Taking more money from paychecks is a deeply unpopular policy, particularly when prices are rising, meaning that many politicians are hesitant to take such measures. Critics also point out that higher taxation will end up triggering a further increase in unemployment , destroying the economy even more.
Japan is often cited as an example. The country has run fiscal deficits for decades now, with mixed results. Critics regularly point out that continual deficit spending there has forced more people out of work and done little to boost GDP growth.
Monetary Economics: Policy and its Theoretical Basis
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Monetary economics :policy and its theoretical basis /Keith Bain, Peter Howells. – National Library
What Is Monetary Theory? The Federal Reserve Fed has three main levers to control the money supply: The reserve ratio, discount rate, and open market operations. Reserve ratio : The percentage of reserves a bank is required to hold against deposits. A decrease in the ratio enables banks to lend more, thereby increasing the supply of money.
A drop in the discount rate will encourage banks to borrow more from the Fed and therefore lend more to its customers.
Open market operations OMO : This consists of buying and selling government securities. Buying securities from large banks increases the supply of money while selling securities contracts money supply in the economy. Compare Investment Accounts. The offers that appear in this table are from partnerships from which Investopedia receives compensation.
Monetary Economics - Policy and Its Theoretical Basis (Electronic book text)
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Review This Product. Welcome to Loot. Checkout Your Cart Price. Description Details Customer Reviews "Monetary Economics" is a useful course text for third year modules in monetary economics. The book achieves a balance between theory and practice and enables the student to understand the theoretical basis of monetary economics. It is also distinctive in its concentrated focus on the practice of monetary policy.
The authors view money supply as endogenous and central banks as preoccupied with interest rates rather than monetary aggregates, which gives the book a practical and "real world" character. Review This Product No reviews yet - be the first to create one!