دانلود کتاب The Money Illusion: Market Monetarism, the Great Recession, and the Future of Monetary Policy
by Scott Sumner
|
عنوان فارسی: توهم پول: پول گرایی بازار، رکود بزرگ و آینده سیاست پولی |
دانلود کتاب
جزییات کتاب
Foregoing the usual relitigating of the problems of housing markets and banking crises, renowned monetary economist Scott Sumner argues that the Great Recession came down to one thing: nominal GDP, the sum of all nominal spending in the economy, which the Federal Reserve erred in allowing to plummet. The Money Illusion is an end-to-end case for this school of thought, known as market monetarism, written by its leading voice in economics. Based almost entirely on standard macroeconomic concepts, this highly accessible text lays a groundwork for a simple yet fundamentally radical understanding of how monetary policy can work best: providing a stable environment for a market economy to flourish.