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This work challenges traditional monetary theory by focusing on the role of banks and provides a new insight into the role played by bank money and capital accumulation. An international team of contributors reappraise analyses of the inflation and unemployment developed by Marshall, Keynes and Robertson. This volume is published in association with the Centre for the Study of Banking in Switzerland.

Effect of inflation on. --- Inflation (Finance). --- Unemployment. --- Unemployment - Effect of inflation on. --- AA / International- internationaal --- 333.842 --- 333.841 --- 333.845 --- 332.620 --- Deflatie. --- Inflatie. --- Stagflatie. --- Werkloosheid: algemeenheden. Philipscurve. --- Unemployment --- Inflation (Finance) and unemployment --- Stagflation --- Inflation (Finance) --- Stagnation (Economics) --- Effect of inflation on --- Werkloosheid: algemeenheden. Philipscurve --- Inflatie --- Deflatie --- Stagflatie

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The prevailing view among economists and policy makers is that money has no impact on production in a longer term characterised by full price and wage flexibility and rational expectations. This book presents a revisionist view of monetary policy and monetary regimes. It presents several new mechanisms, indicating that money affects long-term production. The consequent policy implications are also discussed, including: the uses of monetary policy and monetary regimes in achieving macroeconomic goals; the impact of an independent central bank; the effects of a movement from floating exchange rates to fixed exchange rates in a monetary union. In addition to the theoretical and policy discussions the book also contains a comprehensive survey of the current state of scholarship in this area. Designed as a textbook for advanced undergraduate and graduate students in macroeconomics, labour economics and finance, this book will also appeal to scholars and policy-makers.

Labour market --- Money. Monetary policy --- Unemployment --- Monetary policy --- Effect of inflation on --- Monetary policy. --- Unemployment. --- Business & Economics --- Labor & Workers' Economics --- Effect of inflation on. --- Business, Economy and Management --- Economics --- AA / International- internationaal --- 333.80 --- 333.846.0 --- Geld-, bank- en kredietpolitiek. Kapitaalmarkt en -rente: algemeenheden. --- Verband tussen het monetair, bank- en kredietbeleid en de economische ontwikkeling: algemeenheden. --- Monetary management --- Inflation (Finance) and unemployment --- Stagflation --- Economic policy --- Currency boards --- Money supply --- Inflation (Finance) --- Stagnation (Economics) --- Geld-, bank- en kredietpolitiek. Kapitaalmarkt en -rente: algemeenheden --- Verband tussen het monetair, bank- en kredietbeleid en de economische ontwikkeling: algemeenheden --- Unemployment - Effect of inflation on

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Business cycles --- Economic history --- Économie --- economics --- Croissance économique --- Economic growth --- economie --- conjoncture --- AA / International- internationaal --- 321.2 --- 331.31 --- 331.061 --- 331.01 --- 330.40 --- 330.52 --- politieke economie --- economische crisis --- Geschiedenis van het economisch en sociaal denken --- Evolution historique de la pensée économique et sociale: généralités --- History of the economic and social thinking --- 330.40 Geschiedenis van het economisch en sociaal denken --- 330.40 Evolution historique de la pensée économique et sociale: généralités --- 330.40 History of the economic and social thinking --- conjunctuur --- Economisch beleid van de overheid. --- Economisch beleid. --- Economische vooruitzichten. --- Evolutie van de economische cycli. --- Geschiedenis van het economisch en sociaal denken. --- Liberaal systeem. Neo-liberalisme. Theorie van de onderhandeling. --- 33 --- 338.97 --- Economic cycles --- Economic fluctuations --- Cycles --- Economisch beleid van de overheid --- Liberaal systeem. Neo-liberalisme. Theorie van de onderhandeling --- Evolutie van de economische cycli --- Economische vooruitzichten --- Economisch beleid --- Crises économiques. 1972 --- -Crises. 1972 --- -Crises économiques. 1972 --- -Business cycles --- -economics --- Economic history - 20th century --- Revolution neo-liberale --- Stagflation --- Pensee economique