Modern monetary theory and European macroeconomics
著者
書誌事項
Modern monetary theory and European macroeconomics
(Routledge international studies in money and banking, 88)
Routledge, 2017
- : hbk
- : pbk
大学図書館所蔵 全16件
  青森
  岩手
  宮城
  秋田
  山形
  福島
  茨城
  栃木
  群馬
  埼玉
  千葉
  東京
  神奈川
  新潟
  富山
  石川
  福井
  山梨
  長野
  岐阜
  静岡
  愛知
  三重
  滋賀
  京都
  大阪
  兵庫
  奈良
  和歌山
  鳥取
  島根
  岡山
  広島
  山口
  徳島
  香川
  愛媛
  高知
  福岡
  佐賀
  長崎
  熊本
  大分
  宮崎
  鹿児島
  沖縄
  韓国
  中国
  タイ
  イギリス
  ドイツ
  スイス
  フランス
  ベルギー
  オランダ
  スウェーデン
  ノルウェー
  アメリカ
注記
Includes bibliographical references (p. [204]-205) and index
内容説明・目次
内容説明
This book provides a new methodological approach to money and macroeconomics. Realizing that the abstract equilibrium models lacked descriptions of fundamental issues of a modern monetary economy, the focus of this book lies on the (stylized) balance sheets of the main actors. Money, after all, is born on the balance sheets of the central bank or commercial bank. While households and firms hold accounts at banks with deposits, banks hold an account at the central bank where deposits are called reserves. The book aims to explain how the two monetary circuits - central bank deposits and bank deposits - are intertwined. It is also shown how government spending injects money into the economy.
Modern Monetary Theory and European Macroeconomics covers both the general case and then the Eurozone specifically. A very simple macroeconomic model follows which explains the major accounting identities of macroeconomics. Using this new methodology, the Eurozone crisis is examined from a fresh perspective. It turns out that not government debt but the stagnation of private sector debt was the major economic problem and that cuts in government spending worsened the economic situation. The concluding chapters discuss what a solution to the current problems of the Eurozone must look like, with scenarios that examine a future with and without a euro.
This book provides a detailed balance sheet view of monetary and fiscal operations, with a focus on the Eurozone economy. Students, policy-makers and financial market actors will learn to assess the institutional processes that underpin a modern monetary economy, in times of boom and in times of bust.
目次
Table of Contents
Introduction
Part I - Theoretical Foundations
Chapter 1. Substance and purposes of economic activity
Part II - Money and Credit
Chapter 2. Debts and balance sheets
Chapter 3. The creation of bank deposits (deposits)
Chapter 4. The creation of central bank deposits
Chapter 5. The instruments of a central bank (monetary policy)
Chapter 6. The creation of sovereign securities (fiscal policy)
Chapter 7. The sustainability of the financial system
Chapter 8. Inflation and deflation
Part III - Analysis
Chapter 9. A macroeconomic model
Chapter 10. Europe before the euro
Chapter 11. The situation with the euro
Part IV - Reform
Chapter 12. How do we restore demand?
Chapter 13. The future - with or without the euro?
Conclusion
Further readings
Index
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