Explores developments, such as innovation, globalization and deregulation, occurring in the world's financial markets. This study focuses on the practices of financial institutions, investors and instruments. It includes coverage of strategies for risk control in volatile financial environments.
The book features a significant discussion on economic policies, highlighting a seminar led by Prof. Franco Modigliani at the Federal Reserve Bank of San Francisco in January 1977. It includes Modigliani's lecture on the monetarist controversy and stabilization policies, alongside a response from Nobel Laureate Milton Friedman. The content encapsulates their dialogue and a broader floor discussion, enriched by an appendix containing Modigliani's AEA Presidential Address. Dr. Michael W. Keran chaired this notable event, providing a scholarly context to the debates in economics.
The 1986 book delves into key issues that have shaped macroeconomic thought and practice. It explores fundamental concepts and debates within the field, providing insights into economic theories and their implications. The author analyzes historical developments and contemporary challenges, offering a comprehensive perspective on macroeconomic dynamics. This examination serves as a valuable resource for understanding the evolution of macroeconomic principles and their relevance in today's economic landscape.