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Monetary Theory as a Basis for Monetary Policy

  • Book
  • © 2001

Overview

Editors:
  1. Axel Leijonhufvud

    1. University of Trento, Italy

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Part of the book series: International Economic Association Series (IEA)

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About this book

Since the inflationary 1970s, theoretical work on monetary policy has concentrated almost exclusively on price-level stabilization and the avoidance of nominal shocks. In the aftermath of the collapse of financial bubbles in various parts of the world, the accomplishments and limitations of this dominant approach are debated in this volume edited by Axel Leijonhufvud, with contributions by a number of noted monetary economists, including Nobel Laureate Robert Lucas.

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Table of contents (7 chapters)

  1. Front Matter

    Pages i-xvi
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  2. Monetary Theory and Central Banking

    1. Monetary Theory and Central Banking

      • Axel Leijonhufvud
      Pages 1-30

  3. Intertemporal General Equilibrium

    1. Front Matter

      Pages 31-31
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    2. Intertemporal General Equilibrium and Monetary Theory

      • Jacques H. Drèze, Heracles M. Polemarchakis
      Pages 33-71

    3. The Fiscal Theory of Money as an Unorthodox Financial Theory of the Firm

      • Ramon Marimon
      Pages 72-95

    4. Inflation and Welfare

      • Robert E. Lucas Jr
      Pages 96-142

  4. Monetary and Financial Instability

    1. Front Matter

      Pages 143-143
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    2. Business Cycles in a Financially Deregulated America

      • Albert M. Wojnilower
      Pages 145-172

    3. Learning about Trends: Spending and Credit Fluctuations in Open Economies

      • Daniel Heymann, Martin Kaufman, Pablo Sanguinetti
      Pages 173-214

    4. Monetary Policy and the Macroeconomics of ‘Soft’ Growth

      • Jean-Paul Fitoussi
      Pages 215-254

  5. Back Matter

    Pages 255-271
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Editors and Affiliations

  • University of Trento, Italy

    Axel Leijonhufvud

About the editor

JACQUES DRÈZE CORE, Catholic University of Louvain, Belgium JEAN-PAUL FITOUSSI Institut d'Études Politiques de Paris, France JEAN-LUC GAFFARD University of Nice Sophia-Antipolis, France JEAN-MICHEL GRANDMONT CREST, Centre National de la Recherche Scientifique, Paris, France SEPPO HONKAPOHJA University of Helsinki, Finland LARS JONUNG Stockholm School of Economics, Sweden DAVID LAIDLER University of Western Ontario, Canada ROBERT LUCAS University of Chicago, USA RAMON MARIMON European University Institute, Florence, Italy JACQUES MÉLITZ Centre de Recherche en Economie et Statistique, Paris, France HERACLES POLEMARCHAKIS Catholic University of Louvain, Belgium PIER LUIGI SACCO University of Bologna, Italy HANS-WERNER SINN University of München, Germany ERICH STREISSLER Institut für Wirtschaftwissenschaft, Universität, Austria JUAN URRUTIA Universidad Carlos III, Madrid, Spain ALBERT WOJNILOWER The Clipper Group, New York, USA

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