Title: MODERN MONETARY MACROECONOMICS: A NEW
PARADIGM FOR ECONOMIC POLICY (NEW DIRECTIONS IN MODERN ECONOMICS)
Authors: Claude Gnos and Sergio Rossi
ISBN: 847200354 EAN: 9781847200358
Publisher: Edward Elgar Publishing
Price: N36,
500.00
Binding: Hardcover
Pub Date: January 30, 2013
Copyright Date: 2012
Subject Area: Business & Economics | Economics | Macroeconomics
Physical Info: 328 pages
Store: To obtain a copy, CLICK HERE, call
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BRIEF DESCRIPTION
This timely book uses cutting-edge research to analyse the
fundamental causes of economic and financial crises, and illustrates the
macroeconomic foundations required for future economic policymaking in order to
avoid these crises.
The expert contributors take a critical approach to monetary
analysis, providing elements for a new paradigm of economic policymaking at
both national and international levels. Major issues are explored, including:
inflation, capital accumulation, and involuntary unemployment, sovereign debts
and interest payment, and the euro-area crises.
Opening new lines of research in the economic and financial
crises, this book will prove a fascinating read for academics, students,
professionals and researchers in the field of economics. Monetary policymakers,
central bank officials and international financial organizations will also find
this book to be an invaluable resource.
Claude Gnos is a
Senior Research Associate in the center for monetary and financial studies at
the University of Burgundry, Dijon, France and in the International Economic
Policy Institute at Laurentian University, Canada.
Sergio Rossi is a
Full Professor of Economics at the University of Fribourg, Switzerland.
CONTENTS
Introduction - 1
Claude Gnos and Sergio Rossi
PART 1: A NEW
ANALYTICAL APPROACH
11. 19 - Relative prices are undermined are undermined by
a mathematical error
Bernard
Schmitt
22. 39 - Towards a macroeconomic approach to
macroeconomics -
Alvaro
Cencini
PART 2: DOMESTIC ISSUES
AND ECONOMIC POLICIES
33. 71 - Money, effective demand, and profits
Bernard
Schmitt
44. 100 - Labour, wages and non-wage incomes
Jean-Luc
Bailly
55. 134 -
Inflation and the circuit of income
Xavier
Bradley and Pierre Piegay
66. 166 - The unemployment issue
Claude
Gnos
77. 193 -
Is there a common sense to economic and
financial crises?
Alvaro
Cencini
PART 3: INTERNATIONAL
ISSUES AND ECONOMIC POLICES
88. 231 - The monetary-structural origin of TARGET2
imbalances across Euroland
Sergio
Rossi
99. 239 - Sovereign debt and interest payments
Bernard
Schmitt
110. 261 - World monetary disorders: the “mystery of the
missing surplus”
and of the “missing capital outflow”
Alvaro
Cincini and Mauro Citraro
