First principles

five keys to restoring America's prosperity

America s economic future is uncertain. Mired in a long crippling economic slump and hamstrung by bitter partisan debate over the growing debt and the role of government, the nation faces substantial challenges, exacerbated by a dearth of vision and common sense among its leaders ...

Economía monetaria

Una revolución contra la teoría económica superficial con el rigor de los modelos de stock-flujo

Economía monetaria es la traducción de la obra maestra de los economistas Wynne Godley y Marc Lavoie, Monetary Economics. En realidad, no sólo es una traducción, es una edición resumida y arreglada dedicada fundamentalmente a estudiantes de licenciatura y de posgrado. En ella, se explica ...

Monetary policy

Designed for advanced undergraduates in economics, this new text provides an up-to-date analysis of the practice and theory of monetary policy and discusses key models that tie in with contemporary research and policy. The transmission mechanism of monetary policy is given particular emphasis and the ...

Modern money theory

a primer on macroeconomics for sovereign monetary systems

In recent years a new approach to macroeconomics has been developed that challenges conventional wisdom and uncovers how money 'works' in the modern economy. This book synthesises the key principles of Modern Money Theory, exploring macro accounting, currency regimes and exchange rates in both the ...

Efectos del stock de capital en la producción y el empleo de la economía española

I. Índice II. Abreviaturas III. Índice de gráficos IV. Índice de ecuaciones V. Índice de tablas VI. Introducción VII. CAPÍTULO 1. Breve revisión crítica de la literatura VIII. CAPÍTULO 2. Marco de referencia conceptual IX. CAPÍTULO 3. Análisis estadísticos previos: datos y modelos univariantes X ...

Paper promises

money, debt and the new world order

The world is drowning in debt, in paper promises. Can we stay afloat? In his masterful new book, Philip Coggan shows how the current financial crisis has very deep roots indeed - in the very nature of money itself. Societies from ancient Greece to revolutionary France ...

Money, payments, and liquidity

In Money, Payments, and Liquidity, Ed Nosal and Guillaume Rocheteau provide a comprehensive investigation into the economics of money and payments by explicitly modeling trading frictions between agents. Adopting the search-theoretic approach pioneered by Nobuhiro Kiyotaki and Randall Wright, Nosal and Rocheteau provide a logically ...

¡Frenad el desastre del Euro!

Llegados al punto más grave de la crisis que asola Europa, cabe hacerse la gran pregunta: ¿Qué sentido tiene seguir adelante con el euro? O más importante aún; visto adonde nos ha llevado la moneda única, ¿qué interés existe en mantenerla? ¿Quiénes son los grandes ...

Política monetaria

fundamentos y estrategias

Esta obra es la consecuencia de la evolución habida a lo largo de veinte años de una primera edición de la que se denominó Teoría y Política Monetaria. La grave crisis financiera que padecemos y que tuvo como punto de partida la histeria bursátil colectiva ...

La libertad de emisión del dinero bancario

crítica del monopolio del Banco Emisor Central

Los banqueros, los políticos y la mayoría de los economistas están convencidos de que nuestros sistemas bancarios no podrían funcionar sin una autoridad central que regule la cantidad de dinero y del crédito de la economía. Pero el autor de esta obra cuestiona esta pretensión ...

¿Qué está pasando?

La economía mundial se ha vuelto a tambalear durante el verano de 2011 por una nueva sacudida de los mercados que ha sorprendido a Europa y a EEUU, todavía en plena convalecencia tras el batacazo de 2008. La nueva sacudida puede condenar a EEUU a ...

The Euro

the battle for the new global currency

This book takes a look at the tumultuous history of the Euro, its status in global economics and politics, and the pressures that present enormous challenges for the Euro's future. This new edition has been fully updated to cover the dramatic events of 2010-2011 ...

The new gold standard

rediscovering the power of gold to protect and grow wealth

The guide to returning to a gold standard All that glitters is gold and gold has never glittered so much as it has in the last decade, reaching staggering new prices in recent years. The definitive modern argument to returning to a gold standard, The ...

Monetary theory and policy

A new edition of the leading text in monetary economics, a comprehensive treatment revised and enhanced with new material reflecting recent advances in the field.

A history of the Federal Reserve.Vol.2

book 2, 1970-1986

Allan H. Meltzer's critically acclaimed history of the Federal Reserve is the most ambitious, most intensive, and most revealing investigation of the subject ever conducted. Its first volume, published to widespread critical acclaim in 2003, spanned the period from the institution's founding in ...

Monetary Macrodynamics

Aut. Toichiro Asada...[et al]. CONTENTS: 1 Models of growth, inflation and the real-financial market interaction 2 Neglected textbook results : IS-LM-PC inflation dynamics 3 Strange AS-AD outcomes : rational expectations inflation theory 4 Taking stock : Keynesian dynamics and the AD-AS framework 5 New Keynesian equilibrium vs ...

The Euro

the first decade

Eds. Marco Buti...[et al]. CONTENTS: List of figures List of tables List of boxes List of contributors Foreword by Joaquin Almunia Ch. 1 The euro: the first decade and beyond by Marco Buti and Servaas Deroose and Vitor Gaspar and Joao Nogueira Martins Pt ...

Wall Street revalued

imperfect markets an inept central bankers

Andrew Smithers, one of the world's foremost economists, showed that at its peak in 2000 the US stock market was wildly over-priced and argued that central bankers should adjust their policies to prevent asset bubbles. But the Federal Reserve claimed that assets could not ...

Capital ideas

the IMF and the rise of financial liberalization

The right of governments to employ capital controls has always been the official orthodoxy of the International Monetary Fund, and the organization's formal rules providing this right have not changed significantly since the IMF was founded in 1945. But informally, among the staff inside ...

Federal Banking in Brazil

policies and competitive advantages

This study is the first in a decade to provide an overview of banking in Brazil. It is argued that the big three federal banks have long provided essential policy alternatives and, since the liberalization of the industry in the 1990s, have realized competitive advantages ...