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Monetary Economics: An Integrated Approach to Credit, Money, Income, Production and Wealth - Tapa dura

Godley, Wynne; Lavoie, Marc

 
9780230500556: Monetary Economics: An Integrated Approach to Credit, Money, Income, Production and Wealth
Tapa dura
ISBN 10: 0230500552 ISBN 13: 9780230500556
Editorial: AIAA, 2007

Sinopsis

This book challenges the mainstream paradigm, which is based on the inter-temporal optimisation of welfare by individual agents. It introduces a new methodology for studying how it is institutions which create flows of income, expenditure and production together with stocks of assets (including money) and liabilities, thereby determining how whole economies evolve through time. Starting with extremely simple stock flow consistent (SFC) models, the text describes a succession of increasingly complex models. Solutions of these models are used to illustrate ways in which whole economies evolve when shocked in various ways. Readers will be able to download all the models and explore their properties for themselves. A major conclusion is that economies require management via fiscal and monetary policy if full employment without inflation is to be achieved.

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Acerca del autor

WYNNE GODLEY was formerly Director of the Department of Applied Economics at the University of Cambridge, UK, from 1970 to 1994, and subsequently a Professor of Applied Economics. During this period, from 1987-1988, he was also a Visiting Professor at University of Aalborg, Denmark. Between 1994 and 2001, Professor Godley was a Distinguished Scholar at the Levy Economics Institute of Bard College, New York. Professor Godley joined CERF as a Visiting Research Associate in 2002. MARC LAVOIE is Professor in the Department of Economics at the University of Ottawa, Canada. He has been Visiti

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Editorial
AIAA
Año de publicación
2007
Idioma
Inglés
ISBN 10 
0230500552
ISBN 13 
9780230500556
Encuadernación
Tapa dura
Número de páginas
576
Contacto del fabricante
no disponible
Persona responsable
Yeepin GmbH
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