Readings in Money and Banking |
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Page 186
... Inflation on Interest Rates Solid line : Three month United States Treasury bill rate , bond yield basis , middle month of quarter Points : Real rate of interest , calculated from bill rate and Consumer Price Index . 1960 1965 1970 Fig ...
... Inflation on Interest Rates Solid line : Three month United States Treasury bill rate , bond yield basis , middle month of quarter Points : Real rate of interest , calculated from bill rate and Consumer Price Index . 1960 1965 1970 Fig ...
Page 201
... inflation . In " Inflation , the Misdirection of Labour , and Unemployment , " Austrian economist F.A. Hayek takes the Monetarist idea one step further . According to Hayek , inflation does not just fail to reduce unemployment in the ...
... inflation . In " Inflation , the Misdirection of Labour , and Unemployment , " Austrian economist F.A. Hayek takes the Monetarist idea one step further . According to Hayek , inflation does not just fail to reduce unemployment in the ...
Page 206
... inflation were only that which many people emphasise , we would have to consider this possibility seriously . Why we cannot live with inflation The answer , however , is twofold . First , such inflation , in order to achieve the goal ...
... inflation were only that which many people emphasise , we would have to consider this possibility seriously . Why we cannot live with inflation The answer , however , is twofold . First , such inflation , in order to achieve the goal ...
Contents
Why Bother? | 3 |
The Theory of Money | 12 |
The Evolution of | 23 |
Copyright | |
18 other sections not shown
Common terms and phrases
assets balance bank failures bank notes Bank of England bank's bankers banking crises banking panics banking system bonds borrow branch banking capital cash central bank changes charter circulation clearinghouse commercial banks commodity money costs countries crisis currency demand deposits deposit insurance depositors discount dollar economic economists effect excess demand exchange Federal Reserve Bank Federal Reserve System fractional-reserve banking free banking funds George Selgin gold standard growth rate History income increase inflation inside money institutions interest rates investment last resort lender of last liabilities loans losses ment Milton Friedman monetary authority monetary policy money supply national banks natural rate note issue noteholders operations payments percent period price level price of gold production profits purchasing power rate of interest real output real rate redeem regulation reserve requirements restrictions rise rule securities stability theory thrifts tion trade trend United value of money velocity wages wildcat banking York