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monetary approach to exchange rates

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Journal Article
History of Political Economy (2008) 40 (1): 133–162.
Published: 01 March 2008
...Anthony M. Endres The case made for market-determined, flexible exchange rates by Princeton economist Frank D. Graham between the 1920s and the late 1940s is examined. It is argued that Graham's case embodied all essential elements of a monetary approach to exchange rates and the balance...
Journal Article
History of Political Economy (1983) 15 (2): 286–288.
Published: 01 June 1983
...) ‘The monetary approach to exchange rates: its historical evolution and role in policy debates,’ (4) ‘The purchasing-power-parity doctrine,’ (5) ‘On cost-push theories of inflation in the pre-war monetary literature,’ (6) ‘The interest cost-push controversy,’ and (7) ‘Changing views on the Phillips...
Journal Article
History of Political Economy (1996) 28 (4): 712–714.
Published: 01 November 1996
... and the Monetary Approach to the Balance of Payments” and “Dennis H. Robertson and the Monetary Approach to Exchange Rates” are both quite useful. Though one could argue, with some justification, that few original contributions to the history of monetary thought can be found in this volume...
Journal Article
History of Political Economy (1983) 15 (2): 288–291.
Published: 01 June 1983
...,’ (3) ‘Adam Smith and the monetary approach to the balance of payments- and (4) ‘Dennis H. Robertson and the monetary approach to exchange rates.’ The essay on Keynes’ views on inflation is especially welcome in view of the insistent manner in which modem economists attribute everything labeled...
Journal Article
History of Political Economy (2004) 36 (Suppl_1): 127–164.
Published: 01 December 2004
...,” “domestic interest rate,” and variant “exchange rate policies”— would “essentially” render the model “useless” has limited its efficacy to “ad-hoc” institutional analysis (Polak 1998, 406). What Polak has called the “Johnsonian,” or “monetary,” approach to the balance of payments framework emanates...
Journal Article
History of Political Economy (1982) 14 (2): 246–250.
Published: 01 June 1982
... Monetary Stabilization . New York. Frenkel , Jacob A. 1976 . “A Monetary Approach to the Exchange Rate: Doctrinal Aspects and Empirical Evidence.” Scandinavian Journal of Economics 78 ( 1976 ): 200 -224. Reprinted in Frenkel, Jacob A., and Harry G. Johnson, eds., The Economics of Exchange...
Journal Article
History of Political Economy (2006) 38 (4): 711–731.
Published: 01 November 2006
..., and Lutz 1972. Lutz, Friedrich A. 1943 . International Monetary Mechanisms: The Keynes and White Proposals . Essays in International Finance, no. 1. Princeton, N.J.: Princeton University, International Finance Section. ____. 1972 . Foreign Exchange Rate Policy and European Economic Integration...
Journal Article
History of Political Economy (2018) 50 (1): 155–190.
Published: 01 March 2018
... . “ From the European Payments Union to the European Monetary System .” In The Monetary System under Flexible Exchange Rates. Essays in Honour of Robert Triffin , edited by Cooper Robert Kenen Peter Macedo Jorge Braga de Ypersele Jacques van , 161 – 69 . Cambridge : Ballinger...
Journal Article
History of Political Economy (2023) 55 (5): 831–867.
Published: 01 October 2023
... with rapid rates of inflation. Friedman did not see the crawling peg as a permanent exchange rate and monetary arrangement, nor did he recommend it in countries with low inflation, such as India or China; see the discussion below for details. Friedman also supported a crawling peg approach to exchange...
Journal Article
History of Political Economy (2021) 53 (4): 633–672.
Published: 01 August 2021
...) exchange rate volatility is not a function of the specific exchange rate regime in place, but of the volatility of the underlying macroeco- nomic fundamentals; (2) the frictional rate of unemployment represents the lower sustained bound of unemployment that monetary policy can support; a central bank...
Journal Article
History of Political Economy (1982) 14 (2): 242–245.
Published: 01 June 1982
... . “A Monetary Approach to the Exchange Rate: Doctrinal Aspects and Empirical Evidence.” Scandinavian Journal of Economics 78 : 200 -224. Haberler , G. 1936 . The Theory of International Trade . London. Myhrman , J. 1976 . “Experiences of Flexible Exchange Rates in Earlier Periods...
Journal Article
History of Political Economy (1994) 26 (3): 443–464.
Published: 01 September 1994
... should rec- ognize, though, that his account of the Great Depression does not accord a major role to money and monetary policy. 460 History of Political Economy 26:3 (1994) magnitudes-price level, money supply, and exchange rate-were ap- parently abandoned to market forces. Unwittingly...
Journal Article
History of Political Economy (1979) 11 (3): 425–449.
Published: 01 September 1979
... issues remains.* The emergence and success of the monetarist approach in the 1960’s depended on two foundations. First, and most important, reexam- ination of the role of money and monetary policy in the 1930’s by 1. The first quotation is from Friedman and Schwartz, 1963b, p. xxii...
Journal Article
History of Political Economy (2005) 37 (Suppl_1): 292–313.
Published: 01 December 2005
... Monetary Reform and the “Crawling Peg.” Federal Reserve Bank of St. Louis Review (February): 15 -22. Meade, J. 1964 . The International Monetary Mechanism. Three Banks Review , September, 3 -25. ____. 1966 . Exchange Rate Flexibility. Three Banks Review , June, 3 -27. Morande, F. 2001...
Journal Article
History of Political Economy (2004) 36 (Suppl_1): 240–270.
Published: 01 December 2004
... and nominal interest rates; and (3) important constraints on using monetary policy to control aggregate demand (i.e., a commodity standard or a fixed exchange rate regime). 3. Three Approaches to Monetary Economics All macro models have advantages and disadvantages. Any explanation of the varying...
Journal Article
History of Political Economy (1982) 14 (1): 89–100.
Published: 01 March 1982
.... 1977b ): 529 -35. Tavlas , George S. “Some Initial Formulations of the Monetary Growth-Rate Rule.” History of Political Economy 9 ( 1977c ): 535 -47. Tavlas , George S. “The Last Remake of the New Economics and the Old Economists: Reply.” Southern Economic Journal 45 ( Jan...
Journal Article
History of Political Economy (1989) 21 (2): 201–229.
Published: 01 June 1989
... to rise. At first, rising prices were moderated by an appreciation of the local currency against sterling.26But once exchange-rate parity was restored, the price level rose to the level consistent with parity. Monetary expansion was an automatic response to the demand at the original exchange...
Journal Article
History of Political Economy (2015) 47 (2): 241–269.
Published: 01 June 2015
...Filippo Cesarano John Maynard Keynes put forward a number of proposals to reshape the international monetary system. Although variegated, they do have one characteristic in common—the rejection of freely flexible exchange rates—which, in a sense, is like a prism refracting the different shades...
Journal Article
History of Political Economy (1979) 11 (2): 254–270.
Published: 01 June 1979
... simply the prices of given currencies as expressed in terms of other currencies belonging to the same monetary system. Unlike current monetary practices which require internal exchange rates to be fixed,s3 the monetary approach taken by the Talmud allows for varying internal exchange...
Journal Article
History of Political Economy (1986) 18 (4): 601–616.
Published: 01 November 1986
... for Menger’s approach, which constitutes an alternative explana- tion of the demand for non-interest-bearing liabilities of the federal government. Since Menger’s theoretical and methodological work are the foundation of his monetary analysis, I review these in the next section. After that, I...