A modern guide to rethinking economics
    DDC: 330
    RVK:
    RVK:
    Keywords: Makroökonomik ; Heterodoxe Ökonomik ; Neoklassische Synthese ; Neoklassische Theorie ; Postkeynesianismus ; Ökonomische Ideengeschichte ; Wirtschaftspolitik ; Economics ; Electronic books ; Aufsatzsammlung ; Wirtschaftskrise ; Wirtschaftspolitik ; Wirtschaftstheorie ; Makroökonomie ; Heterodoxe Ökonomie ; Neoklassische Theorie ; Neokeynesianismus
    Abstract: pt. I. Conceptual and methodological issues -- pt. II. Economic policy issues -- pt. III. Global issues.
    Abstract: Since the beginning of the twenty-first century, there has been an unprecedented move towards 'rethinking economics' due to the damages generated by the global financial crisis that burst in 2007-2008. Almost a decade after this crisis, policy is still unable to provide all citizens greater wellbeing or at least an encouraging economic future. This book addresses the urgent need to rethink economics by providing readers at all levels with thoughtful chapters on a range of relevant economic topics. Editors Louis-Philippe Rochon and Sergio Rossi provide a first-class compilation of contemporary economic problems as well as a criticism of mainstream economics and economic policy, thereby offering a thorough investigation of these issues and policy solutions along alternative lines of thought. The book includes chapters on rethinking fiscal and monetary policies, international trade, the role of the State, money, banks, economic growth, the environment, development policies, energy, healthcare, and more. Special attention is paid to the importance of institutions and power relationships within the economic system. Written by top experts in their respective fields, this book will be useful to students and faculty who want to not only rethink economics, but also to offer an alternative and coherent economic analysis to the orthodoxy. Economists and policy-makers will also find this book to be of much interest
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  • 3
    Online Resource
    Online Resource
    Cheltenham, U.K : Edward Elgar Publishing
    ISBN: 9781782547440
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Edward Elgar E-Book Archive
    Parallel Title: Erscheint auch als The encyclopedia of central banking
    RVK:
    Keywords: Geldpolitik ; Banks and banking, Central Encyclopedias ; Electronic books ; Geldpolitik
    Abstract: The Encyclopedia of Central Banking provides definitive and comprehensive encylopedic coverage on central banking and monetary theory and policy. Containing close to 250 entries from specially commissioned experts in their fields, elements of past and current monetary policies are described and a critical assessment of central bank practices is presented. Since the global financial crisis of 2008-09, all major central banks have intervened to avert the collapse of the global economy, bringing monetary policy to the forefront. Rochon and Rossi give an up to date, critical understanding of central banking, at both theoretical and policy-oriented levels. This Encyclopedia explains the complexity of monetary-policy interventions, their conceptual and institutional frameworks, and their own limits and drawbacks. The reader is provided with the body of knowledge necessary to understand central banks' decisions in the aftermath of the global financial crisis and controversial explanations of the crisis are illuminated from a historical perspective. Academics and students of economics will find this an indispensible reference tool, offering current and necessary insight into central banking and monetary policy. Practitioners in the financial sector will also benefit from this refreshed insight into such a fundamental topic
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  • 4
    ISBN: 9781782540434
    Language: English
    Pages: 1 Online-Ressource (xiii, 302 pages) , diagrams
    Series Statement: New directions in modern economics
    Series Statement: Edward Elgar E-Book Archive
    Parallel Title: Erscheint auch als Modern monetary macroeconomics
    DDC: 339.5
    RVK:
    Keywords: Finanzkrise ; Wirtschaftskrise ; Geldtheorie ; Wirtschaftstheorie ; Finanzwissenschaft ; Wirtschaftspolitik ; Macroeconomics ; Economic policy ; Electronic books ; Macroeconomics ; Economic policy ; Makroökonomie ; Wirtschaftspolitik
    Abstract: pt. I. A new analytical approach -- pt. II. Domestic issues and economic policies -- pt. III. International issues and economic policies.
    Abstract: This timely book uses cutting-edge research to analyse the fundamental causes of economic and financial crises, and illustrates the macroeconomic foundations required for future economic policymaking in order to avoid these crises
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  • 5
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    Online Resource
    Cheltenham, UK : Edward Elgar Publishing
    ISBN: 9781035304684
    Language: English
    Pages: 1 Online-Ressource (li, 238 pages) , illustrations
    Parallel Title: Erscheint auch als
    Parallel Title: Elektronische Reproduktion von Rossi, Sergio Money and inflation
    DDC: 339.4
    RVK:
    RVK:
    Keywords: Geldtheorie ; Inflationstheorie ; Quantitätstheorie ; Theorie ; Inflation (Finance) ; Quantity theory of money ; Money ; Inflation ; Geldtheorie
    Abstract: It is a popular notion that money and output are separate and autonomous entities. Money and Inflation argues that this idea can neither explain the purchasing power of money nor its variations over time, and a new theory is therefore presented in its place. The book aims to provide the foundations for a new analysis of inflation from a macroeconomic perspective. The role of money is investigated in terms of value, prices, profit, and capital accumulation. The author argues that in order to gain a thorough comprehension of inflation it is necessary to focus on the formation of national income, not on its distribution. Sergio Rossi's new approach proposes a structural reform of modern banking systems, and outlines an original macro-theoretical investigation of measurement problems in price index theory. Despite its elective affinity with the works of Ricardo, Walras and Keynes, the new analysis overturns traditional concepts of money. The discussion elicits a deeper understanding of the conditions underlying today's inflationary pressures and prescribes new solutions to permanently eradicate them. This unique and path-breaking study will be of enormous interest to academics, researchers, and students involved in monetary economics, as well as monetary policy makers, and central bank and international banking officials
    Description / Table of Contents: Contents: Foreword by mauro baranzini and alvaro cencini -- Preface -- Introduction -- Part I: Methodological issues in the measurement of inflation -- 1. The methodological debate in traditional inflation analysis -- 2. From technical biases to analytical issues -- Part II: Towards a macroeconomic analysis of inflation -- 3. The neoclassical analysis of inflation: A critical appraisal -- 4. The argument refined: Exogenous and endogenous money -- Part III: A modern paradigm for inflation analysis -- 5. Wage setting, credit policy and inflation -- 6. Inflation and fixed capital accumulation -- Conclusion -- Bibliography -- Index.
    Note: Includes bibliographical references (pages 196-227) and indexes
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  • 6
    ISBN: 9781784717209
    Language: English
    Pages: xxi, 441 Seiten , Diagramme
    Series Statement: New directions in post-Keynesian economics
    Parallel Title: Erscheint auch als A modern guide to rethinking economics
    DDC: 330
    RVK:
    RVK:
    Keywords: Makroökonomik ; Heterodoxe Ökonomik ; Neoklassische Synthese ; Neoklassische Theorie ; Postkeynesianismus ; Ökonomische Ideengeschichte ; Wirtschaftspolitik ; Economics ; Aufsatzsammlung ; Wirtschaftskrise ; Wirtschaftspolitik ; Wirtschaftstheorie ; Makroökonomie ; Heterodoxe Ökonomie ; Neoklassische Theorie ; Neokeynesianismus
    Note: Enthält 21 Beiträge , Literaturangaben
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  • 7
    Article
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    In:  A modern guide to rethinking economics (2017), Seite 302-318 | year:2017 | pages:302-318
    ISBN: 9781784717209
    Language: Undetermined
    Titel der Quelle: A modern guide to rethinking economics
    Publ. der Quelle: Cheltenham, UK : Edward Elgar Publishing, 2017
    Angaben zur Quelle: (2017), Seite 302-318
    Angaben zur Quelle: year:2017
    Angaben zur Quelle: pages:302-318
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  • 8
    ISBN: 9781783472246
    Language: English
    Pages: 1 Online-Ressource (xii, 432 Seiten)
    Series Statement: Elgaronline
    Series Statement: Edward Elgar books
    Series Statement: Edward Elgar E-Book Archive
    Parallel Title: Available in another form
    Keywords: Endogenous growth (Economics) ; Electronic books ; Geldpolitik ; Geldtheorie ; Neokeynesianismus
    Abstract: Contents: Introduction: The need to discuss endogenous money again / Louis-Philippe Rochon and Sergio Rossi -- Part I Endogenous money in the real world -- 1. Money endogeneity before central banking: perspectives from monetary history / Jane Knodell -- 2. Modern central bank operations: the general principles / Scott T. Fullwiler -- 3. The theory of endogenous money and the LM schedule: prelude to a reconstruction of IS-LM / Thomas I. Palley -- 4. Money and interest rate determination in a system with no reserve requirements / Sergio Rossi -- 5. New insights on the money-supply-endogeneity debate and the new 'equity' multiplier: some evidence from the euro area / Yannis Panagopoulos and Aristotelis Spiliotis -- 6. Liquidity, finance, and economic growth: some unresolved issues for developing economies / Noemi Levy-Orlik -- Part II Endogenous money in the economic thought -- 7. Money endogeneity and the quantity theory: the case of commodity-money / Allin Cottrell -- 8. Nicholas Kaldor and the war on monetarism / John E. King -- 9. The principle of effective demand and the state of post-Keynesian monetary economics / Colin Rogers -- 10. Endogenous money and the tyranny of demand and supply / Malcolm Sawyer -- 11. An evolutionary-institutionalist re-appraisal of the endogenous-money-supply theory / Christopher J. Niggle -- 12. Interest rate determination and endogenous money / John Smithin -- Part III Endogenous money in post-Keynesian analysis -- 13. The analytical role of endogenous money and the horizontalist-structuralist debate / Peter Docherty -- 14. The horizontalist debate: lessons from New Zealand / Paul Dalziel -- 15. The rate of interest as a macroeconomic distribution parameter: horizontalism and post-Keynesian models of distribution and growth / Eckhard Hein -- 16. Assessing some structuralist claims through a coherent stock-flow framework / Marc Lavoie -- 17. Horizontalism and structuralism: a suggested re-interpretation / Louis-Philippe Rochon and Sergio Rossi -- 18. An essay on horizontalism, structuralism and historical time / Mark Setterfield -- 19. A revisitation of the debate between the horizontalist and structuralist analyses of endogenous money: single-period analysis versus continuation analysis / Giuseppe Fontana -- Index.
    Abstract: The endogenous nature of money is a fact that has been recognized rather late in monetary economics. Today, it is explained most comprehensively by post-Keynesian economic analysis. This book revisits the nature of money and its endogeneity, featuring a number of the protagonists who took part in the original debates in the 1980s and 1990s, as well as new voices and analyses. Expert contributors revisit long-standing discussions from the position of both horizontalism and structuralism, and prescribe new areas of research and debate for post-Keynesian scholars to explore. Louis-Philippe Rochon and Sergio Rossi eloquently situate the nature of money and its endogeneity in an historical context, before bringing together an engaging array of chapters written by contemporary leading scholars. These chapters put forth detailed analyses of money creation; central bank operations and the role of monetary authorities; a link between interest rates and income distribution; a stock-flow analysis of monetary economies of production; and finally, a reinterpretation of horizontalism and structuralism. Post-Keynesian and heterodox economists, institutionalist economists, scholars of money and finance, and graduate students studying economics will all find this an enlightening read
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  • 9
    Online Resource
    Online Resource
    Cheltenham, UK : Edward Elgar Publishing
    ISBN: 9781785363573
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Edward Elgar books
    Series Statement: Elgaronline
    Series Statement: Edward Elgar E-Book Archive
    Series Statement: The international library of critical writings in economics 322
    Parallel Title: Erscheint auch als Post-Keynesian economics
    Keywords: Postkeynesianismus ; Wirtschaftstheorie ; Keynesian economics ; Electronic books
    Abstract: Recommended readings (Machine generated): Sheila C. Dow (1988), 'Post Keynesian Economics: Conceptual Underpinnings', British Review of Economic Issues, 10 (3), Autumn, 1-18 -- O. F. Hamouda and G. C. Harcourt (1988), 'Post Keynesianism: From Criticism to Coherence?', Bulletin of Economic Research, 40 (1), January, 1-33 -- Sheila C. Dow (1990), 'Post-Keynesianism as Political Economy: A Methodological Discussion', Review of Political Economy, 2 (3), 345-58 -- Victoria Chick (1995), 'Is There a Case for Post Keynesian Economics?', Scottish Journal of Political Economy, 42 (1), February, 20-36 -- Philip Arestis (1996), 'Post-Keynesian Economics: Towards Coherence', Cambridge Journal of Economics, 20 (1), January, 111-35 -- Sheila C. Dow (2000), 'Prospects for the Progress of Heterodox Economics', Journal of the History of Economic Thought, 22 (2), 157-70 -- Victoria Chick (2004), 'On Open Systems', Brazilian Journal of Political Economy, 24 (1), January-March, 3-16 -- Tony Lawson (2006), 'The Nature of Heterodox Economics', Cambridge Journal of Economics, 30 (4), July, 483-505 -- John B. Davis (2006), 'The Nature of Heterodox Economics', Post-Autistic Economics Review: Symposium on Reorienting Economics, 40 (1), December, 23-30 -- Edward Nell (1990), 'Keynes and Sraffa: Marshallian or Classical Foundations?', in Krishna Bharadwaj and Bertram Schefold (eds), Essays on Piero Sraffa: Critical Perspectives on the Revival of Classical Theory, Part II, Chapter 10, London, UK: Unwin Hyman, 352-57 -- Marc Lavoie (1992), 'Towards a New Research Programme for Post-Keynesianism and Neo-Ricardianism', Review of Political Economy, 4 (1), 37-78 -- Tony Lawson (1994), 'The Nature of Post Keynesianism and its Links to Other Traditions: A Realist Perspective', Journal of Post Keynesian Economics, 16 (4), Summer, 503-38 -- Marc Lavoie (2003), 'The Tight Links between Post-Keynesian and Feminist Economics', in Edward Fullbrook (ed.), The Crisis in Economics, The Post Autistic Economics Movement: The First 600 Days, Part 3, London, UK: Routledge, 189-92 -- Marc Lavoie (2006), 'Do Heterodox Theories Have Anything in Common? A Post-Keynesian Point of View', European Journal of Economics and Economic Policies: Intervention, 3 (1), May, 87-112 -- J. E. King (2012), 'Post Keynesians and Others', Review of Political Economy, 24 (2), April, 305-19 -- John E. King (2013), 'Should Post-Keynesians Make a Behavioural Turn?', European Journal of Economics and Economic Policies: Intervention, 10 (2), September, 231-42 -- Victoria Chick (1998), 'On Knowing One's Place: The Role of Formalism in Economics', Economic Journal, 108 (451), November, 1859-69 -- Sheila C. Dow (1999), 'Post Keynesianism and Critical Realism: What is the Connection?', Journal of Post Keynesian Economics, 22 (1), Fall, 15-33 -- Mark Setterfield (2003), 'Critical Realism and Formal Modelling: Incompatible Bedfellows?', in Paul Downward (ed.), Applied Economics and the Critical Realist Critique, Part IIA, Chapter 5, London, UK: Routledge, 71-88
    Abstract: Therese Jefferson and John E. King (2011), 'Michal Kalecki and Critical Realism', Cambridge Journal of Economics, 35 (5), September, 957-72 -- G. C. Harcourt and Peter Kenyon (1976), 'Pricing and the Investment Decision', Kyklos, 29 (3), January, 449-77 -- Alfred S. Eichner (1983), 'The Micro Foundations of the Corporate Economy', Managerial and Decision Economics, 4 (3), September, 136-52 -- E. Agliardi (1988), 'Microeconomic Foundations of Macroeconomics in the Post-Keynesian Approach', Metroeconomica, 39 (3), October, 275-97 -- Marc Lavoie (1994), 'A Post Keynesian Approach to Consumer Choice', Journal of Post Keynesian Economics, 16 (4), Summer, 539-62 -- Marc Lavoie (1996), 'Mark-up Pricing versus Normal Cost Pricing in Post-Keynesian Models', Review of Political Economy, 8 (1), January, 57-66 -- Paul Downward (2000), 'A Realist Appraisal of Post-Keynesian Pricing Theory', Cambridge Journal of Economics, 24 (2), March, 211-24 -- Claudio Sardoni (2002), 'On the Microeconomic Foundations of Macroeconomics: A Keynesian Perspective', in Philip Arestis, Meghnad Desai and Sheila Dow (eds), Methodology, Micrcoeconomics and Keynes: Essays in Honour of Victoria Chick, Volume Two, Chapter 2, London, UK: Routledge, 4-14 -- John E. King (2009), 'Microfoundations?' in Eckhard Hein, Torsten Niechoj and Engelbert Stockhammer (eds), Macroeconomic Policies on Shaky Foundations: Whither Mainstream Economics?, Part I, Marburg, Germany: Metropolis-Verlag, 33-53 -- Frederic S. Lee (2010), 'A Heterodox Teaching of Neoclassical Microeconomic Theory', International Journal of Pluralism and Economics Education, 1 (3), 203-35 -- Philip Arestis, Stephen P. Dunn and Malcolm Sawyer (1999), 'Post Keynesian Economics and its Critics', Journal of Post Keynesian Economics, 21 (4), Summer, 527-49 -- Bernard Walters and David Young (1999), 'Is Critical Realism the Appropriate Basis for Post Keynesianism?', Journal of Post Keynesian Economics, 22 (1), Fall, 105-23 -- Philip Arestis, Stephen P. Dunn and Malcolm Sawyer (1999), 'On the Coherence of Post-Keynesian Economics: A Comment on Walters and Young', Scottish Journal of Political Economy, 46 (3), August, 339-45 -- Frederic S. Lee (2012), 'Heterodox Economics and its Critics', Review of Political Economy, 24 (2), April, 337-51 -- Giuseppe Fontana (2003), 'Reflections on the Development of Post Keynesian Economics', History of Economic Ideas, XI (3), 87-94 -- Giuseppe Fontana and Bill Gerrard (2006), 'The Future of Post Keynesian Economics', Banca Nazionale del Lavoro Quarterly Review, LIX (236), March, 49-80 -- Engelbert Stockhammer and Paul Ramskogler (2009), 'Post-Keynesian Economics - How to Move Forward', European Journal of Economics and Economic Policies: Intervention, 6 (2), November, 227-46 -- Matías Vernengo (2013), 'Conversation or Monologue? On Advising Heterodox Economists, with Addendum', in Frederic S. Lee and Marc Lavoie (eds), In Defense of Post-Keynesian and Heterodox Economics: Responses to their Critics, Chapter 8, Abingdon, UK: Routledge, 158-71 -- Marc Lavoie (2013), 'After the Crisis: Perspectives for Post-Keynesian Economics', in Frederic S. Lee and Marc Lavoie (eds), In Defense of Post-Keynesian and Heterodox Economics: Responses to their Critics, Chapter 2, Abingdon, UK: Routledge, 18-41
    Abstract: Paul Davidson (1965), 'Keynes's Finance Motive', Oxford Economic Papers, 17 (1), March, 47-65 -- A. Asimakopulos (1983), 'Kalečki and Keynes on Finance, Investment and Saving', Cambridge Journal of Economics, 7 (3-4), September-December, 221-33 -- Augusto Graziani (1984), 'The Debate on Keynes' Finance Motive', Economic Notes, 13 (1), 5-33 -- Jörg Bibow (1995), 'Some Reflections on Keynes's "Finance Motive" for the Demand for Money', Cambridge Journal of Economics, 19 (5), October, 647-66 -- Louis-Philippe Rochon (1997), 'Keynes's Finance Motive: A Re-assessment. Credit, Liquidity Preference and the Rate of Interest', Review of Political Economy, 9 (3), 277-93 -- Marc Lavoie (1984), 'The Endogenous Flow of Credit and the Post Keynesian Theory of Money', Journal of Economic Issues, XVIII (3), September, 771-97 -- Philip Arestis (1987), 'Post-Keynesian Theory of Money, Credit and Finance', Thames Papers in Political Economy, Spring, 1-22 -- Louis-Philippe Rochon and Sergio Rossi (2013), 'Endogenous Money: The Evolutionary versus Revolutionary Views', Review of Keynesian Economics, 1 (2), Summer, 210-29 -- Edward J. Nell (1967), 'Wicksell's Theory of Circulation', Journal of Political Economy, 75 (4), August, 386-94 -- Augusto Graziani (1989), 'The Theory of the Monetary Circuit', Thames Papers in Political Economy, Spring, 1-26 -- Riccardo Bellofiore (1992), 'Monetary Macroeconomics before the General Theory: The Circuit Theory of Money in Wicksell, Schumpeter and Keynes', Social Concept, 6 (2), 47-89 -- Jacques Le Bourva (1992), 'Money Creation and Credit Multipliers', Review of Political Economy, 4 (4), 447-66 -- Louis-Philippe Rochon (1999), 'The Creation and Circulation of Endogenous Money: A Circuit Dynamique Approach', Journal of Economic Issues, XXIII (1), March, 1-21 -- Alain Parguez and Mario Seccareccia (2000), 'The Credit Theory of Money: The Monetary Circuit Approach', in John Smithin (ed.), What is Money?, Chapter 5, London, UK: Routledge, 101-23 -- Biagio Bossone (2001), 'Circuit Theory of Banking and Finance', Journal of Banking and Finance, 25 (5), May, 857-90 -- Sergio Rossi (2009), 'Monetary Circuit Theory and Money Emissions', in Jean-François Ponsot and Sergio Rossi (eds), The Political Economy of Monetary Circuits: Tradition and Change in Post-Keynesian Economics, Chapter 3, Basingstoke, UK and New York, NY, USA: Palgrave Macmillan, 36-55 -- Stephen W. Rousseas (1960), 'Velocity Changes and the Effectiveness of Monetary Policy, 1951-57', Review of Economics and Statistics, 42 (1), February, 27-36 -- Nicholas Kaldor (1970), 'The New Monetarism', Lloyds Bank Review, 97, July, 1-18 -- Paul Davidson and Sidney Weintraub (1973), 'Money as Cause and Effect', Economic Journal, 83 (332), December, 1117-32
    Abstract: Nicholas Kaldor and James A. Trevithick (1981), 'A Keynesian Perspective on Money', Lloyds Bank Review, 139, January, 1-19 -- Allin Cottrell (1986), 'The Endogeneity of Money and Money-Income Causality', Scottish Journal of Political Economy, 33 (1), February, 2-27 -- Basil J. Moore (1991), 'Money Supply Endogeneity: "Reserve Price Setting" or "Reserve Quantity Setting"?', Journal of Post Keynesian Economics, 13 (3), Spring, 404-13 -- Robert Pollin (1991), 'Two Theories of Money Supply Endogeneity: Some Empirical Evidence', Journal of Post Keynesian Economics, 13 (3), Spring, 366-96 -- Thomas I. Palley (1994), 'Competing Views of the Money Supply Process: Theory and Evidence', Metroeconomica, 45 (1), February, 67-88 -- Sheila C. Dow (1996), 'Horizontalism: A Critique', Cambridge Journal of Economics, 20 (4), July, 497-508 -- Marc Lavoie (1996), 'Horizontalism, Structuralism, Liquidity Preference and the Principle of Increasing Risk', Scottish Journal of Political Economy, 43 (3), August, 275-300 -- Marc Lavoie (1999), 'The Credit-Led Supply of Deposits and the Demand for Money: Kaldor's Reflux Mechanism as Previously Endorsed by Joan Robinson', Cambridge Journal of Economics, 23 (1), January, 103-13 -- Mario Seccareccia (2003), 'Pricing, Investment and the Financing of Production within the Framework of the Monetary Circuit: Some Preliminary Evidence', in Louis-Philippe Rochon and Sergio Rossi (eds), Modern Theories of Money: The Nature and Role of Money in Capitalist Economies, Chapter 9, Cheltenham, UK and Northampton, MA, USA: Edward Elgar Publishing, 173-97 -- Giuseppe Fontana (2004), 'Rethinking Endogenous Money: A Constructive Interpretation of the Debate between Horizontalists and Structuralists', Metroeconomica, 55 (4), November, 367-85 -- Warren Mosler (1997-98), 'Full Employment and Price Stability', Journal of Post Keynesian Economics, 20 (2), Winter, 167-82 -- Sergio Rossi (1999), 'Review of "Understanding Modern Money"', Kyklos, 52 (3), August, 483-485 -- Stephanie Bell (2000), 'Do Taxes and Bonds Finance Government Spending?' Journal of Economic Issues, XXXIV (3), September, 603-20 -- Louis-Philippe Rochon and Matías Vernengo (2003), 'State Money and the Real World: Or Chartalism and its Discontents', Journal of Post Keynesian Economics, 26 (1), Fall, 57-67 -- Claude Gnos and Louis-Philippe Rochon (2002), 'Money Creation and the State: A Critical Assessment of Chartalism', International Journal of Political Economy, 32 (3), Fall, 41-57 -- Marc Lavoie (2013), 'The Monetary and Fiscal Nexus of Neo-Chartalism: A Friendly Critique', Journal of Economic Issues, XLVII (1), March, 1-31 -- Philip Arestis and Malcolm Sawyer (2004), 'On the Effectiveness of Monetary Policy and of Fiscal Policy', Review of Social Economy, LXII (4), December, 441-63 -- Giuseppe Fontana and Alfonso Palacio-Vera (2007), 'Are Long-Run Price Stability and Short-Run Output Stabilization All That Monetary Policy Can Aim For?', Metroeconomica, 58 (2), May, 269-98 -- Louis-Philippe Rochon and Sergio Rossi (2007), 'Central Banking and Post-Keynesian Economics', Review of Political Economy, 19 (4), October, 539-54
    Abstract: Louis-Philippe Rochon and Mark Setterfield (2008), 'The Political Economy of Interest-Rate Setting, Inflation, and Income Distribution', International Journal of Political Economy, 37 (2), Summer, 5-25 -- Mark Setterfield (2009), 'Macroeconomics without the LM Curve: An Alternative View', Cambridge Journal of Economics, 33 (2), March, 273-93 -- Scott T. Fullwiler (2013), 'An Endogenous Money Perspective on the Post-Crisis Monetary Policy Debate', Review of Keynesian Economics, 1 (2), Summer, 171-94 -- Amitava Krishna Dutt (1984), 'Stagnation, Income Distribution and Monopoly Power', Cambridge Journal of Economics, 8 (1), March, 25-40 -- Massimo Pivetti (1985), 'On the Monetary Explanation of Distribution', Political Economy: Studies in the Surplus Approach, 1 (2), 73-103 -- Amit Bhaduri and Stephen Marglin (1990), 'Unemployment and the Real Wage: The Economic Basis for Contesting Political Ideologies', Cambridge Journal of Economics, 14 (4), December, 375-93 -- Amitava Krishna Dutt (1992), 'Conflict Inflation, Distribution, Cyclical Accumulation and Crises', European Journal of Political Economy, 8 (4), December, 579-97 -- Steven Pressman and Robert Scott (2009), 'Consumer Debt and the Measurement of Poverty and Inequality in the US', Review of Social Economy, LXVII (2), June, 127-48 -- Aldo Barba and Massimo Pivetti (2009), 'Rising Household Debt: Its Causes and Macroeconomic Implications - a Long-Period Analysis', Cambridge Journal of Economics, 33 (1), January, 113-37 -- Robert A. Blecker (1989), 'International Competition, Income Distribution and Economic Growth', Cambridge Journal of Economics, 13 (3), September, 395-412 -- Marc Lavoie (1995), 'Interest Rates in Post-Keynesian Models of Growth and Distribution', Metroeconomica, 46 (2), June, 146-77 -- Robert Boyer (2005), 'From Shareholder Value to CEO Power: The Paradox of the 1990s', Competition and Change, 9 (1), March, 7-47 -- Eckhard Hein (2007), 'Interest Rate, Debt, Distribution and Capital Accumulation in a Post-Kaleckian Model', Metroeconomica, 58 (2), May, 310-39 -- Amit Bhaduri (2008), 'On the Dynamics of Profit-Led and Wage-Led Growth', Cambridge Journal of Economics, 32 (1), January, 147-60 -- Engelbert Stockhammer and Özlem Onaran (2013), 'Wage-Led Growth: Theory, Evidence, Policy', Review of Keynesian Economics, 1 (1), Spring, 61-78 -- Sebastian Dullien (2012), 'Is New Always Better than Old? On the Treatment of Fiscal Policy in Keynesian Models', Review of Keynesian Economics: Inaugural Issue, 0 (1), Autumn, 5-23 -- Hassan Bougrine (2012), 'Fiscal Austerity, the Great Recession and the Rise of New Dictatorships', Review of Keynesian Economics: Inaugural Issue, 0 (1), Autumn, 109-25 -- Philip Arestis (2012), 'Fiscal Policy: A Strong Macroeconomic Role', Review of Keynesian Economics: Inaugural Issue, 0 (1), Autumn, 93-108 -- Nathan Perry and Matías Vernengo (2014), 'What Ended the Great Depression? Re-evaluating the Role of Fiscal Policy', Cambridge Journal of Economics, 38 (2), March, 349-67
    Abstract: Richard P. F. Holt (2005), 'Post-Keynesian Economics and Sustainable Development', International Journal of Environment, Workplace and Employment, 1 (2), 174-86 -- Giuseppe Fontana and Malcolm Sawyer (2013), 'Post-Keynesian and Kaleckian Thoughts on Ecological Macroeconomics', European Journal of Economics and Economic Policies: Intervention, 10 (2), September, 256-67 -- Neil Perry (2013), 'Environmental Economics and Policy', in G. C. Harcourt and Peter Kriesler (eds), The Oxford Handbook of Post-Keynesian Economics, Volume 2: Critiques and Methodology, Chapter 18, New York, NY, USA: Oxford University Press, 391-411 -- Armon Rezai, Lance Taylor and Reinhard Mechler (2013), 'Ecological Macroeconomics: An Application to Climate Change', Ecological Economics, 85, January, 69-76 -- Hyman P. Minsky (1977), 'The Financial Instability Hypothesis: An Interpretation of Keynes and an Alternative to "Standard" Theory', Challenge, 20 (1), March-April, 20-27 -- James R. Crotty (1990), 'Owner-Manager Conflict and Financial Theories of Investment Instability: A Critical Assessment of Keynes, Tobin, and Minsky', Journal of Post Keynesian Economics, 12 (4), Summer, 519-42 -- Martin H. Wolfson (1996), 'A Post Keynesian Theory of Credit Rationing', Journal of Post Keynesian Economics, 18 (3), Spring, 443-70 -- Scott T. Fullwiler (2003), 'Timeliness and the Fed's Daily Tactics', Journal of Economic Issues, XXXVII (4), December, 851-80 -- Jan Toporowski (2008), 'Minsky's "Induced Investment and Business Cycles"', Cambridge Journal of Economics, 32 (5), September, 725-37 -- Sergio Rossi (2010), 'The 2007-9 Financial Crisis: An Endogenous-Money View', Studi e Note di Economia, XV (3), 413-30 -- Sergio Rossi (2015), 'Structural Reforms in Payment Systems to Avoid Another Systemic Crisis', Review of Keynesian Economics, 3 (2), Summer, 213-25 -- Engelbert Stockhammer (2004), 'Financialisation and the Slowdown of Accumulation', Cambridge Journal of Economics, 28 (5), September, 719-41 -- Gennaro Zezza (2008), 'U.S. Growth, the Housing Market, and the Distribution of Income', Journal of Post Keynesian Economics, 30 (3), Spring, 375-401 -- Yongbok Jeon and Matías Vernengo (2008), 'Puzzles, Paradoxes, and Regularities: Cyclical and Structural Productivity in the United States (1950-2005)', Review of Radical Political Economics, 40 (3), Summer, 237-43 -- Robert Guttmann (2009), 'Asset Bubbles, Debt Deflation, and Global Imbalances', International Journal of Political Economy, 38 (2), Summer, 45-68 -- Dirk J. Bezemer (2010), 'Understanding Financial Crisis through Accounting Models', Accounting, Organizations and Society, 35 (7), October, 676-88 -- Özgür Orhangazi (2012), '"Financial" vs. "Real": An Overview of the Contradictory Role of Finance', Research in Political Economy: Revitalizing Marxist Theory for Today's Capitalism, 27, 121-48 -- Engelbert Stockhammer (2012), 'Financialization, Income Distribution and the Crisis', Investigación Económica, LXXI (279), January-March, 39-70 -- Riccardo Bellofiore (2013), 'Endogenous Money, Financial Keynesianism and Beyond', Review of Keynesian Economics, 1 (2), Summer, 153-70
    Abstract: Paul Davidson (1992-1993), 'Reforming the World's Money', Journal of Post Keynesian Economics, 15 (2), Winter, 153-79 -- Jane D'Arista (2004), 'Dollars, Debt, and Dependence: The Case for International Monetary Reform', Journal of Post Keynesian Economics, 26 (4), Summer, 557-72 -- Robert Skidelsky (2005), 'Keynes, Globalisation and the Bretton Woods Institutions in the Light of Changing Ideas about Markets', World Economics, 6 (1), January-March, 15-30 -- Pietro Alessandrini and Michele Fratianni (2009), 'Resurrecting Keynes to Stabilize the International Monetary System', Open Economies Review, 20 (3), July, 339-58 -- Lilia Costabile (2009), 'Current Global Imbalances and the Keynes Plan: A Keynesian Approach for Reforming the International Monetary System', Structural Change and Economic Dynamics, 20 (2), June, 79-89 -- Nadia F. Piffaretti (2009), 'Reshaping the International Monetary Architecture: Lessons from the Keynes Plan', Banks and Bank Systems, 4 (1), 45-54 -- Sergio Rossi (2009), 'International Payment Finality Requires a Supranational Central-Bank Money: Reforming the International Monetary Architecture in the Spirit of Keynes', China-USA Business Review, 8 (11), November, 1-20 -- Anna M. Carabelli and Mario A. Cedrini (2010), 'Global Imbalances, Monetary Disorder, and Shrinking Policy Space: Keynes's Legacy for our Troubled World', European Journal of Economics and Economic Policies: Intervention, 7 (2), November, 303-23 -- Alvaro Cencini (2010), 'For a New System of International Payments', Banks and Bank Systems, 5 (1), 47-57.
    Abstract: This research review offers an examination and discussion of the seminal contributions by many prominent scholars in the heterodox tradition of post-Keynesian economic thought. The authors explore methodological issues; showing the contrast with orthodox thinking on fundamental grounds, concepts such as credit, money and production; which are crucial to understanding the working of our economic systems, as well as several interrelated macroeconomic issues including employment, distribution, growth, development, asset bubbles, and financial crises. The review provides a unique opportunity to appraise and appreciate the depth and variety of post-Keynesian economics at both theoretical and policy-oriented level
    URL: Volltext  (Deutschlandweit zugänglich)
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 10
    ISBN: 9781781958674
    Language: English
    Pages: 1 Online-Ressource (xxvi, 267 pages) , illustrations
    Parallel Title: Erscheint auch als
    Parallel Title: Erscheint auch als
    Parallel Title: Erscheint auch als Monetary and exchange rate systems
    DDC: 332.4/5
    RVK:
    Keywords: 1982-2005 ; Zentralbank ; Geldpolitik ; Preisstabilität ; Wechselkurssystem ; Internationaler Finanzmarkt ; Finanzmarktregulierung ; Wirtschaftslage ; Welt ; Finanzkrise ; Financial crises ; Foreign exchange rates ; Aufsatzsammlung ; Währungskrise ; Wechselkurs
    Abstract: Combining critical perspectives with a positive contribution to economic policy, both national and international, this book considers the causes and consequences of recent financial crises presenting cutting-edge material. The editors bring together a number of well-known scholars to offer their views and elaborate on alternative solutions with respect to the Washington Consensus on how to restructure the monetary and financial system in order to avoid financial crises in the future. The book deals with a number of issues, such as the Asian financial crises of the 1990s, exchange rate arrangements, financial liberalization and capital controls. The contributors take a critical approach, providing the elements for a new analysis of monetary and exchange rate issues in the modern world. Monetary and Exchange Rate Systems will be extremely useful for researchers and policymakers interested in monetary macroeconomics and in the international financial system
    Description / Table of Contents: Contents: Introduction / Louis-Philippe Rochon and Sergio Rossi -- Part I: Financial liberalization and financial crises -- 1. International financial instability in a world of currencies hierarchy / Andrea Terzi -- 2. Dollarization and the hegemonic status of the us dollar / Jean-François Ponsot -- 3. Reform and structural change in Latin America: Financial systems and instability / Eugenia Correa and Gregorio Vidal -- 4. East Asian monetary and financial cooperation: The long road ahead / Kok-Fay Chin -- 5. Does financial liberalization affect the distribution of income between wages and profits? / Domenica Tropeano -- 6. Crisis avoidance: The post-washington consensus agenda / Louis-Philippe Rochon -- Part II: From financial instability to macroeconomic performance / 7. Reforming the International Payment System: An Assessment / Claude Gnos -- 8. Is there a role for capital controls? / Philip Arestis, Jesús Ferreiro and Carmen Gómez -- 9. Liberalization or regulating international capital flows? / Paul Davidson -- 10. Cross-border transactions and exchange rate stability / Sergio Rossi -- 11. To fix or to float: Theoretical and pragmatic considerations / L. Randall Wray -- 12. Exchange rate arrangements and EU enlargement / Jesper Jespersen -- Index.
    Note: Includes bibliographical references and index
    URL: Inhaltsverzeichnis  (lizenzpflichtig)
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