| LDR | | 04227cam 2200805Ia 4500 |
| 001 | | 000000385440 |
| 005 | | 20180411151419 |
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| 007 | | cr ||||||||||| |
| 008 | | 120813s2012 dcu ob i000 0 eng d |
| 019 | |
▼a 813209553
▼a 903698849
▼a 961628379
▼a 962696424
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▼a 988499172
▼a 991975961 |
| 020 | |
▼a 1475562209
▼q (electronic bk.) |
| 020 | |
▼a 9781475562200
▼q (electronic bk.) |
| 020 | |
▼z 9781475505528 |
| 020 | |
▼z 9781475530056 |
| 029 | 1 |
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| 035 | |
▼a (OCoLC)805951598
▼z (OCoLC)813209553
▼z (OCoLC)903698849
▼z (OCoLC)961628379
▼z (OCoLC)962696424
▼z (OCoLC)965970098
▼z (OCoLC)988499172
▼z (OCoLC)991975961 |
| 040 | |
▼a DJB
▼b eng
▼e pn
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▼d DJB
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▼d 247004 |
| 043 | |
▼a n-us--- |
| 050 | 4 |
▼a HG3881.5.I58
▼b W67 No. 12/202eb |
| 072 | 7 |
▼a BUS
▼x 027000
▼2 bisacsh |
| 082 | 04 |
▼a 332.152
▼2 23 |
| 100 | 1 |
▼a Bene?, Jarom?r,
▼d 1973-
▼e author. |
| 245 | 14 |
▼a The Chicago plan revisited/
▼c prepared by Jaromir Benes and Michael Kumhof. |
| 260 | |
▼a [Washington, D.C.]:
▼b International Monetary Fund,
▼c ?012. |
| 300 | |
▼a 1 online resource (71 pages). |
| 336 | |
▼a text
▼b txt
▼2 rdacontent |
| 337 | |
▼a computer
▼b c
▼2 rdamedia |
| 338 | |
▼a online resource
▼b cr
▼2 rdacarrier |
| 347 | |
▼a data file
▼2 rda |
| 490 | 1 |
▼a IMF working paper;
▼v WP/12/202 |
| 500 | |
▼a Title from PDF title page (IMF Web site, viewed Aug. 13, 2012). |
| 500 | |
▼a "Research Department." |
| 500 | |
▼a "August 2012." |
| 504 | |
▼a Includes bibliographical references. |
| 520 | |
▼a 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. |
| 590 | |
▼a eBooks on EBSCOhost
▼b All EBSCO eBooks |
| 650 | 0 |
▼a Chicago school of economics. |
| 650 | 0 |
▼a Banks and banking
▼z United States
▼x Econometric models. |
| 650 | 7 |
▼a BUSINESS & ECONOMICS
▼x Finance.
▼2 bisacsh |
| 650 | 7 |
▼a Banks and banking
▼x Econometric models.
▼2 fast
▼0 (OCoLC)fst00826918 |
| 650 | 7 |
▼a Chicago school of economics.
▼2 fast
▼0 (OCoLC)fst00854035 |
| 650 | 7 |
▼a Wirtschaftskrise
▼2 gnd |
| 650 | 7 |
▼a Geldpolitik
▼2 gnd |
| 650 | 7 |
▼a Finanzwirtschaft
▼2 gnd |
| 651 | 7 |
▼a United States.
▼2 fast
▼0 (OCoLC)fst01204155 |
| 651 | 7 |
▼a USA
▼2 gnd |
| 655 | 4 |
▼a Electronic books. |
| 700 | 1 |
▼a Kumhof, Michael,
▼e author, |
| 710 | 2 |
▼a International Monetary Fund.
▼b Research Department. |
| 830 | 0 |
▼a IMF working paper ;
▼v WP/12/202. |
| 856 | 40 |
▼u http://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=568200 |
| 938 | |
▼a EBL - Ebook Library
▼b EBLB
▼n EBL1606934 |
| 938 | |
▼a ebrary
▼b EBRY
▼n ebr10627067 |
| 938 | |
▼a EBSCOhost
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▼n 568200 |
| 938 | |
▼a YBP Library Services
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▼n 10691570 |
| 938 | |
▼a YBP Library Services
▼b YANK
▼n 9927188 |
| 990 | |
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| 994 | |
▼a 92
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