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The author or concept searched is found in the following 3 entries.
| Disputed term/author/ism | Author |
Entry |
Reference |
|---|---|---|---|
| Economic Policies | Monetarism | Mause I 57f Economic Policies/Monetarism/MonetarismVsKeynesianism/MonetarismVsKeynes: In contrast to the Keynesians, the monetarists (...) assume the fundamental stability of the private sector and therefore deny the need for an active stabilization policy. Instead, a stability policy in the form of reliable framework conditions and economic policy restraint on the part of the state is called for. See also Economic Policies/Friedman). Mause I 225 Economic Policy/Monetarism: all economic policy interventions are (...) assessed on the extent to which they influence the overall economic interest rate level. An expansive monetary policy initially causes interest rate cuts (liquidity effect) and thus considerable effects on the goods markets in the form of volume and price adjustments. See Assets/Neoclassics, See Demand for money/Tobin. |
Mause I Karsten Mause Christian Müller Klaus Schubert, Politik und Wirtschaft: Ein integratives Kompendium Wiesbaden 2018 |
| Liquidity Trap | Monetarism | Mause I 224 Def Liquidity Trap/Monetarism: If interest rates are already comparatively low, so that no actor expects further interest rate cuts, the additional liquidity of monetary policy measures is no longer used to buy bonds. In this case, there will not be the desired interest rate cuts, which should lead to additional demand for goods in the economy as a whole. In this case one speaks of a liquidity trap that leads to the ineffectiveness of monetary policy. These considerations are in contradiction to neoclassical theory. MonetarismVsNeoclassicism. >Monetary policy, >Monetarism, >Neoclassical economics. |
Mause I Karsten Mause Christian Müller Klaus Schubert, Politik und Wirtschaft: Ein integratives Kompendium Wiesbaden 2018 |
| Money | Monetarism | Mause I 57f Money/Monetarism/Keynesianism: Despite the major economic policy differences between Keynesians and monetarists, both agree that money is only really effective in the short term, but neutral in the long term. While for the monetarists "short-term" is a question of months and the real effects possible in this period are not worth mentioning, the Keynesians interpret "short-term" much more generously (in the ballpark of several years), which is why even non-permanent effects could be a worthwhile economic policy goal. Both positions are within neoclassical theory. >Monetarism, >Keynesianism. |
Mause I Karsten Mause Christian Müller Klaus Schubert, Politik und Wirtschaft: Ein integratives Kompendium Wiesbaden 2018 |
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