Könyv Monetary Economics Wynne A.H. Godley

Monetary Economics

An Integrated Approach to Credit, Money, Income, Production and Wealth

Nyelv: Angol
Kötés: Kemény kötésű
Elérhetőség: Beszállítói készleten alacsony példányszámban
Küldés 13-18 napon belül
65 888 Ft
This book challenges the mainstream paradigm, which is based on the inter-temporal optimisation of w...

Információk a könyvről

Nyelv
Angol
Kötés
Könyv - Kemény kötésű
Kiadva
2006
oldal
530
EAN
9780230500556
ISBN
0230500552
Enbook ID
04554614
Súly
844
Méretek
140 x 216 x 36

Teljes leírás

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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