Nikoloski, Krume (2016) The new classical economy and counter-revolution of the monetarism. Universitatea "Constantin Brâncuşi" din Târgu-Jiu (3). pp. 206-211. ISSN 1844 - 7007
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Abstract
The new classical economy as a school of economic thinking is developed on the basis of monetarism during 70’s and 80’s of the last century. At that time, monetarism as an extreme monetarist formulation had its golden era when it was necessary to maintain the money supply fairly stable, and that will increase slowly each year , mainly to allow natural growth of the economy. Monetarism spread in favor of economists, and the relationship between different measures of the money supply and inflation proved to be less clear than many monetary theories suggest. In this paper will be analyzed characteristics of monetary position, neglected role of money in Keynesian’s models, Phillips agreement for inflation / unemployment and the role of expectations.
Keywords: monetarism, money, counter-revolution, non-neutral money, inflation, unemployment
Classification JEL: B0, B3, B22
| Item Type: | Article |
|---|---|
| Subjects: | Social Sciences > Economics and business |
| Divisions: | Faculty of Economics |
| Depositing User: | Krume Nikoloski |
| Date Deposited: | 05 Aug 2016 09:02 |
| Last Modified: | 05 Aug 2016 09:02 |
| URI: | https://eprints.ugd.edu.mk/id/eprint/16078 |
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