The Chicago plan revisited /

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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 Fish...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autores principales: Beneš, Jaromír, 1973- (Autor), Kumhof, Michael (Autor)
Autor Corporativo: International Monetary Fund. Research Department
Formato: Electrónico eBook
Idioma:Inglés
Publicado: [Washington, D.C.] : International Monetary Fund, ©2012.
Colección:IMF working paper ; WP/12/202.
Temas:
Chicago school of economics.
Banks and banking > United States > Econometric models.
École de Chicago (Économie politique)
Banques > États-Unis > Modèles économétriques.
BUSINESS & ECONOMICS > Finance.
Banks and banking > Econometric models
Chicago school of economics
Wirtschaftskrise
Geldpolitik
Finanzwirtschaft
United States
USA
Acceso en línea:Texto completo
Tabla de Contenidos:
  • Cover; Contents; I. Introduction; II. The Chicago Plan in the History of Monetary Thought; A. Government versus Private Control over Money Issuance; B. The Chicago Plan; III. The Model under the Current Monetary System; A. Banks; B. Lending Technologies; C. Transactions Cost Technologies; D. Equity Ownership and Dividends; E. Unconstrained Households; F. Constrained Households; G. Unions; H. Manufacturers; I. Capital Goods Producers; J. Capital Investment Funds; K. Government; 1. Monetary Policy; 2. Prudential Policy; 3. Fiscal Policy; 4. Government Budget Constraint; L. Market Clearing.
  • IV. The Model under the Chicago PlanA. Banks; B. Households; C. Manufacturers; D. Government; 1. Monetary Policy; 2. Prudential Policy; 3. Fiscal Policy; 4. Government Budget Constraint; 5. Controlling Boom-Bust Cycles
  • Additional Considerations; V. Calibration; VI. Transition to the Chicago Plan; VII. Credit Booms and Busts Pre-Transition and Post-Transition; VIII. Conclusion; References; Figures; 1. Changes in Bank Balance Sheet in Transition Period (percent of GDP); 2. Changes in Government Balance Sheet in Transition Period (percent of GDP).
  • 3. Changes in Bank Balance Sheet
  • Details (percent of GDP)4. Transition to Chicago Plan
  • Bank Balance Sheets; 5. Transition to Chicago Plan
  • Main Macroeconomic Variables; 6. Transition to Chicago Plan
  • Fiscal Variables; 7. Business Cycle Properties Pre-Transition versus Post-Transition.

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