ISBN:
0230294456
,
1280681071
,
9780230367357
,
9781280681073
,
9780230294455
Language:
English
Pages:
ca. 424 S.
Edition:
Online-Ausg. 2011 Electronic reproduction; Available via World Wide Web
Series Statement:
Levy Institute advanced research in economic policy
Parallel Title:
Print version Contributions in stock-flow modeling
Keywords:
Macroeconomics Mathematical models
;
Business enterprises Finance
;
Political economy
;
Economic theory
;
Econometrics
;
Business
;
Economic policy
;
Business
;
Business enterprises
;
Political economy
;
Finance
;
Economic theory
;
Econometrics
;
Macroeconomics
;
Economic policy
;
Business and Management
;
Business Finance
;
Economic Theory/Quantitative Economics/Mathematical Methods
;
Economic Policy
;
Macroeconomics/Monetary Economics//Financial Economics
;
Econometrics
;
Political Economy
Abstract:
A collection of papers from leading thinkers to celebrate the work of the late Wynne Godley, and his enormous contribution to the field of monetary economics. Chapters include in-depth discussions of the revolutionary economic modelling systems that Godley introduced, as well as his prescient concerns about the global financial crash
Abstract:
In the 1970s, at a time of shock, controversy and uncertainty over the direction of monetary and fiscal policy, Wynne Godley and the Cambridge Department of Applied Economics rose to prominence, challenging the accepted Keynesian wisdom of the time. This collection of essays brings together eminent scholars who have been influenced by Godley's enormous contribution to the field of monetary economics and macroeconomic modeling. Godley's theoretical, applied and policy work is explored in detail, including an analysis of the insightful New Cambridge 'three balances' model, and its use in showing the progression of real capitalist economies over time. Godley's prescient concerns about the global financial crash are also examined, demonstrating how his work revealed structural imbalances and formed the foundations of an economics relevant to the instability of finance
Description / Table of Contents:
Wynne Godley's Economics; D.PapadimitriouGodley Works in Mysterious Ways: the craft of economic judgement in postwar Britain; T.Mata -- Godley Got it Right; L.R.Wray -- Who are These Economists, Anyway? J.K.Galbraith -- A Look at New Cambridge: will the UK private expenditure function stand up? B.Martin -- Three Balances and Twin Deficits: Godley versus Ruggles and Ruggles; A.Shaikh -- From Macroeconomics to Monetary Economics: some persistent themes in the theory work of Wynne Godley; M.Lavoie -- Godley and Graziani: stock-flow consistent monetary circuits; G.Zezza -- The stock-flow consistent approach with active financial markets; J.Toporowski & J.Michell -- Financial integration and stabilization in a monetary union without or with bank rationing; V.Duwicquet & J.Mazier -- Debt-Deflation Traps within Small Open Economies: a stock-flow consistent perspective; S.Kinsella€ -- A Debate with Wynne Godley on the Neutrality of Fiscal Policy; E.Le Heron -- The Effectiveness of Fiscal Policy in the Levy Institute's Stock-Flow Model; P.Arestis & M.Sawyer -- Of Unsustainable Processes and the US Dollar; J.Bibow -- Squaring the Circle in Euroland? Some Remarks on the Stability Programmes 2010-2013; M.Brecht, S.Tober, T.van Trreeck & A.Truger -- Wynne Godley: A Bibliography -- Index.
Note:
Includes bibliographical references (p.377-387) and index
,
Electronic reproduction; Available via World Wide Web
DOI:
10.1057/9780230367357
URN:
10.1057/9780230367357
URL:
Volltext
(lizenzpflichtig)
URL:
Volltext
(lizenzpflichtig)
Permalink
