登入選單
返回Google圖書搜尋
Monetary Economics
Wynne GodleyMarc Lavoie
其他書名
An Integrated Approach to Credit, Money, Income, Production and Wealth
出版Palgrave Macmillan, 2007
主題Business & Economics / EconometricsBusiness & Economics / Finance / GeneralBusiness & Economics / Economics / MacroeconomicsBusiness & Economics / Money & Monetary PolicyBusiness & Economics / Economics / General
ISBN02305005529780230500556
URLhttp://books.google.com.hk/books?id=nLaaAAAAIAAJ&hl=&source=gbs_api
註釋This book challenges the mainstream paradigm, which is based on the inter-temporal optimisation of welfare by individual agents. It introduces a new methodology for studying how it is institutions which create flows of income, expenditure and production together with stocks of assets (including money) and liabilities, thereby determining how whole economies evolve through time. Starting with extremely simple stock flow consistent (SFC) models, the text describes a succession of increasingly complex models. Solutions of these models are used to illustrate ways in which whole economies evolve when shocked in various ways. Readers will be able to download all the models and explore their properties for themselves. A major conclusion is that economies require management via fiscal and monetary policy if full employment without inflation is to be achieved.