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Money and the Economy

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Author Info

  • Brunner,Karl
  • Meltzer,Allan H.

Abstract

This volume offers a unique perspective on a key issue of monetary economics: the effect of money on output. Karl Brunner and Allan Meltzer address the theoretical aspects of this issue with the purpose of understanding their policy implications. They offer an historical and at times provocative overview on the relationship between money and output, and go on to present their well-known model of a monetary economy, before examining the real sector. Throughout the volume, their views are confronted with competing explanations in order to highlight differences. The monetarist flavour of the volume emerges most clearly in frequent arguments pointing to the relative stability of the private sector.

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Bibliographic Info

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This book is provided by Cambridge University Press in its series Cambridge Books with number 9780521599740 and published in 1997.

Order: http://www.cambridge.org/uk/catalogue/catalogue.asp?isbn=9780521599740
Handle: RePEc:cup:cbooks:9780521599740

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Web page: http://www.cambridge.org

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Cited by:
  1. Bennett T. McCallum & Edward Nelson, 2006. "Monetary and fiscal theories of the price level: the irreconcilable differences," Working Papers 2006-010, Federal Reserve Bank of St. Louis.
  2. Axel Dreher, 2008. "IMF Conditionality: Theory and Evidence," KOF Working papers 08-188, KOF Swiss Economic Institute, ETH Zurich.
  3. Mervyn King, 1996. "How should central banks reduce inflation? conceptual issues," Proceedings - Economic Policy Symposium - Jackson Hole, Federal Reserve Bank of Kansas City, pages 53-91.
  4. BLOISE, Gaetano & MAGRIS, Francesco, 2000. "Sunspot equilibria in a monetary economy with capital accumulation," CORE Discussion Papers 2000040, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).

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