Beyond Barter Lectures In Monetary Economics After Rethinking is popular PDF and ePub book, written by John Smithin in 2022-04-21, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Beyond Barter Lectures In Monetary Economics After Rethinking can be Read Online from any device for your convenience.
Beyond Barter Lectures In Monetary Economics After Rethinking Book PDF Summary
The conventional macroeconomic theory of the late twentieth and early twenty-first century, based on the assumption that the working of complex monetary economy could be analysed on the same principles as those of barter exchange, has demonstrably failed. This book provides a thorough rethinking of the nature of a monetary economy. It builds upon a complete theory of the domestic and international monetary macro-economy, and of macroeconomic policy for the modern age. Central to the analysis is the idea that a successful market economy requires an endogenous supply of money via the banking system. Therefore to achieve macroeconomic stability, the book proposes the targeting of real interest rates under a regime of flexible exchange rates or 'fixed but adjustable exchange rates' as the main goal of monetary policy, along with a range of innovative fiscal and trade policies to promote economic growth, and thereby achieve full employment and a fair distribution of income.
Detail Book of Beyond Barter Lectures In Monetary Economics After Rethinking PDF
- Author : John Smithin
- Release : 21 April 2022
- Publisher : World Scientific
- ISBN : 9789811245398
- Genre : Business & Economics
- Total Page : 228 pages
- Language : English
- PDF File Size : 16,8 Mb
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