Monetarist, Keynesian, and new classical economics (Record no. 159047)

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000 -LEADER
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005 - DATE AND TIME OF LATEST TRANSACTION
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008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION
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020 ## - INTERNATIONAL STANDARD BOOK NUMBER
International Standard Book Number 814778240
082 ## - DEWEY DECIMAL CLASSIFICATION NUMBER
Classification number 339.5 STE
100 ## - MAIN ENTRY--PERSONAL NAME
Personal name Stein, Jerome L.
245 #0 - TITLE STATEMENT
Title Monetarist, Keynesian, and new classical economics
260 ## - PUBLICATION, DISTRIBUTION, ETC.
Place of publication, distribution, etc. New York
260 ## - PUBLICATION, DISTRIBUTION, ETC.
Name of publisher, distributor, etc. University Press
260 ## - PUBLICATION, DISTRIBUTION, ETC.
Date of publication, distribution, etc. 1982
300 ## - PHYSICAL DESCRIPTION
Extent 228 p.
520 ## - SUMMARY, ETC.
Summary, etc. The past decade has witnessed a breakdown in the consensus in Western, macro economic theory. Where once Keynes reigned supreme, three competing schools of economic thought now co-exist, each offering very different explanations for inflation, unemployment and the decline in growth. Even the techniques and vocabulary they use differ so much that communication between the poles has almost ceased.<br/><br/>In his controversial and penetrating new analysis, Professor Stein examines the disagreements between the Monetarists, Keynesians and New Classical economists. Each group has distinct views about the impact of anti-inflationary monetary policy on employment and GNP. While Keynesians and Monetarists differ on the timing and magnitude of the effects, New Classical economists claim that anticipated monetary and fiscal stabilization policies are simply ineffectual. They have developed a powerful theory of 'rational expectations' to account for this impotence.<br/><br/>The author uses the same general macrodynamic model to derive a set of statistical hypotheses for each school. He then tests these hypotheses empirically. The results and conclusions are startling and sure to stimulate further debate.
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element Macroeconomics
942 ## - ADDED ENTRY ELEMENTS (KOHA)
Koha item type Donated Books
Source of classification or shelving scheme Dewey Decimal Classification
Holdings
Withdrawn status Lost status Damaged status Not for loan Home library Current library Shelving location Date acquired Total checkouts Full call number Barcode Date last seen Price effective from Koha item type
  Not Missing Not Damaged   Gandhi Smriti Library Gandhi Smriti Library   2020-02-08   339.5 STE DD6 2020-02-08 2020-02-08 Donated Books

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