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Author : R. M. Aduddell
Release : 1981
Genre : Business & Economics
Kind : eBook
Book Rating : /5 ( reviews)
Book Synopsis Chicago's Future Service Economy Revisited by : R. M. Aduddell
Download or read book Chicago's Future Service Economy Revisited written by R. M. Aduddell. This book was released on 1981. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Robert M. Aduddell
Release : 1981
Genre :
Kind : eBook
Book Rating : /5 ( reviews)
Book Synopsis Chicago's Future Serive Economy Revisited by : Robert M. Aduddell
Download or read book Chicago's Future Serive Economy Revisited written by Robert M. Aduddell. This book was released on 1981. Available in PDF, EPUB and Kindle. Book excerpt:
Author : R. M. Aduddell
Release : 1979
Genre : Chicago (Ill.)
Kind : eBook
Book Rating : /5 ( reviews)
Book Synopsis Chicago's Future Service Economy by : R. M. Aduddell
Download or read book Chicago's Future Service Economy written by R. M. Aduddell. This book was released on 1979. Available in PDF, EPUB and Kindle. Book excerpt:
Author : D. Burman
Release : 1982
Genre : Chicago (Ill.)
Kind : eBook
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Book Synopsis Employment and Technological Change in Chicago's Service Economy by : D. Burman
Download or read book Employment and Technological Change in Chicago's Service Economy written by D. Burman. This book was released on 1982. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Mr.Jaromir Benes
Release : 2012-08-01
Genre : Business & Economics
Kind : eBook
Book Rating : 523/5 ( reviews)
Book Synopsis The Chicago Plan Revisited by : Mr.Jaromir Benes
Download or read book The Chicago Plan Revisited written by Mr.Jaromir Benes. This book was released on 2012-08-01. Available in PDF, EPUB and Kindle. Book excerpt: At the height of the Great Depression a number of leading U.S. economists advanced a proposal for monetary reform that became known as the Chicago Plan. It envisaged the separation of the monetary and credit functions of the banking system, by requiring 100% reserve backing for deposits. Irving Fisher (1936) claimed the following advantages for this plan: (1) Much better control of a major source of business cycle fluctuations, sudden increases and contractions of bank credit and of the supply of bank-created money. (2) Complete elimination of bank runs. (3) Dramatic reduction of the (net) public debt. (4) Dramatic reduction of private debt, as money creation no longer requires simultaneous debt creation. We study these claims by embedding a comprehensive and carefully calibrated model of the banking system in a DSGE model of the U.S. economy. We find support for all four of Fisher's claims. Furthermore, output gains approach 10 percent, and steady state inflation can drop to zero without posing problems for the conduct of monetary policy.
