Marcus Nunes and Benjamin Cole: Market monetarism: Roadmap to economic prosperity

Marcus Nunes and Benjamin Cole: Market monetarism: Roadmap to economic prosperity Rev Austrian Econ (2015) 28:107–113 DOI 10.1007/s11138-013-0216-x Marcus Nunes and Benjamin Cole: Market monetarism: Roadmap to economic prosperity Self-published, 2013. viii + 115 Pages. USD 6.99 (Kindle) Alexander Salter Published online: 17 March 2013 Springer Science+Business Media New York 2013 Market Monetarism: Roadmap to Economic Prosperity is a re-examination of post- World War II economic history, focused mainly on the United States but also including cases such as the infamous Japanese “Lost Decade,” from an explicitly Market Monetarist perspective. The rise of the Market Monetarist School is a recent phenomenon, coming to prominence mainly through debate in the blogosphere rather than academic conversation in the scholarly journals. Famous for its insistence that (1) nominal spending, meaning nominal gross domestic product (NGDP), is the crucial variable determining macroeconomic stability and thus (2) central banks ought to implement an NGDP level target, Nunes and Cole adopt this framework to shed light on the causes of macroeconomic fluctuations up to and including the Great Recession. The book is written to be intelligible to those with only a minimal familiarity with modern macroeconomic theory, through an understanding of Aggregate Supply/Aggregate Demand analysis. The book consists of nine chapters, with the first outlining the http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png The Review of Austrian Economics Springer Journals

Marcus Nunes and Benjamin Cole: Market monetarism: Roadmap to economic prosperity

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Publisher
Springer US
Copyright
Copyright © 2013 by Springer Science+Business Media New York
Subject
Economics / Management Science; Public Finance & Economics; Political Science, general; Methodology and the History of Economic Thought
ISSN
0889-3047
eISSN
1573-7128
D.O.I.
10.1007/s11138-013-0216-x
Publisher site
See Article on Publisher Site

Abstract

Rev Austrian Econ (2015) 28:107–113 DOI 10.1007/s11138-013-0216-x Marcus Nunes and Benjamin Cole: Market monetarism: Roadmap to economic prosperity Self-published, 2013. viii + 115 Pages. USD 6.99 (Kindle) Alexander Salter Published online: 17 March 2013 Springer Science+Business Media New York 2013 Market Monetarism: Roadmap to Economic Prosperity is a re-examination of post- World War II economic history, focused mainly on the United States but also including cases such as the infamous Japanese “Lost Decade,” from an explicitly Market Monetarist perspective. The rise of the Market Monetarist School is a recent phenomenon, coming to prominence mainly through debate in the blogosphere rather than academic conversation in the scholarly journals. Famous for its insistence that (1) nominal spending, meaning nominal gross domestic product (NGDP), is the crucial variable determining macroeconomic stability and thus (2) central banks ought to implement an NGDP level target, Nunes and Cole adopt this framework to shed light on the causes of macroeconomic fluctuations up to and including the Great Recession. The book is written to be intelligible to those with only a minimal familiarity with modern macroeconomic theory, through an understanding of Aggregate Supply/Aggregate Demand analysis. The book consists of nine chapters, with the first outlining the

Journal

The Review of Austrian EconomicsSpringer Journals

Published: Mar 17, 2013

References

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