Debates in Monetary Macroeconomics Tackling Some Unsettled Questionsmics

Switzerland : Springer Publishing Company, 2022.

Smithin J., Pressman S.

This edited volume presents the key unresolved debates in monetary macroeconomics, covering the five topics of budget, trade, taxes, exchange rates and monetary policy. For each topic, there are two authors — one arguing for a certain policy and one against. The book takes an approach eschewing mathematics or econometrics, instead presenting arguments in the spirit of political economy - while incorporating the most recent thinking in macroeconomics. This approach, combined with the objective of encouraging debate, makes the book ideal reading for students of monetary macroeconomics, researchers seeking alternative views, and the general public.

Chapters

The Case for Fixed Exchange Rate Regimes: What for and in What Form?

Nenovsky N., Faudot A., , in: Debates in Monetary Macroeconomics Tackling Some Unsettled Questionsmics.: Switzerland: Springer Publishing Company, 2022. P. 193–216.

This paper provides several arguments for fixed exchange rates. First, any firm doing business abroad needs a stable and orderly exchange rate system. This is why most international corporations have chosen the US dollar as their functional currency. Second, although fixed regimes have been accused of hindering monetary policy, the paper argues that floating regimes ...

Added: January 18, 2023

Keywords: monetary policy, economic policy, macroeconomic policy, monetary macroeconomics, John Stuart Mill