Search results for ""author steven m. sheffrin""

Monetarism and the Methodology of Economics is a collection of 14 original essays in honour of Thomas Mayer focusing on the themes of monetarism, the transmission mechanism for monetary policy, the political economy of monetary policy and the methodology of empirical economics.This volume addresses the many areas where Thomas Mayer has made a major contribution and brings together a distinguished group of contributors including King Banaian, Mark Blaug, Martin Bronfenbrenner, Richard C.K. Burdekin, Thomas F. Cargill, Milton Friedman, C.A.E. Goodhart, D. Wade Hands, Abraham Hirsch, Kevin D. Hoover, David Laidler, Thomas Mayer, James L. Pierce, Steven M. Sheffrin, Richard J. Sweeney, Thomas D. Willett, Wing Thye Woo. An autobiographical essay by Thomas Mayer and a short appreciation by Kevin Hoover and Steven Sheffrin are included in this volume, together with a bibliography of Mayer's economic writings.

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This two volume set reprints 28 papers on fiscal and monetary policy interpreted broadly enough to include such issues as the effects of government debt and intergenerational accounting. It emphasizes problems that are not specific to a particular country but are relevant for all developed market economies. Fiscal and Monetary Policy is divided into three parts; the first deals with the problems that are common to both fiscal and monetary policies; the second deals with fiscal policy and the third with monetary policy.Fiscal and Monetary Policy includes important articles on the effects of lags on the feasibility of stabilization policy, time inconsistency, the motivation of monetary and fiscal authorities, the Lucas critique, Ricardian equivalence, the choice of monetary targets, feedback rules, international aspects of monetary policy and the appropriate role of government in the monetary system.

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