The political viability of rule-based monetary policy

Public Choice ◽  
1985 ◽  
Vol 46 (2) ◽  
pp. 125-140 ◽  
Author(s):  
Henry W. Chappell ◽  
William R. Keech
Keyword(s):  
Monetary Policy ◽  
The Political ◽  
Rule Based

scholarly journals The Attitude of Student Youth to Manifestations of Various Types of Extremism (the Case of the Saratov Region)

2021 ◽  
Vol 36 ◽  
pp. 83-93
Author(s):  
I. N. Konovalov ◽  
◽  
A. S. Azarova ◽  
D. N. Markin ◽  
◽  
...  
Keyword(s):  
Young People ◽  
Cultural Factors ◽  
Educational Institutions ◽  
The Political ◽  
Russian Society ◽  
Sociological Study ◽  
Youth Policy ◽  
Rule Based ◽  
Study Results ◽  
Radical Ideas

The article is concerned with the phenomenon of extremism among youth. Analyzing the features of modern youth extremism the authors substantiated their conditioning by social, age, historical, and cultural factors. Young people tend to protest and reject the existing system, all-or-nothing thinking. While the phenomena identified as extremism today, repeatedly arose in the process of historical social development. A distinctive feature of the majority of extremist organizations at the present time is their focus on the issues of national identity or the political structure of the Russian society and state, using the principles of a totalitarian sect. In their activities destructive religious organizations themselves are also, as a rule, based on radical ideas, which is why they are recognized as extremist. The article presents the findings of the sociological study conducted in Saratov’s higher educational institutions. Based on the analysis of the study results the authors came to the conclusion that extremist sentiments among student youth are growing towards representatives of various nationalities and religions. The authors assumed that in order to successfully counter youth extremism, first and foremost it is necessary to clearly distinguish its causes, rooted in the society itself and shortcomings of state youth policy, from the forms of its manifestation that have social and group specific features.

scholarly journals Monetary Theory and Monetary Policy: Reflections on the Development over the last 150 Years

2013 ◽  
Vol 233 (3) ◽  
Author(s):  
Otmar Issing ◽  
Volker Wieland
Keyword(s):  
Monetary Policy ◽  
Financial System ◽  
Central Banks ◽  
The Political ◽  
Monetary Theory ◽  
Academic Discussion

SummaryIn this paper, we provide some reflections on the development of monetary theory and monetary policy over the last 150 years. Rather than presenting an encompassing overview, which would be overambitious, we simply concentrate on a few selected aspects that we view as milestones in the development of this subject.We also try to illustrate some of the interactions with the political and financial system, academic discussion and the views and actions of central banks.

Banking, Monetary Policy and the Political Economy of Financial Regulation

2014 ◽  
Author(s):  
Gerald Epstein ◽  
Tom Schlesinger ◽  
Matías Vernengo
Keyword(s):  
Political Economy ◽  
Monetary Policy ◽  
Financial Regulation ◽  
The Political

Transparency and Rule-Based Monetary Policy

2018 ◽  
pp. 255-258
Author(s):  
Victor A. Canto ◽  
Andy Wiese
Keyword(s):  
Monetary Policy ◽  
Rule Based

The political economy of inflation

2021 ◽  
Vol 18 (3) ◽  
pp. 331-343
Author(s):  
Frances Coppola
Keyword(s):  
Monetary Policy ◽  
Fiscal Policy ◽  
Money Supply ◽  
Central Banks ◽  
The Political ◽  
Economic Output ◽  
Political Choices ◽  
Redistributive Effects ◽  
Fiscal And Monetary Policy ◽  
Political Decisions

For the last 40 years, macroeconomics has been dominated by Milton Friedman’s view that inflation occurs when the supply of money rises more quickly than economic output – ‘too much money chasing too few goods’, as the saying goes. If inflation is always due to an imbalance of money supply and output, central banks alone determine the path of inflation, and fiscal policy merely has a redistributive function. This paper draws on historical and empirical evidence as well as recent theoretical literature to show that this view is mistaken. Monetary policy has redistributive effects, and fiscal policy affects the money supply. It is therefore impossible to separate them in practice. Both fiscal and monetary policy have inflationary consequences, and because their distributional effects are different, monetary policy cannot fully offset fiscal decisions. Fiscal and monetary policy are influenced by political decisions and are themselves political in nature. Since inflation reflects spending and saving patterns which are affected by political choices, it is fundamentally a political phenomenon.

The Political Economy of Discretionary Monetary Policy: A Public Choice Analysis of Proposals for Reform

2020 ◽  
pp. 331-350
Author(s):  
Richard C. K. Burdekin ◽  
Jilleen R. Westbrook ◽  
Thomas D. Willett
Keyword(s):  
Political Economy ◽  
Monetary Policy ◽  
Public Choice ◽  
The Political ◽  
Choice Analysis ◽  
Discretionary Monetary Policy

The Political Economy of U.S. Monetary Policy

2013 ◽  
Vol 42 (3) ◽  
pp. 24-43 ◽  
Author(s):  
Edwin Dickens
Keyword(s):  
Political Economy ◽  
Monetary Policy ◽  
The Political
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