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Money and the economy issues in monetary analysis

著者: Karl Brunner; Allan H Meltzer; Raffaele Mattioli Foundation.
出版商: Cambridge [England] ; New York, NY, USA : Cambridge University Press, 1993.
丛书: Raffaele Mattioli lectures.
版本/格式:   图书 : 英语查看所有的版本和格式
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提要:
This volume, by two of the profession's most eminent monetarist economists, offers a unique perspective on a key issue of monetary economics: the effect of money on output. Karl Brunner and Allan Meltzer address the theoretical aspects of this issue with the purpose of understanding their policy implications. The opening lecture offers an historical overview of the relationship between money and output. The second  再读一些...
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所有的著者/提供者: Karl Brunner; Allan H Meltzer; Raffaele Mattioli Foundation.
ISBN: 0521445426 9780521445429
OCLC号码: 27266339
注意: At head of title: Raffaele Mattioli Foundation.
描述: xvii, 391 p. : ill. ; 25 cm.
丛书名: Raffaele Mattioli lectures.
责任: Karl Brunner, Allan H. Meltzer.
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摘要:

This volume, by two of the profession's most eminent monetarist economists, offers a unique perspective on a key issue of monetary economics: the effect of money on output. Karl Brunner and Allan Meltzer address the theoretical aspects of this issue with the purpose of understanding their policy implications. The opening lecture offers an historical overview of the relationship between money and output. The second lecture presents their well-known model of a monetary economy. The real sector, and in particular the government budget constraint, is examined in the third lecture. The Leitmotif of the lectures, uncertainty and the costs of acquiring information is the theme of the final lecture. Here they argue that uncertainty can be most effectively reduced by relying on rules rather than discretion, and by basing rules on observation rather than on forecasts.

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