The demand for money

theoretical and empirical approach

This book provides an account of the existing literature on the demand for money. It shows how the money demand function fits into static and dynamic macroeconomic analyses and discusses the problem of the definition (aggregation) of money. Professor Serletis takes a microeconomic- and aggregation-theoretic ...

Regaining Europe

an Economic Agenda for the 21st Century

The international economist Professor George Irvin argues that if the Euro is to survive, it needs to be run in a more sophisticated and flexible manner. Irvin believes that when the governing structures of the Euro were set up in the early 1990s, European governments ...

The role of policymakers in business cycle fluctuations

The book's central theme is that a policymaker's role is to enhance the public's ability to co-ordinate their price information, price expectations, and economic activities. This role is fulfilled when policymakers maintain inflation stability. Inflation persists less when an implicit or explicit ...

La Banca Centrale Europea

Nata nel 1998, dopo un lungo lavoro di preparazione e sancita formalmente nel Trattato di Maastricht, la Banca centrale europea è un organo indipendente e sovranazionale che ha lo straordinario potere di creare moneta e stabilire il tasso al quale questa viene data e presa ...

Monetary and wage policies in the Euro area

This book studies the interactions between monetary and wage policies in the euro area. It carefully discusses the process of policy competition and the structure of policy cooperation. As to policy competition, the focus is on competition between the European central bank, the American central ...

A handbook of alternative monetary economics

This major new Handbook consists of over 30 major contributions that explore the full range of exciting and interesting work on money and finance, currently taking place within heterodox economics. There are many themes and facets of alternative monetary and financial economics but two major ...

New trends in macroeconomics

"This volume does exactly what its title says: it acquaints with 'New Trends in Macroeconomics'. More specifically, it contains eleven chapters covering different aspects of modern macroeconomics: short-run fluctuations, long-run growth, monetary economics, international finance, macroeconometrics and complex dynamics. All chapters break new grounds in ...

La lunga via per l'euro

L'économie postkeynésienne

Unión monetaria europea y disparidades regionales en España

Credit, intermediation, and the macroeconomy

readings and perspectives in modern financial theory

This combination of explanatory discussion by leading financial economists and centrally important journal articles provides comprehensive and coherent coverage of the major issues in financial theory. It will help students to understand the functioning of the financial sector and the intermediary institutions that comprise it

The price of the Euro

This volume presents a critical examination of the EMU from different perspectives. It includes essays on the political economy of currency unions, on the Growth and Stability pact, the European Central Bank, an evaluation of the first four years of the EMU, and the costs ...

El consumo

Política monetaria

Vol I: Fundamentos y estrategias

ÍNDICE: Capítulo 1: La oferta monetaria, la demanda de dinero y los tipos de interés Capítulo 2: La política monetaria: contenido, estrategias y transmisión de sus efectos Capítulo 3: Eficacia y limitaciones de la política monetaria Capítulo 4: La política financiera Capítulo 5: La política ...

Asymmetric information in financial markets

introduction and applications

Asymmetric information (the fact that borrowers have better information than their lenders) and its theoretical and practical evidence now forms part of the basic tool kit of every financial economist. It is a phenomenon that has major implications for a number of economic and financial ...

Política monetaria

II: Enfoques alternativos

INDICE: 1.La teoría de la política monetaria y financiera (I): la teoría cuantitativa del dinero 2.La teoría de la política monetaria y financiera (II): el enfoque de J.M.Keynes 3.La teoría de la política monetaria y financiera (III): distintas corrientes keynesianas ...

Modeling pension system

The issue of unfunded public pension systems has moved to the centre of public debate all over the world. Unfortunately, a large part of the discussions have remained on a qualitative level. This book seeks to address this by providing detailed knowledge on modelling pension ...

Learning and expectations in macroeconomics

A crucial challenge for economists is figuring out how people interpret the world and form expectations that will likely influence their economic activity. Inflation, asset prices, exchange rates, investment, and consumption are just some of the economic variables that are largely explained by expectations. Here ...

¿En qué nos equivocamos?

del patrón oro a la integración con Europa

Obra que abarca casi 70 años de la historia económica reciente de Gran Bretaña -de 1925 a 1993- desde la perspectiva de un analista económico y actor de su tiempo. Roll, economista reconocido, se involucró en decisiones políticas y financieras de una Inglaterra que veía ...