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Business Cycles and Equilibrium, Updated Edition

ISBN: 978-0-470-49917-7
Hardcover
224 pages
November 2009
List Price: US $49.95
Government Price: US $25.47
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Business Cycles and Equilibrium, Updated Edition (0470499176) cover image
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Foreword v

Introduction xxi

Chapter 1: Banking and Interest Rates in a World Without Money: The Effects of Uncontrolled Banking 1

Chapter 2: Active and Passive Monetary Policy in a Neoclassical Model 23

Chapter 3: Rational Economic Behavior and the Balance of Payments 43

Chapter 4: Uniqueness of the Price Level in Monetary Growth Models with Rational Expectations 65

Chapter 5: Purchasing Power Parity in an Equilibrium Model 81

Chapter 6: Ups and Downs in Human Capital and Business 85

Chapter 7: How Passive Monetary Policy Might Work 91

Chapter 8: What a Non-Monetarist Thinks 99

Chapter 9: Global Monetarism in a World of National Currencies 107

Chapter 10: The ABCs of Business Cycles 117

Chapter 11: A Gold Standard with Double Feedback and Near Zero Reserves 129

Chapter 12: The Trouble with Econometric Models 135

Chapter 13: General Equilibrium and Business Cycles 153

Chapter 14: Noise 169

Index 191

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