Data Portal @ linkeddatafragments.org

Matches in Harvard for { <http://id.lib.harvard.edu/aleph/006953631/catalog> ?p ?o. }

• catalog abstract "This elegantly written book argues against the conventional wisdom that prevails in academic and official circles. According to this essentially neo-classical theory, the rate of interest depends solely on the amount of savings with respect to investment needs. It is implied that the high level of interest rates is not an economic policy problem but a fact of 'nature' - unpleasant, perhaps, but unalterable in the short term without heavy costs. The alternative perspective offered in this book is a Keynesian one, in which the explanation of economic facts can never be separated from the role of economic policy. This view posits interest rates as a 'conventional' phenomenon, rooted in the perceptions and expectations of a now global financial market. That is, they are self-fulfilling rather than inescapable costs. The essential economic facts of the last twenty years bear out the truth of this Keynesian approach to interest rates, and are at odds with neo-classical (Fisher-Wicksell) theory. The implication, then, is that the world is not condemned to a high rate of interest, with the risk of low investment, rising public indebtedness, stagnation, and unemployment. Conscious economic policies, coordinated at the international level, are capable of turning this largely conventional price towards non-inflationary growth.".
• catalog alternative "Alto prezzo del danaro. English".
• catalog contributor b9649741.
• catalog contributor b9649742.
• catalog contributor b9649743.
• catalog contributor b9649744.
• catalog created "1996.".
• catalog date "1996".
• catalog date "1996.".
• catalog dateCopyrighted "1996.".
• catalog description "Includes bibliographical references.".
• catalog description "The High Price of Money. 1. The Neo-classical Theory of Interest. 2. Neo-classical Theory and the Facts. 3. The Keynesian Approach. 4. A Keynesian Reading of World Interest Rates, 1970-1993. 5. Some Significant Changes in Financial Structure. 6. An Old and a New Obstacle to Lower Rates: The Budget Deficit in the United States and the Reunification of Germany. 7. The New Rise in Interest Rates in 1994: A Direct Comparison Between the Two Theories. 8. Beyond the 'Conventions'. 9. We Are not Condemned ... -- The Main Trends of Real Interest Rates (1960-1994). An Essay / A. Levy and F. Panetta. 1. The Evolution of Real Rates in the Leading Industrial Countries. 2. The Long-Term Relations Between Domestic and World Real Rates: A Co-integration Analysis. 3. Real Rates and Macroeconomic Variables. 4. Summary of the Empirical Evidence.".
• catalog description "The alternative perspective offered in this book is a Keynesian one, in which the explanation of economic facts can never be separated from the role of economic policy. This view posits interest rates as a 'conventional' phenomenon, rooted in the perceptions and expectations of a now global financial market. That is, they are self-fulfilling rather than inescapable costs. The essential economic facts of the last twenty years bear out the truth of this Keynesian approach to interest rates, and are at odds with neo-classical (Fisher-Wicksell) theory. The implication, then, is that the world is not condemned to a high rate of interest, with the risk of low investment, rising public indebtedness, stagnation, and unemployment. Conscious economic policies, coordinated at the international level, are capable of turning this largely conventional price towards non-inflationary growth.".
• catalog description "This elegantly written book argues against the conventional wisdom that prevails in academic and official circles. According to this essentially neo-classical theory, the rate of interest depends solely on the amount of savings with respect to investment needs. It is implied that the high level of interest rates is not an economic policy problem but a fact of 'nature' - unpleasant, perhaps, but unalterable in the short term without heavy costs.".
• catalog extent "x, 192 p. :".
• catalog hasFormat "High price of money.".
• catalog identifier "0198289499".
• catalog isFormatOf "High price of money.".
• catalog issued "1996".
• catalog issued "1996.".
• catalog language "eng ita".
• catalog language "eng".
• catalog publisher "Oxford [England] : Clarendon Press ; New York : Oxford University Press,".
• catalog relation "High price of money.".
• catalog subject "332.8/2 20".
• catalog subject "Economic policy.".
• catalog subject "HB539 .C5613 1996".
• catalog subject "Interest (Finance)".
• catalog subject "Interest rates.".
• catalog tableOfContents "The High Price of Money. 1. The Neo-classical Theory of Interest. 2. Neo-classical Theory and the Facts. 3. The Keynesian Approach. 4. A Keynesian Reading of World Interest Rates, 1970-1993. 5. Some Significant Changes in Financial Structure. 6. An Old and a New Obstacle to Lower Rates: The Budget Deficit in the United States and the Reunification of Germany. 7. The New Rise in Interest Rates in 1994: A Direct Comparison Between the Two Theories. 8. Beyond the 'Conventions'. 9. We Are not Condemned ... -- The Main Trends of Real Interest Rates (1960-1994). An Essay / A. Levy and F. Panetta. 1. The Evolution of Real Rates in the Leading Industrial Countries. 2. The Long-Term Relations Between Domestic and World Real Rates: A Co-integration Analysis. 3. Real Rates and Macroeconomic Variables. 4. Summary of the Empirical Evidence.".
• catalog title "Alto prezzo del danaro. English".
• catalog title "The high price of money : an interpretation of world interest rates / Pierluigi Ciocca and Giangiacomo Nardozzi ; with an essay on The main trends of real interest rates, 1960-1994 by Aviram Levy and Fabio Panetta ; translated by Timothy Keates.".
• catalog type "text".