an integrated approach to credit, money, income, production and wealth /
First Statement of Responsibility
Wynne Godley and Marc Lavoie.
.PUBLICATION, DISTRIBUTION, ETC
Place of Publication, Distribution, etc.
New York :
Name of Publisher, Distributor, etc.
Palgrave Macmillan,
Date of Publication, Distribution, etc.
2007.
PHYSICAL DESCRIPTION
Specific Material Designation and Extent of Item
xliii, 530 pages :
Other Physical Details
illustrations ;
Dimensions
23 cm
INTERNAL BIBLIOGRAPHIES/INDEXES NOTE
Text of Note
Includes bibliographical references (pages 501-513) and index.
CONTENTS NOTE
Text of Note
Introduction -- Balance sheets, transaction matrices and the monetary circuit -- The simplest model with government money -- Government money with portfolio choice -- Long-term bonds, capital gains and liquidity preference -- Introducing the open economy -- A simple model with private bank money -- Time, inventories, profits and pricing -- A model with private bank money, inventories and inflation -- A model with both inside and outside money -- A growth model prototype -- A more advanced open economy model -- General conclusion.
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SUMMARY OR ABSTRACT
Text of Note
'Monetary Economics' introduces a new methodology for studying how it is institutions which create flows of income, expenditure and production together with stocks of assets and liabilities, thereby determining how whole economies evolve through time.