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optimal monetary policy
History of Political Economy (2009) 41 (1): 1–55.
Published: 01 March 2009
... “solutions feasibility,” the use of a quadratic loss function to characterize the behavior of central banks also inaugurated an objective way of talking about optimality. In this respect, the tool stabilized the discourse on optimal monetary policy. Correspondence may be addressed to Pedro Garcia Duarte...
History of Political Economy (1988) 20 (4): 543–564.
Published: 01 November 1988
... 0 1988 by Duke University Press CCC 00 18-2702/88/$1.50 ‘Socialist’ monetary policy: monetary thought in the Labour Party in the 1940s Susan K. Howson The first majority Labour government in Britain was elected with a large majority...
History of Political Economy (1996) 28 (3): 359–369.
Published: 01 September 1996
... Fiscal Activism. Journal of the History of Economic Thought 16 : 27 -39. Friedman , Milton. 1968 . The Role of Monetary Policy. American Economic Review 58 : 1 -17. Keynes , John Maynard 1936 . The General Theory of Employment, Interest, and Money . London: Macmillan...
History of Political Economy (1993) 25 (3): 461–492.
Published: 01 September 1993
... andp32 of the two nontradables in Bickerdike’s model according to (9) by means of appropriate monetary policies in the two countries amounts to de- fining the “constant value of money” in each country by the fixed amount of money that can be obtained for a unit of the nontradable good...
History of Political Economy (2012) 44 (2): 367–370.
Published: 01 June 2012
...D. P. O'Brien Monetary Theory and Policy from Hume and Smith to Wicksell: Money, Credit and the Economy . By Arnon Arie . Cambridge : Cambridge University Press , 2011 . 424 pp. $79.00 . Copyright 2012 by Duke University Press 2012 Book Reviews The Economics of Karl Marx...
History of Political Economy (2014) 46 (1): 117–148.
Published: 01 March 2014
... Bagehot’s bailout suggestion More attention is paid to monetary than to Ditto fiscal policy Differences* Shocks are certainty-equivalent, susceptible to Waves of optimism and pessimism, rational expectations...
History of Political Economy (2004) 36 (Suppl_1): 271–304.
Published: 01 December 2004
... . New York: Macmillan. ____. 1995 . Topics in Monetary Theory and Policy: Lectures at the Institute for Advanced Studies, Vienna, April 1994 . Manuscript, Carnegie Mellon University. McCallum, B. T., and E. Nelson. 1999a . An Optimizing IS-LM Specification for Monetary Policy and Business Cycle...
History of Political Economy (2004) 36 (Suppl_1): 240–270.
Published: 01 December 2004
... expansionary monetary policy actually becomes more desirable as it becomes less effective at boosting aggregate demand (and thus prices). In the extreme case of a complete liquidity trap, the optimal policy would be for the central bank to buy up the entire world’s stock of wealth. By assumption, this...
History of Political Economy (1986) 18 (2): 335–349.
Published: 01 June 1986
... considering the efficacy of monetary policy. What is new in Hicks’s case is that he is trying to develop apparently diverse notions into a coherent conceptual structure. What Hicks himself seems to be particularly endeavouring to do through his general notion of liquidity is to intimately link...
History of Political Economy (2001) 33 (Suppl_1): 162–189.
Published: 01 December 2001
... History of the United States, 1867-1960 . Princeton, N.J.: Princeton University Press. Hardy, Charles O. 1932 . Credit Policies of the Federal Reserve System . Washington, D.C.:Brookings. Hetzel, Robert L. 1985 . The Rules versus Discretion Debate Over Monetary Policy in the 1920s. Federal...
History of Political Economy (2002) 34 (1): 111–153.
Published: 01 March 2002
... Interest . New York: Macmillan. ____. 1906 . The Nature of Capital and Income . New York: Macmillan. ____. 1907 . The Rate of Interest . New York: Macmillan. ____. 1930 . The Theory of Interest . New York: Macmillan. Fregert, Klas. 1993 . Erik Lindahl's Norm for Monetary Policy. In...
History of Political Economy (2003) 35 (3): 491–519.
Published: 01 September 2003
.... New York:Kelley. Mlynarsky, Feliks. 1937 . 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...
History of Political Economy (2018) 50 (1): 155–190.
Published: 01 March 2018
... International Financial System , edited by Lamfa-lussy Alexander , 13 – 23 . Bruxelles : P. I. E. Peter Lang . Gutt Camille . 1948 . “ Exchange Rates and the International Monetary Fund .” In Foreign Economic Policy for the United States , edited by Harris Seymour E. , 217 – 35...
History of Political Economy (1975) 7 (3): 360–371.
Published: 01 September 1975
... crises are easily found. The first concerned the monetary policies and the behavior of the monetary authorities of the United States and Great Britain. One cannot deny that attempts to restore full employment with monetary policy during the 1930failed utterly. Keynes, a staunch monetarist...
History of Political Economy (1976) 8 (3): 380–399.
Published: 01 September 1976
... of money. After inquiring into the methodological aspects of Galiani’s book, his ideas on money will be considered, touching upon the nature of money, the origin of money, the quantity theory and the purchasing power of money, the transmission mechanism of monetary policy, effects...
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...
History of Political Economy (1996) 28 (4): 607–632.
Published: 01 November 1996
... be understood as preliminary exploration for the treatise he never had the opportunity to write.2 In the courses he ta~ght,~the dissertations he s~pervised,~the policy debates he entered,5 and the books he edited, introduced, or reviewed, Young’s con- cern with monetary economics was never...
History of Political Economy (1990) 22 (2): 321–340.
Published: 01 June 1990
... highly innovative character. In fact, in the mainstream of classical monetary economics the design of the standard is mainly considered as a technical problem not related to the optimal use of policy instruments. Stability of purchasing power is often stressed, but it was not conceived of...
History of Political Economy (1994) 26 (4): 539–567.
Published: 01 November 1994
... his monetary theory. In section 7, I attempt to answer the general questions posed above and draw conclusions about Mill’s stature as a monetary theorist. 2. Laidler treats five areas of monetary thought. I have omitted the section on monetary policy, given Mill’s slight contributions in...
History of Political Economy (1998) 30 (3): 427–450.
Published: 01 September 1998
... by W. W. Bartley III. Chicago: University of Chicago Press. Hilferding , Rudolf . 1910 . Finance Capital . London: Routledge and Kegan Paul. Horwitz , Steven . 1992a . Monetary Evolution, Free Banking, and Economic Order . Boulder: Westview Press. Horwitz , Steven...