Credit, Money and Macroeconomic Policy : A Post-Keynesian Approach


Claude. Gnos
Bok Engelsk 2011 · Electronic books.
Annen tittel
Utgitt
Cheltenham : : Edward Elgar Publishing, , 2011.
Omfang
1 online resource (368 p.)
Opplysninger
Description based upon print version of record.. - Cover; Copyright; Contents; Contributors; Introduction: Keynes, Crisis and Macroeconomic Policy; PART I Endogenous money and financial crisis; 1. A Minsky moment? The subprime crisis and the 'new' capitalism; 2. Lessons from the 1929 crash and the 1930s debt deflation: what Bernanke and King learned, and what they could have learned; 3. The collapse of securitization: from subprimes to global credit crunch; PART II Monetary policy and policy rules; 4. From monetary to fiscal policy rule: a matter of adjustment or choice?. - 10. Implications of Basel II for national development banksPART IV Inflation targeting, new consensus macroeconomics and macroeconomic policy; 11. Inflation targeting drawbacks in the absence of a 'natural' anchor: a Keynesian appraisal of the Fed and ECB policies from 1999 to 2006; 12. Fiscal policy in the macroeconomic policy mix: a critique of the new consensus model and a comparison of macroeconomic policies in France, Germany, the UK and Sweden from a post-Keynesian perspect; 13. Re-thinking macroeconomic policies. - 14. Turkish monetary policy in a post-crises era: a further case of 'new consensus'?15. Instability and uncertainty incognitive capitalism; Index. - 5. Money creation, employment and economic stability: the monetary theory of unemployment and inflation6. Monetary policy without reserve requirements: central bank money as means of final payment on the interbank market; 7. Post-Keynesian interest rate rules and macroeconomic performance: a comparative evaluation; PART III Monetary policy under the Basel II Accord; 8. Basel II: a new regulatory framework for global banking; 9. The Basel II influence on the money supply process: a comparative analysis of the eurozone and the United States. - With recent turmoil in financial markets around the world, this unique and up-to-date book addresses a number of challenging issues regarding monetary policy, financial markets and macroeconomic policy. While some of the chapters address the recent crisis as well as adjustments to the Basel Accord, others analyze the required changes to the conduct of monetary and fiscal policies. The distinguished authors offer an in-depth and comprehensive analysis of macroeconomics and provide alternative policies to deal with a number of persistent modern-day problems. Offering an interesting analysis of c
Emner
Sjanger
Dewey
ISBN
9781848440678

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