Economia
- Profético
Q: Thank you very much. Before we sign off, could I just take the opportunity to ask you what you think the prospects are for the attempts in Europe to create a common currency area? Are you optimistic about their success? A: I think it's a big gamble...
- Hayek Sobre Friedman E Monetarismo
Hayek on Milton Friedman and Monetary Policy http://www.youtube.com/watch?v=fXqc-yyoVKg ...
- O Mecanismo Da Transmissão Monetária
Monetary policy implementation: Misconceptions and their consequences by Piti Disyatat Despite constituting the very heart of the monetary transmission mechanism, widespread misconceptions still exist regarding how monetary policy...
- Teoria Monetária
Instruments, indicators, targets, transmission mechanisms and goal variables (my pathetic attempt at a general theory of monetary policy)Macroeconomists disagree about everything. We can’t agree on the proper goal variable of monetary policy,...
- Milton Friedman: O Retorno Do Mestre
O que Milton Friedman (1912-2006) teria recomendado para elaboração de política monetária para a crise global de 2007-2009? Bernanke, em 2004, observou que “Friedman’s monetary framework has been so influential that, in its broad outlines at least,...
Economia
Uniâo Monetária da perspectiva de Milton Friedman
The Euro: Monetary Unity To Political Disunity?
Milton Friedman
SAN FRANCISCO - A common currency is an excellent monetary arrangement under some circumstances, a poor monetary arrangement under others. Whether it is good or bad depends primarily on the adjustment mechanisms that are available to absorb the economic shocks and dislocations that impinge on the various entities that are considering a common currency. Flexible exchange rates are a powerful adjustment mechanism for shocks that affect the entities differently. It is worth dispensing with this mechanism to gain the advantage of lower transaction costs and external discipline only if there are adequate alternative adjustment mechanisms.
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- Profético
Q: Thank you very much. Before we sign off, could I just take the opportunity to ask you what you think the prospects are for the attempts in Europe to create a common currency area? Are you optimistic about their success? A: I think it's a big gamble...
- Hayek Sobre Friedman E Monetarismo
Hayek on Milton Friedman and Monetary Policy http://www.youtube.com/watch?v=fXqc-yyoVKg ...
- O Mecanismo Da Transmissão Monetária
Monetary policy implementation: Misconceptions and their consequences by Piti Disyatat Despite constituting the very heart of the monetary transmission mechanism, widespread misconceptions still exist regarding how monetary policy...
- Teoria Monetária
Instruments, indicators, targets, transmission mechanisms and goal variables (my pathetic attempt at a general theory of monetary policy)Macroeconomists disagree about everything. We can’t agree on the proper goal variable of monetary policy,...
- Milton Friedman: O Retorno Do Mestre
O que Milton Friedman (1912-2006) teria recomendado para elaboração de política monetária para a crise global de 2007-2009? Bernanke, em 2004, observou que “Friedman’s monetary framework has been so influential that, in its broad outlines at least,...