Money, Banking, and the Business Cycle Volume One Integrating Theory

Money, Banking, and the Business Cycle provides a comprehensive framework for analyzing these mechanisms, and offers a robust prescription for reducing financial instability over the long-term. Volume I bridges tough economic theory with empirical evidenc

  • PDF / 3,185,353 Bytes
  • 298 Pages / 432 x 666 pts Page_size
  • 104 Downloads / 187 Views

DOWNLOAD

REPORT


Copyright material from www.palgraveconnect.com - licensed to HEC Montreal - PalgraveConnect - 2015-06-22

Money, Banking, and the Business Cycle

10.1057/9781137331496 - Money, Banking, and the Business Cycle, Brian P. Simpson

Also by Brian P. Simpson Money, Banking, and the Business Cycle, Volume 2: Remedies and Alternative Theories

Copyright material from www.palgraveconnect.com - licensed to HEC Montreal - PalgraveConnect - 2015-06-22

Markets Don’t Fail!

10.1057/9781137331496 - Money, Banking, and the Business Cycle, Brian P. Simpson

I n t egr at i ng Th eory a n d P r ac t ic e

Volume One

B r ian P. S impson

10.1057/9781137331496 - Money, Banking, and the Business Cycle, Brian P. Simpson

Copyright material from www.palgraveconnect.com - licensed to HEC Montreal - PalgraveConnect - 2015-06-22

Mon e y, Ba n k i ng, a n d t h e Busi n ess C yc l e

money, banking, and the business cycle

Copyright © Brian P. Simpson, 2014. All rights reserved. First published in 2014 by PALGRAVE MACMILLAN® in the United States—­a division of St. Martin’s Press LLC, 175 Fifth Avenue, New York, NY 10010.

Palgrave Macmillan is the global academic imprint of the above companies and has companies and representatives throughout the world. Palgrave® and Macmillan® are registered trademarks in the United States, the United Kingdom, Europe and other countries. ISBN: 978–1–137–33531–9 Library of Congress Cataloging-in-Publication Data Simpson, Brian P., 1966–      Money, banking, and the business cycle : integrating theory and practice / Brian P. Simpson.     volumes ; cm      Includes bibliographical references and index.      ISBN 978–1–137–33531–9 (hardback)      1. Business cycles. 2. Monetary policy. 3. Banks and banking. I. Title. HB3714.S56 2014 338.542—dc23

2013044047

A catalogue record of the book is available from the British Library. Design by Newgen Knowledge Works (P) Ltd., Chennai, India. First edition: April 2014 10  9  8  7  6  5  4  3  2  1

10.1057/9781137331496 - Money, Banking, and the Business Cycle, Brian P. Simpson

Copyright material from www.palgraveconnect.com - licensed to HEC Montreal - PalgraveConnect - 2015-06-22

Where this book is distributed in the UK, Europe and the rest of the world, this is by Palgrave Macmillan, a division of Macmillan Publishers Limited, registered in England, company number 785998, of Houndmills, Basingstoke, Hampshire RG21 6XS.

10.1057/9781137331496 - Money, Banking, and the Business Cycle, Brian P. Simpson

Copyright material from www.palgraveconnect.com - licensed to HEC Montreal - PalgraveConnect - 2015-06-22

To Annaliese Cassarino, my wife, and Charles and JoAnn Simpson, my parents

Copyright material from www.palgraveconnect.com - licensed to HEC Montreal - PalgraveConnect - 2015-06-22

This page intentionally left blank

10.1057/9781137331496 - Money, Banking, and the Business Cycle, Brian P. Simpson

ix

List of Exhibits

xiii

Preface

xv

Acknowledgments Introduction

1

Part I  Theory 1 Money, Banking, and Inflation

9

2 How Does the Governme