Financial Innovation and the Price Level: Wicksell and the New Monetary Economics

Luis Hernandez-Aramburo

Chapter 10 in Inflation, Institutions and Information, 1996, pp 245-269 from Palgrave Macmillan

Abstract: Abstract Money of account, namely that in which debts and prices and general purchasing power are expressed, is the primary concept of a theory of money. (J. M. Keynes)

Keywords: Interest Rate; Price Level; Money Supply; Natural Rate; Price Stability (search for similar items in EconPapers)
Date: 1996
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DOI: 10.1007/978-1-349-13521-9_10

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