Central banking in the modern world : alternative perspectives / edited by Marc Lavoie and Mario Seccareccia.

Contributor(s): Lavoie, M. (Marc) | Seccareccia, Mario Material type: Text

TextLanguage: English Publication details: Cheltenham, UK ; Northampton, MA, USA : Edward Elgar, 2005. Description: xiii, 296 p. ; 24 cmISBN: 1843766418; 9781843766414Subject(s): Banks and banking, Central | Monetary policy | Interest ratesDDC classification: 332.11 LOC classification: HG1811 | .C4583 2005Online resources: WorldCat details

Contents:

TOC Introduction / Marc Lavoie and Mario Seccareccia. PT.1: THE NEW CONSENSUS : The New Consensus on Monetary Policy Seen from a Post-Keynesian Perspective / Marc Lavoie -- Central Banking, Stability and Macroeconomic Outcomes: A Comparison of New Consensus and Post-Keynesian Monetary Macroeconomics / Mark Setterfield -- Interest Rate Operating Procedures and Income Distribution / John Smithin -- Monetary Policy when Money is Endogenous: Going Beyond the 'New Consensus' / Philip Arestis and Malcolm Sawyer. PT.2: TRANSMISSION MECHANISMS: Monetary Dialogue and Dogma in the Bank of Canada: Inside Evidence Revisited / Robin Rowley and Brenda Spotton Visano -- Interest Rate Policy at the Bank of Canada: Setting the Agenda / Marc-Andr Pigeon -- Modem Central Banks Only Have Real Effects / Thomas K. Rymes -- Central Banking in the Monetary Circuit / Louis-Philippe Rochon and Sergio Rossi -- Long-Term Interest Rates, Liquidity Preference and the Limits of Central Banking / Mario Seccareccia and Marc Lavoie -- The Role of Monetary Policy in Post-Keynesian Stock-Flow Consistent Macroeconomic Growth Models / Gennaro Zezza and Claudio H. Dos Santos. PT.3: HISTORICAL PERSPECTIVES: The Effectiveness of Monetary Policy in Open Economy Macroeconomics: Dornbusch versus Tobin / Thomas I. Palley -- Minsky and Tobin on the Instability of a Monetary Economy / Robert W. Dimand -- Considerations on Allan H. Meltzer's History of the Federal Reserve / Robert E. Prasch -- Central Banking in Early Industrialization / Jane Knodell.

Summary: Summary: "Contributors to the volume carefully examine the procedures pursued by central banks, the monetary policy transmission mechanisms suggested by central bankers themselves, and the assumptions imbedded in the New Consensus. They propose alternative analyses that clearly demonstrate the limits of modern central banking and point to the possible instability of monetary economies. Heterodox and orthodox monetary macroeconomists alike will find this illuminating book of great interest."--BOOK JACKET

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Holdings
Item type	Current library	Collection	Call number	Copy number	Status	Date due	Barcode	Item holds
Text	Dr. S. R. Lasker Library, EWU Reserve Section	Non-fiction	332.11 CEN 2004 (Browse shelf(Opens below))	C-1	Not For Loan		17622

Total holds: 0

Includes bibliographical references and indexes.

TOC Introduction / Marc Lavoie and Mario Seccareccia. PT.1: THE NEW CONSENSUS : The New Consensus on Monetary Policy Seen from a Post-Keynesian Perspective / Marc Lavoie --
Central Banking, Stability and Macroeconomic Outcomes: A Comparison of New Consensus and Post-Keynesian Monetary Macroeconomics / Mark Setterfield --
Interest Rate Operating Procedures and Income Distribution / John Smithin --
Monetary Policy when Money is Endogenous: Going Beyond the 'New Consensus' / Philip Arestis and Malcolm Sawyer. PT.2: TRANSMISSION MECHANISMS: Monetary Dialogue and Dogma in the Bank of Canada: Inside Evidence Revisited / Robin Rowley and Brenda Spotton Visano --
Interest Rate Policy at the Bank of Canada: Setting the Agenda / Marc-Andr Pigeon --
Modem Central Banks Only Have Real Effects / Thomas K. Rymes --
Central Banking in the Monetary Circuit / Louis-Philippe Rochon and Sergio Rossi --
Long-Term Interest Rates, Liquidity Preference and the Limits of Central Banking / Mario Seccareccia and Marc Lavoie --
The Role of Monetary Policy in Post-Keynesian Stock-Flow Consistent Macroeconomic Growth Models / Gennaro Zezza and Claudio H. Dos Santos. PT.3: HISTORICAL PERSPECTIVES: The Effectiveness of Monetary Policy in Open Economy Macroeconomics: Dornbusch versus Tobin / Thomas I. Palley --
Minsky and Tobin on the Instability of a Monetary Economy / Robert W. Dimand --
Considerations on Allan H. Meltzer's History of the Federal Reserve / Robert E. Prasch --
Central Banking in Early Industrialization / Jane Knodell.

Summary:
"Contributors to the volume carefully examine the procedures pursued by central banks, the monetary policy transmission mechanisms suggested by central bankers themselves, and the assumptions imbedded in the New Consensus. They propose alternative analyses that clearly demonstrate the limits of modern central banking and point to the possible instability of monetary economies. Heterodox and orthodox monetary macroeconomists alike will find this illuminating book of great interest."--BOOK JACKET

Sagar Shahanawaz

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