1st Edition

Money, Credit and Price Stability

By Paul Dalziel Copyright 2001
    by Routledge

    194 Pages
    by Routledge

    Beginning with the development of credit-money theory in the twentieth century, Paul Dalziel derives a model that explains how interest rates are used by authorities to maintain price stability. His conclusions suggest ways in which the current policy framework can be improved to promote growth, without sacrificing that stability.

    Foreword G.C. Harcourt Chapter 1. The quest for price stability Chapter 2. What is money? Chapter 3. Credit-money and inflation Chapter 4. Critical realism and process analysis Chapter 5. Keynes's revolving fund of investment finance Chapter 6. Davidson's analysis of the revolving fund Chapter 7. A theory of credit-money analysis Chapter 8. Inflation and growth Chapter 9. Fiscal defecits and inflation Chapter 10. Monetary policy and price stability Chapter 11. Conclusion


    Paul Dalziel