UID:
almahu_9949384183902882
Umfang:
1 online resource (ix, 162 pages) :
,
illustrations.
ISBN:
9780429023644
,
0429023642
,
9780429657283
,
0429657285
,
9780429659720
,
0429659725
,
9780429654848
,
0429654847
Serie:
Routledge international studies in money and banking ; 101
Inhalt:
Who would disagree that money matters? Economists have yet to sufficiently explore issues related to monetary inflation in relation to the Cantillon effect, i.e. distribution and price effects resulting from uneven changes in the money supply and their impact on the economy. This book fills this important gap in the existing literature. The author classifies the various channels through which new money can be injected into the economy and demonstrates that it is not only the increase in money supply that is important, but also the way in which it occurs. Since the increase in money supply does not affect the cash balance of all economic entities in the same proportion and at the same time - new money is introduced into the economy through specific channels - a distribution of income and changes in the structure of relative prices and production occur. The study of money supply growth, carried out in the spirit of Richard Cantillon, offers an important analytical framework that facilitates the development of a number of sub-disciplines within economics and provides a better understanding of many economic processes. It significantly explores the theory of money and inflation, the business cycle and price bubbles, but also the theory of banking and central banking, income distribution, income and wealth inequalities, and the theory of public choice. This book is therefore an important voice in the fundamental debate on the role of monetary factors in the economy, as well as on the effects and legitimacy of a loose monetary policy. In 2017, the doctoral dissertation on which the book is based was awarded the Polish Prime Minister's prize. In these times of non-standard monetary policy and rising income inequalities in OECD countries, the focus on the distribution effect of monetary inflation makes this a must read for researchers and policy-makers and for anyone working in monetary economics. This title was translated from Polish by Martin Turnau.
Anmerkung:
Introduction -- Neutrality of money -- The theory of the Cantillion effect -- The Cantillon effect in the history of economic thought -- Classification of the Cantillon effect -- The Cantillon effect and credit expansion -- The Cantillon effect and the secondary characteristics of the business cycle -- The Cantillon effect and price bubbles -- The Cantillon effect and inequalities in income and wealth -- The international Cantillon effect.
Weitere Ausg.:
Print version: Money, inflation and business cycles London ; New York : Routledge, Taylor & Francis Group 2019. ISBN 9780367086657 (hardback)
Sprache:
Englisch
Schlagwort(e):
Electronic books.
;
Electronic books.
DOI:
10.4324/9780429023644
URL:
https://www.taylorfrancis.com/books/9780429023644
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