Money, Banking, and the Business Cycle
ISBN:
9781349464937
Auflage:
1st ed. 2014
Verlag:
Palgrave Macmillan, Palgrave Macmillan US
Land des Verlags:
Vereinigte Staaten
Erscheinungsdatum:
02.07.2014
Format:
Softcover
Seitenanzahl:
306
Lieferung in 5-10 Werktagen
Versandkostenfrei ab 40 Euro in Österreich
The business cycle is a complex phenomenon. On the surface, it involves a multitude of mechanisms, such as oscillations in interest rates, prices, wages, unemployment, output, and spending. But a deeper understanding requires a unifying theory to make these various parts whole. Money, Banking, and the Business Cycle provides a comprehensive framework for analyzing these mechanisms, and offers a robust prescription for reducing financial instability over the long-term. Volume II refutes Keynesian and real business cycle theories and provides policy prescriptions to virtually eliminate the cycle. Simpson offers a detailed analysis of several historical monetary systems around the world and shows the causes and effects of fiat money and fractional-reserve banking, as well as a 100-percent reserve gold standard.
Schlagwörter
Biografische Anmerkung
Brian P. Simpson is Professor and Economist at National University, USA.
