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Two Simplified Models To Explain Monetary Long Cycles Between About 1970 And 2060

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  • Philippe JOURDON

    (Université de Sciences Economiques de Montpellier I, Laboratoire Montpelliérain d’Economie Théorique et Appliquée, France)

Abstract

Money was, until Keynes and Friedman, the great absence in economic literature.After them, relations between money and long economic cycles have been in their turn absent in debate. Perhaps this conform an explanation for logical and chronological relations between business cycles and long cycles been scarcely explored. Notwithstanding, is in those three directions where a new monetary theory should be researched for. This ought to be a more dynamic one. Thus, we can propose as economic models Porter’s diamond, applied to money, and Monet value Chain. The aim is to reflect on a “social dimension for money” announcing than of monetary policy, and evoking meanwhile the rhythms followed by that perception and the means for managing it, along the long cycle. Still, it would mean bringing together macro economic model and strategic model, in a second step, in order to practically be more able to forecast and prevent conflicts, accumulate human capital, and allow a social project to emerge behind that sort of new long monetary cycle.

Suggested Citation

  • Philippe JOURDON, 2009. "Two Simplified Models To Explain Monetary Long Cycles Between About 1970 And 2060," Romanian Journal of Economics, Institute of National Economy, vol. 28(1(37)), pages 13-26, June.
  • Handle: RePEc:ine:journl:v:1:y:2009:i:37:p:13-26
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    More about this item

    Keywords

    model of monetary long cycles; institutional nature of money; Kondratieff cycles; diamond applied to money;
    All these keywords.

    JEL classification:

    • E1 - Macroeconomics and Monetary Economics - - General Aggregative Models
    • E6 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook
    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles

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