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Monetary economics : an integrated approach to credit, money, income, production and wealth / Wynne Godley and Marc Lavoie.

By: Contributor(s): Material type: TextTextPublication details: Basingstoke : Palgrave Macmillan, 2007.Description: xliii, 530 p. : ill. ; 23 cmISBN:
  • 9780230500556 (hbk.) :
  • 0230500552
Subject(s): DDC classification:
  • 332.4 GOD
LOC classification:
  • HG221 .G57 2007
Contents:
1.Introduction -- 2.Balance sheets, transaction matrices and the monetary circuit -- 3.The simplest model with government money -- 4.Government money with portfolio choice -- 5.Long-term bonds, capital gains and liquidity preference -- 6.Introducing the open economy -- 7.A simple model with private bank money --- 8.Time, inventories, profits and pricing -- 9.A model with private bank money, inventories and inflation -- 10.A model with both inside and outside money -- 11.A growth model prototype -- 12.A more advanced open economy model -- 13.General conclusion.
Summary: 'Monetary Economics' introduces a new methodology for studying how it is institutions which create flows of income, expenditure and production together with stocks of assets and liabilities, thereby determining how whole economies evolve through time.
Holdings
Item type Current library Call number Copy number Status Date due Barcode
Long Loan TUS: Midlands, Main Library Athlone General Lending 332.4 GOD (Browse shelf(Opens below)) 1 Available 00212354

Includes bibliographical references (p. 501-513) and index.

1.Introduction -- 2.Balance sheets, transaction matrices and the monetary circuit -- 3.The simplest model with government money -- 4.Government money with portfolio choice -- 5.Long-term bonds, capital gains and liquidity preference -- 6.Introducing the open economy -- 7.A simple model with private bank money --- 8.Time, inventories, profits and pricing -- 9.A model with private bank money, inventories and inflation -- 10.A model with both inside and outside money -- 11.A growth model prototype -- 12.A more advanced open economy model -- 13.General conclusion.

'Monetary Economics' introduces a new methodology for studying how it is institutions which create flows of income, expenditure and production together with stocks of assets and liabilities, thereby determining how whole economies evolve through time.

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