Search results

{{Short description|Monetary economics equation}} ...f the price level and real income), <math>P \cdot Y</math>). The Cambridge economists also thought wealth would play a role, but wealth is often omitted from the ...

...ion]] is harmless, desirable or even advantageous. Similarly, inflationist economists advocate for an inflationist policy. ...epted within the economics community, and is often conflated with [[Modern Monetary Theory]], which uses similar arguments, especially in relation to [[chartal ...

...problem and is the most appealing element of using Euler equations to some economists.<ref>{{cite journal|last1=Attanasio|first1=Orazio|last2=Low|first2=Hamish|t ...Euler equations to model consumption in the [[United States]] has led some economists to reject the random walk hypothesis.<ref>{{cite journal| last=Jaeger|first ...

{{short description|Unit of measurement for monetary quantities}} The '''wage unit''' is a unit of measurement for [[money|monetary]] quantities introduced by [[John Maynard Keynes|Keynes]] in his 1936 book ...

...dity flows and the fragility of business enterprises |journal=[[Journal of Monetary Economics]] |volume=50 |issue=6 |pages=1215–1241 |doi=10.1016/S0304-3932(03 ...st2=Randall |last2=Wright |year=1993 |title=A search-theoretic approach to monetary economics |journal=[[American Economic Review]] |volume=83 |issue=1 |pages= ...

...economists have added to and strengthened the idea with evidence, but many economists are still skeptical of the theory. Barro and subsequent economists have provided historical evidence to support this claim. Using this evidenc ...

...>{{cite journal |last=Friedman |first=Milton |year=1968 |title=The Role of Monetary Policy |journal=[[American Economic Review]] |volume=58 |issue=1 |pages=1–1 ...er Series |doi=10.3386/w27193 |last2=Summers |first2=Lawrence H.}}</ref> [[Monetary policy]] conducted under the assumption of a NAIRU typically involves allow ...

...' Jena: Gustav Fischer.</ref> and the [[Stockholm school]], which included economists [[Erik Lindahl]] and [[Gunnar Myrdal]].<ref>{{cite journal|last=Ohlin|first ...level in order to obtain monetary variables, because credit comes also in monetary terms. ...

...edrich Hayek]] argued in favor of the stabilization of nominal income as a monetary policy norm as early as 1931 and as late as 1975.<ref>{{cite book|first=Fri ...e wake of the [[2008 financial crisis|2008 financial crash]] by a group of economists (most notably [[Scott Sumner]]) whose views came to be known as [[market mo ...

...ef>), was the exchange of viewpoints about the comparative efficiency of [[monetary policies]] and [[fiscal policies]] that originated with a work<ref name=ori ...Fuller|first1=Dan|last2=Geide-Stevenson|first2=Doris|title=Consensus Among Economists – An Update|year=2014|journal=[[Journal of Economic Education|The Journal o ...

...rohoroglu-palgrave.pdf }}</ref> and as a result the focus of both academic economists and policy makers on economic [[stabilization policy]] rather than on long However, Lucas' conclusion is controversial. In particular, [[Keynesian]] economists typically argue that business cycles should not be understood as fluctuatio ...

...x{RawScope}=\left(\tfrac{\hbox{Victims}}{\hbox{Population}} + \tfrac{\hbox{Monetary Losses}}{\hbox{GNP}}\right)^W</math> :<math>W=\left( \tfrac{\ln(\hbox{Victims})}{\ln(\hbox{Monetary Losses})} \right)^\beta</math> ...

...of Employment, Interest and Money]]''. Keynes, contrary to the mainstream economists of his time, argued that capitalist economies were not inherently self-corr Keynes summarizes the view of classical economists that the economy should be self-adjusting if wages are fluid, and that they ...

...umption-based poverty measures, seeking to capture the deprivations in non-monetary factors that contribute towards well-being. While there is a standard set o ...ter How We Assess Standard of Living? Evidence from Indian Slums Comparing Monetary and Multidimensional Approaches|journal=Social Indicators Research|volume=1 ...

...eginners_Guide">[https://www.bloomberg.com/news/features/2019-03-21/modern-monetary-theory-beginner-s-guide Bloomberg-Coy, Dmitrieva & Boesler-A Beginner's Gui ...to support macroeconomic modelling and by [[Modern Monetary Theory|Modern Monetary Theorists]] to illustrate the relationship between government budget defici ...

...e of its liabilities or promised expenditures. There is no consensus among economists on a precise operational definition for fiscal sustainability, rather diffe There is no consensus among economists about the correct criterion/definition to be used for fiscal sustainability ...

...545855721472 |date= Dec 19, 2017 |title=Slate has reposted my old piece on monetary economics as illustrated by the Capitol Hill Babysitting Co-op (which is st ...es/M&B/Sweeney%20&%20Sweeney.pdf|author=Sweeney, Joan and Richard J.|title=Monetary Theory and the Great Capitol Hill Baby Sitting Co-op Crisis|access-date=Aug ...

...als largely outside the analysis, the modern approach, developed mainly by economists, has been based on the analysis of the constraints facing the actions of th ...uence of technology on rights and safeguards, and the views of the Radical Economists,<ref name="Braverman">Braverman H (1974) Labor and monopoly capital: The de ...

...r example, uses the CPI, and special aggregates of the CPI, to monitor its monetary policies. ...he [[Bank of England]], whose [[Monetary Policy Committee (United Kingdom)|Monetary Policy Committee]] now sets rates on the basis of an inflation target set b ...

"Many economists will feel that we are assuming far too much ... Have we not shown too much? ...s leads to a quantitative theory of [[risk aversion#Absolute risk aversion|monetary risk aversion.]] ...