Theory of catallactics, misapplication in monetary policy in developing economies and consequences

Tweneboah Senzu, Emmanuel (2018): Theory of catallactics, misapplication in monetary policy in developing economies and consequences.

Abstract

It is believed and observed that lack of modern understanding of the economic market of developing countries and it theoretical functioning, is understood to be a contributing factor in affecting quality development and dispensing of monetary policy, resulting in its inability to address desired economic growth per it legal mandate. Which the paper establishes the major factorial phenomenon to be considered, as a means to enhance monetary instrument development and application in such economy

• Item Type: MPRA Paper
• Language: English
• Keywords: monetary economics, monetary policy, fiscal policy, macroeconomics, development theory
• Subjects: E - Macroeconomics and Monetary Economics > E2 - Consumption, Saving, Production, Investment, Labor Markets, and Informal Economy; E - Macroeconomics and Monetary Economics > E5 - Monetary Policy, Central Banking, and the Supply of Money and Credit; E - Macroeconomics and Monetary Economics > E5 - Monetary Policy, Central Banking, and the Supply of Money and Credit > E52 - Monetary Policy; E - Macroeconomics and Monetary Economics > E5 - Monetary Policy, Central Banking, and the Supply of Money and Credit > E58 - Central Banks and Their Policies

References

1.Anthony, R. (1987), Unlimited Power, New York; Fawcett.

2.Barthalon, E. (2014). Uncertainty, Expectations and Financial Instability, Reviving Allais’s lost theory of Psychological Time, Columbia University Press, New York

3.Best, W. J. & Kahn, V. J. (1998), Research in education (8th ed.). Allyn & Bacon

4.Black, K. (2010). Business statistics; contemporary decision making. 6th Edition John Wiley & Sons

5.Blanchard, O. (2003). Monetary policy & unemployment; a conference paper in honour of James Tobin (economics.mit.edu/files/731)

6.Dudovskiy, J. (2016). Ultimate guide to write dissertation in Business(https://research-methodology.net)

7.Feldman, C. D. (1996) Managing careers in downsizing firms. John wiley & sons Inc.

8.Fink, A. & Kosecoff, J. (1998), How to conduct survey; a step-by-step guide (2nd ed.). Sage Publication, May 10th.

9.George B. N. A. (2002), “The failure of World Bank policies in Africa”; Testimony before the economic affairs subcommittee of the Senate foreign relations committee, US-congress, Washington DC.

10.Ghana Statistical Service (2015). Gross Domestic Product; www.statsghana.gov.gh

11.Hogan, K. (1996), “The Psychology of Persuasion”. Peblican Publishing Company USA

12.Ireland, N. P. (2006), The monetary transmission mechanism: National Bureau of Economic Research, Boston College

13.Kane E. (1985), Doing your own research; Basic descriptive research in the social science and humanities London: Marion Boyars

14.Karl Marx- New World Encyclopaedia (1948), www.newworldencyclopedia.org/entry/Karl_Marx : London, Hamish Hamilton

15.Kovaven, A. (2011). Monetary Policy Transmission in Ghana; Does the Interest rate channel work. IMF-Paper

16.Kuttner, K. & Mosser, C. P. (2002), The monetary transmission mechanism; some answers and further questions. Econpaper, May, 15-26.

17.Ludwig, V. M. (1920 |1973), “Human Action; a treatise on economics”. Mises Institute, Aubum, Alabama Published copyright 1998.

18.Meltzer, H. A. (1993), Changing capital markets; implications for monetary policy: Federal Reserve Bank of Kansas City

19.William P. (1999), The relevancy of a well-defined monetary policy rules that address market problems; Federal Reserve Bank of St.Louis