A New Program for More Monetary Stability

1972 ◽  
Vol 80 (1) ◽  
pp. 171-175 ◽  
Author(s):  
Thomas Havrilesky
Keyword(s):  
Monetary Stability

Monetary Stability. J. R. Bellerby

1926 ◽  
Vol 34 (5) ◽  
pp. 663-665 ◽  
Author(s):  
C. A. Curtis
Keyword(s):  
Monetary Stability

scholarly journals Monetary Stability and Liquidity Crises: The Role of the Lender of Last Resort

2001 ◽  
Vol 99 (1-2) ◽  
pp. 187-219 ◽  
Author(s):  
Gaetano Antinolfi ◽  
Elisabeth Huybens ◽  
Todd Keister
Keyword(s):  
Lender Of Last Resort ◽  
Monetary Stability ◽  
Liquidity Crises

scholarly journals Public Debt and Monetary Stability

2015 ◽  
Vol 43 (1) ◽  
pp. 1-4
Author(s):  
Gordon L. Brady
Keyword(s):  
Public Debt ◽  
Monetary Stability

Money as meta-rule: Buchanan’s constitutional economics as a foundation for monetary stability

Public Choice ◽  
2018 ◽  
Vol 176 (3-4) ◽  
pp. 529-555
Author(s):  
Peter J. Boettke ◽  
Alexander W. Salter ◽  
Daniel J. Smith
Keyword(s):  
Constitutional Economics ◽  
Monetary Stability

scholarly journals 100 Years since the Birth of Milton Friedman

2012 ◽  
Vol 12 (3) ◽  
pp. 185-203
Author(s):  
Marek Loužek
Keyword(s):  
The United States ◽  
Stabilization Policy ◽  
Price Theory ◽  
Consumption Function ◽  
American Economic Association ◽  
Monetary Stability ◽  
Milton Friedman ◽  
Economic Association ◽  
History Of ◽  
Positive Economics

Abstract The paper deals with the economic theory of Milton Friedman. Its first part outlines the life of Milton Friedman. The second part examines his economic theories - “Essays in Positive Economics” (1953), “Studies in the Quantity Theory of Money“ (1956), “A Theory of the Consumption Function” (1957), “A Program for Monetary Stability” (1959), “A Monetary History of the United States 1897 to 1960” (1963), and “Price Theory” (1976). His Nobel Prize lecture and American Economic Association lecture in 1967 are discussed, too. The third part analyzes Friedman’s methodology. Milton Friedman was the most influential economist of the second half of the 20th century. He is best known for his theoretical and empirical research, especially consumption analysis, monetary history and theory, and for his demonstration of the complexity of stabilization policy.

Monetary and Financial Stability

2013 ◽  
Author(s):  
Brigitte Granville
Keyword(s):  
Financial Stability ◽  
The Other ◽  
Necessary Condition ◽  
Financial Instability ◽  
Information Flows ◽  
Asset Bubbles ◽  
Root Cause ◽  
Monetary Stability ◽  
Long Run ◽  
The Mean

This chapter examines the relation between monetary and financial stability, looking at possible chains of cause and effect running in both directions between them—from the possibility that an unexpected tightening of monetary policy increases the mean probability of financial system distress, to the general risk of monetary stability being undermined by financial instability. The idea that monetary stability encourages financial instability is controversial. Inflation is often the root cause of financial instability by distorting information flows between lenders and borrowers, leading to asset bubbles and over investment. Most empirical evidence tends to support the view that monetary stability should promote financial stability in the long run and not the other way around. But while monetary stability is a necessary condition for financial stability, it is not a sufficient one. In other words, financial instability can still occur even with the inflation rate under control.

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