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old regime monetary policy

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Journal Article
History of Political Economy (2004) 36 (Suppl_1): 25–56.
Published: 01 December 2004
... macroeconomic theory but also economists’ conceptions of macroeconomic policy, which came to be analyzed in terms of comparative-static diagrams. Monetary policy, for example, be- gan to be seen in terms of discretionary shifts in variables, designed to offset the effects of disturbances to the private...
Journal Article
History of Political Economy (2017) 49 (4): 730–739.
Published: 01 December 2017
...); and, as Book Reviews 735 an old-fashioned examination question might then have continued (though Singleton does not): Discuss, with reference to Friedman’s advocacy of a monetary policy rule or of a negative income tax or against wage and price controls, etc. Friedman’s streak of intellectual...
Journal Article
History of Political Economy (2013) 45 (1): 39–59.
Published: 01 March 2013
... in February 1922 when the defla- tion was over, recommended a return to the old parity conditional on other countries also returning to gold.9 1.2.  Heckscher’s Case for the Return to the Old Gold Parity In April 1920, Heckscher (1920e) presented his own program for monetary policy. He noted...
Journal Article
History of Political Economy (2014) 46 (suppl_1): 351–374.
Published: 01 December 2014
... of special importance to his subsequent career was his indirect participation in the 1948 German monetary reform. With the reform, the United States impelled Germany’s conversion of old currency and other paper assets to new currency at a fraction of their former nominal value, to the end...
Journal Article
History of Political Economy (2015) 47 (2): 241–269.
Published: 01 June 2015
... of his many reform plans. This is somewhat puzzling insofar as it clashes with Keynes’s call for activist monetary policy. Indian Currency and Finance sheds light on the origins and arguments underlying this peculiar feature and is accordingly most significant in the development of Keynes’s work...
Journal Article
History of Political Economy (2012) 44 (4): 595–618.
Published: 01 November 2012
... . Monetary Theory and Policy from Hume and Smith to Wicksell: Money, Credit, and the Economy . Cambridge : Cambridge University Press . Bagehot Walter . ( 1848 ) 1978 . “ The Currency Monopoly .” In The Collected Works of Walter Bagehot , edited by John-Stevas Norman St. , 9 : 235 – 71...
Journal Article
History of Political Economy (2002) 34 (4): 749–787.
Published: 01 November 2002
... despotic ruling Bibow / Keynes on Central Banking and Monetary Policy 759 over the world and reduced to the position of a constitutional monarch (with Keynes as one of the regime’s chief architects). In Britain’s case, however, the year 1931 marked another important watershed, as ster- ling...
Journal Article
History of Political Economy (2006) 38 (4): 711–731.
Published: 01 November 2006
..., Frank D. 1940 . Achilles' Heels in Monetary Standards. American Economic Review 30.1 , pt. 1: 16 -32. ____. 1943 . Fundamentals of International Monetary Policy . Essays in International Finance, no. 2. Princeton, N.J.: Princeton University, International Finance Section. ____. 1949...
Journal Article
History of Political Economy (1994) 26 (3): 443–464.
Published: 01 September 1994
... book of 197040 reconcile with a basically monetarist theory. Determinacy in History, Policy, and Reform Hong Kong provides a remarkable illustration of a monetary system that came to an end because of an ill-defined, even undefined, critical fig- ure. A unique regime prevailed from 1974...
Journal Article
History of Political Economy (1999) 31 (4): 753–769.
Published: 01 November 1999
... . The Theory of Money and Credit . Indianapolis: Liberty Press. von Mises , Ludwig . [1928] 1978 . Monetary Stabilization and Cyclical Policy. In On the Manipulation of Money and Credit , edited by Percy L. Greaves Jr. Dobbs Ferry, N.Y.: Free Market Books. von Mises , Ludwig . [1949] 1966...
Journal Article
History of Political Economy (2021) 53 (4): 633–672.
Published: 01 August 2021
... in the emerging Chicago monetary economics of that period. We show that Mints made important, original contributions that were later adopted and pushed forward by Friedman. In particular, Mints argued that: (1) exchange rate volatility is not a function of the specific exchange rate regime in place...
Journal Article
History of Political Economy (2002) 34 (1): 177–206.
Published: 01 March 2002
... Emission Caisse” of North Russia: 1918–1920 Jean-François Ponsot Monetary reforms in the 1990s saw a resurgence of the old currency board mechanism first used in Britain’s colonies. This unusual monetary arrangement makes the national currency fully convertible. It operates on two principles...
Journal Article
History of Political Economy 81–110.
Published: 26 August 2021
... . Washington, DC : International Monetary Fund . Berg A. Karam P. Laxton D. . 2006 . A Practical Model-Based Approach to Monetary Policy Analysis—Overview . Working Paper WP/06/80 . Washington, DC : IMF . Bonnecase V. 2014 . “ Des revenus nationaux pour l’Afrique? La mesure du...
Journal Article
History of Political Economy (1985) 17 (4): 677–680.
Published: 01 November 1985
... changes primarily affect output” (p. 4). As Friedman has stressed, quantity theorists lack a formal theory of monetary dynamics. Thus, Friedman believes that the “contribution to economic stability” by the (steady money growth) rule “is the most that we can ask from monetary policy at our...
Journal Article
History of Political Economy (1985) 17 (4): 676–677.
Published: 01 November 1985
... stressed, quantity theorists lack a formal theory of monetary dynamics. Thus, Friedman believes that the “contribution to economic stability” by the (steady money growth) rule “is the most that we can ask from monetary policy at our present state of knowledge” (pp. 108-9). The book also...
Journal Article
History of Political Economy (2017) 49 (4): 631–666.
Published: 01 December 2017
... Spinelli old regime monetary policy mathematical methods References Saint-Pierre Abbé de Castel Charles Irénée . 1733 . Discours contre l’augmentation des monnayes et en faveur des annuités . In Ouvrajes de politique par M. l’abbé de Saint–Pierre , vol. 2 , 199 – 230 Rotterdam...
Journal Article
History of Political Economy (2012) 44 (2): 341–364.
Published: 01 June 2012
... to alleviate the recession, a program comparable to that of the United States in its proportion to national income. Since the 1980s, the Chinese government has overtly committed itself to policies of demand manage- ment, based on fiscal as well as monetary instruments, with a distinctly (although...
Journal Article
History of Political Economy (1977) 9 (4): 476–489.
Published: 01 November 1977
... of Specie at the Bank of England, on the Prices of Provisions, and Other Commodities . London, 1801 . Burns , A. R. Money and Monetary Policy in Early Times New York, 1927 . Corry , B. A. “Should Economists Abandon HOPE?” History of Political Economy , 7 (Summer 1975 ), p. 252 -260...
Journal Article
History of Political Economy (2003) 35 (3): 491–519.
Published: 01 September 2003
... . Proportionalism and Stabilization Policy. In The Lessons of Monetary Experience , edited by Arthur D. Gayer. London: George Allen and Unwin. Moggridge, Donald E. 1986 . Keynes and the International Monetary System 1909-46. In International Monetary Problems and Supply-Side Economics: Essays in Honour...
Journal Article
History of Political Economy (1995) 27 (4): 705–735.
Published: 01 November 1995
...George Selgin References Anderson , Benjamin 1929 . Commodity Price Stabilization: A False Goal of Central Bank Policy. Chase Economic Bulletin , May. Angell , James W. 1933 . Monetary Control and General Business Stabilization. In Economic Essays in Honour of Gustav Casse...