Overview

This timely book uses cutting-edge research to analyze the fundamental causes of economic and financial crises, and illustrates the macroeconomic foundations required for future economic policymaking in order to avoid these crises.The expert contributors take a critical approach to monetary analysis, providing elements for a new paradigm of economic policymaking at both national and international levels. Major issues are explored, including: inflation, capital accumulation and involuntary unemployment, sovereign debts and interest payment, and the euro-area crisis. Opening new lines of research in the economic and financial crises, this book will prove a fascinating read for academics, students and researchers in the field of monetary economics. Monetary policymakers, central bank officials and international financial organisations will also find the book to be an invaluable resource. Contributors include: J.-L. Bailly, X. Bradley, A. Cencini, M. Citraro, C. Gnos, P. Piégay, S. Rossi, B. Schmitt

Full Product Details

Author:   Claude Gnos ,  Sergio Rossi
Publisher:   Edward Elgar Publishing Ltd
Imprint:   Edward Elgar Publishing Ltd
Dimensions:   Width: 15.60cm , Height: 2.20cm , Length: 23.40cm
Weight:   0.600kg
ISBN:  

9781847200358

ISBN 10:   1847200354
Pages:   320
Publication Date:   30 November 2012
Audience:   Professional and scholarly ,  Professional & Vocational
Format:   Hardback
Publisher's Status:   Active
Availability:   To order  
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Table of Contents

Contents: Introduction Claude Gnos and Sergio Rossi PART I: A NEW ANALYTICAL APPROACH 1. Relative Prices are Undermined by a Mathematical Error Bernard Schmitt 2. Towards a Macroeconomic Approach to Macroeconomics Alvaro Cencini PART II: DOMESTIC ISSUES AND ECONOMIC POLICIES 3. Money, Effective Demand, and Profits Bernard Schmitt 4. Labour, Wages, and Non-wage Incomes Jean-Luc Bailly 5. Inflation and the Circuit of Income Xavier Bradley and Pierre Piegay 6. The Unemployment Issue Claude Gnos 7. Is There a Common Cause to Economic and Financial Crises? Alvaro Cencini PART III: INTERNATIONAL ISSUES AND ECONOMIC POLICIES 8. The Monetary-Structural Origin of TARGET2 Imbalances Across Euroland Sergio Rossi 9. Sovereign Debt and Interest Payments Bernard Schmitt 10. World Monetary Disorders: The Mystery of the 'Missing Surplus' and of the 'Missing Capital Outflow' Alvaro Cencini and Mauro Citraro Index

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Author Information

Edited by Claude Gnos, Senior Research Associate, Centre for Monetary and Financial Studies, University of Burgundy, Dijon, France and the International Economic Policy Institute, Laurentian University, Canada and Sergio Rossi, Full Professor of Economics, University of Fribourg, Switzerland

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