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Money : in Disequilibrium - Douglas Gale


in Disequilibrium

Paperback Published: 20th May 1985
ISBN: 9780521269179
Number Of Pages: 382

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This 1983 book is a wide-ranging study of the macroeconomic side of monetary theory. Traditional macroeconomics uses simple, aggregative models to analyse monetary and fiscal policy. Gale argues that we cannot do without it but also that it rarely attains the standards of rigour required of modern theory. This book can be seen as an attempt to do it properly. The early chapters are critical and reconstructive. They take a fresh look at standard topics such as wealth effects, money and growth and the long-run effects of monetary and fiscal policy. Later chapters develop different themes. The questions raised are drawn from traditional macroeconomics but there are plenty of surprises. The conventional view is frequently turned on its head or shown to be unsatisfactory or not robust. This and other exciting ideas enliven a book which will continue to be of interest to students and theorists alike.

Disequilibrium Theory
Wealth Effects
Money and Growth
An Exact, Transaction-Cost-Based Model of a Monetary Economy
Investment and Saving
Expectations and the Crowding-Out Effect
Liquidity-Constrained Equilibria
Further Results on Liquidity-Constrained Equilibria
A 'Competitive' Theory of Unemployment
The Balance of Payments
Mathematical appendix; Bibliographical notes
Table of Contents provided by Publisher. All Rights Reserved.

ISBN: 9780521269179
ISBN-10: 0521269172
Series: Cambridge Dinosaur Information Books
Audience: Tertiary; University or College
Format: Paperback
Language: English
Number Of Pages: 382
Published: 20th May 1985
Country of Publication: GB
Dimensions (cm): 21.59 x 13.97  x 2.16
Weight (kg): 0.49

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