Titlebook: Inflation, Institutions and Information; Essays in Honour of Daniel Vaz (Professor of Economics),Kumaraswamy Ve Book 1996 Daniel Vaz and K

爱管闲事

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Opening Speechite of its depth and originality, quite clear. The real difficulty lies in pronouncing his name. One way of getting around this was hit on by Professor Robert Solow of MIT who, when asked how to say the economist’s name said, ‘That’s simple, it’s pronounced Axel.’ Others have resorted to the English

飓风

Co-ordinating the Not-Too-Rational: Leijonhufvud’s Macroeconomic Methodologiesonomics were defined and delineated by his work. However, almost immediately after his ., he began introducing a series of conceptual innovations as desiderata in the formalisms of market dynamics, monetary regimes, macrodynamics, rational behaviour, consumer theory, production theory and also doctr

原来

Cash in Advance, Microfoundations in Retreatthe analytical tools of the ., simultaneously it abandoned many of its central economic ideas. Thus Keynes’ theory, which began as an attack on conventional ways of thinking, was turned into a special case of conventional equilibrium analysis. The proposition of ‘classical’ economics to which Keynes

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Monetary Regimes, Inflation and Monetary Reform:netary regimes are important because they determine whether countries follow stable or unstable monetary policies and hence have stable or inflationary price levels. Each monetary regime is associated with a given set of inflationary expectations of the private sector and a pattern of policy reactio

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Evidence on Stabilising Speculation: Leijonhufvud on Keynesreal shocks to aggregate demand to movements in real variables by not allowing ‘the’ (real) interest rate to adjust to its new long-run equilibrium value.. A fall in the investment schedule, accompanied by a fall in the business sector’s excess supply of bonds, puts upward pressure on bond prices (d

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Reservation

Information and Co-ordination: A View from the Southr: he transmits an attitude towards economic research. Both in writing and in conversation he makes one well aware that economists must remain curious and prepared for constructive puzzlement. Leijonhufvud has made it clear that the search for precise arguments can, and should, be combined with an o

Implicit