Money, Banking and Inflation

"Money, Banking and Inflation" focuses on such traditional central banking concerns as money stock control, price level stabilization, interest rates smoothing, exchange rate targeting, lender-of-last-resort responsibilities, limitations imposed by short-run tradeoffs and non-neutralities, and appropriate responses to supply shocks. Virtually all the essays take an historical-doctrinal perspective which, besides showing how these theories developed over time, allows them to be ranked according to their effectiveness in monetary controversies old and new.

ISBN	1852789417	DEWEY edition	DC12A
ISBN13	9781852789411 (What's this?)	Pages	464
Publisher	Edward Elgar Publishing Ltd	Volumes	001
Imprint	Edward Elgar Publishing Ltd	Weight (grammes)	978
Format	Hardback	Published in	Cheltenham
Publication date	18 Nov 1993	Height (mm)	240
Library of Congress	HG220.A2H8	Width (mm)	178
DEWEY	332.4	Academic level	Undergraduate, Postgraduate, Professional / Scholarly

		Acknowledgements
		Preface
		The Theory of Multiple Expansion of Deposits: What It Is and Whence It Came		3
		Lender of Last Resort: The Concept in History		12
		The Real Bills Doctrine		21
		Can the Central Bank Peg Real Interest Rates? A Survey of Classical and Neoclassical Opinion		35
		Cumulative Process Models from Thornton to Wicksell		45
		The Interest Cost-Push Controversy		58
		The Early History of the Real/Nominal Interest Rate Relationship		66
		The Quantity Theory of Money: Its Historical Evolution and Role in Policy Debates		77
		Algebraic Quantity Equations Before Fisher and Pigou		95
		Role of Non-Chicago Economists in the Evolution of the Quantity Theory in America 1930-1950		105
		Empirical Tests of the Quantity Theory of Money in the United States, 1900-1930		112
		Kaldor Versus Friedman in Historical Perspective		144
		Some Current Controversies in the Theory of Inflation		161
		Eliminating Runaway Inflation: Lessons from the German Hyperinflation		173
		Precursors of the P-Star Model		178
		Keynes on Inflation		185
		On Cost-Push Theories of Inflation in the Pre-War Monetary Literature		196
		The Evolution and Policy Implications of Phillips Curve Analysis		205
		Some Recent Developments in Phillips Curve Analysis		225
		The Early History of the Phillips Curve		234
		Of Hume, Thornton, the Quantity Theory, and the Phillips Curve		242
		Nonneutrality of Money in Classical Monetary Thought		251
		Ricardo Versus Thornton on the Appropriate Monetary Response to Supply Shocks		264
		More...

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Essays in the History of Monetary Thought

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