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By:Louis-Philippe Rochon,Matias Vernengo
Published on 2001-01-01 by Edward Elgar Publishing

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'This book should be on the reading list of every graduate course in monetary economics. The distinguished contributors not only examine and discuss the nature of money and the conduct of monetary policy in a modern credit economy, but also take an historical perspective through the writings of Cassel, Wicksell, Sraffa and Hicks, as well as Keynes and Kaldor, and extend the theory of money endogeneity (or |horizontalism|) to the open economy and economic growth. Interested readers have a feast before them.' - A.P. Thirlwall, University of Kent at Canterbury, UK The horizontalist perspective is an extension of the post-Keynesian approach, that has hitherto focused on a theory of credit and money. This book extends horizontalism beyond its traditional boundaries and makes it consistent with the post-Keynesian theories of output and the open economy. The authors compare and contrast the horizontalist position with various orthodox and non-orthodox views on money. They argue that horizontalism is perfectly compatible with liquidity preference, credit constraints, and a flexible interest-rate mark-up, and address recent developments in banking that reinforce the validity of a horizontal schedule of credit-money. The overall intention is to place horizontalism within the current heterodox tradition as a general theory of the creation of money that is consistent with the post-Keynesian view on macroeconomic policy.

This Book was ranked at 27 by Google Books for keyword Economy.

Book ID of Credit, Interest Rates and the Open Economy's Books is FJkY7eiFvdUC, Book which was written byLouis-Philippe Rochon,Matias Vernengohave ETAG "nBGQKP/We58"

Book which was published by Edward Elgar Publishing since 2001-01-01 have ISBNs, ISBN 13 Code is 9781782542827 and ISBN 10 Code is 1782542825

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Book which have "280 Pages" is Printed at BOOK under CategoryBusiness and Economics

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