| ISBN: | 9780226773681 |
|---|
| ISBN: | 022677368X |
| 编目源: | ICU/DLC DLC OCLCO OCLCA OCLCF OCLCO UKMGB TOH OCLCO ERASA YDX OCLCO DNU |
| 地理区域代码: | n-us--- |
| 个人名称: | Sumner, Scott,1955- |
| 题名: | The money illusion : market monetarism, the Great Recession, and the future of monetary policy / Scott Sumner |
| 索书号: | F827.120/S956E |
| 载体形态: | ix, 404 pages ; 24 cm |
| 书目附注: | Includes bibliographical references and index |
| 格式化内容附注: | Introduction: The real problem was nominal -- The value of money. Cognitive illusions in economics ; The value of money and money illusion ; What determines the value of money? ; The quantity theory of money and the Great Inflation ; Money at the extremes: hyperinflation and deflation ; It's (almost) all about expectations -- The dance of the dollar. The Great Depression and the AS-AD model ; One derivative beyond Hume ; Rational expectations and efficient markets -- Never reason from a price change. The musical-chairs model ; What is monetary policy? ; Nominal and real exchange rates -- How to think about macroeconomics. The path to market monetarism ; I see dead patterns ; Good economists don't forecast, they infer market forecasts ; The secret history of monetary policy -- The Great Recession. Fed policy in 2008: a case of self-induced paralysis? ; A confession of contractionary effect ; Schadenfreude on the Titanic ; Alternative explanations of the Great Recession -- What does it all mean? Policy implications of market monetarism ; Why should you believe in market monetarism |