Balance Mechanics and Business Cycles

References

• Akerlof, G., and J. Yellen. 1985. “A near-Rational Model of the Business Cycle with Wage and Price Inertia.” The Quarterly Journal of Economics 100 (Supplement): 823–838. doi:10.1093/qje/100.Supplement.823.
   Google Scholar
• Barro, R. J. 2008. Macroeconomics: A Modern Approach. Mason: Thomson South-Western.
   Google Scholar
• Blanchard, O., and F. Giavazzi. 2002. “Current account Deficits in the Euro Area: The End of the Feldstein-Horioka Puzzle?” Brookings Papers on Economic Activity 2: 147–209. doi:10.1353/eca.2003.0001.
   Google Scholar
• Bofinger, P. 2015. Grundzüge der Volkswirtschaftslehre: Eine Einführung in die Wissenschaft von Märkten. 4th ed. Munich: Pearson.
   Google Scholar
• Calvo, G. 1983. “Staggered Prices in a Utility Maximising Framework.” Journal of Monetary Economics 12 (3): 383–398. doi:10.1016/0304-3932(83)90060-0.
   Web of Science ®Google Scholar
• Dymski, G. A. 2011. “Keynesian Approaches to Financial Crisis.” In A Modern Guide to Keynesian Macroeconomics and Economic Policies, edited by E. Hein and E. Stockhammer, 325–351. Cheltenham: Edward Elgar.
   Google Scholar
• Dyson, B., G. Hodgson, and A. Jackson. 2014. Creating a Sovereign Money System London: Positive Money.
   Google Scholar
• Fontana, G., and M. Sawyer. 2016. “Full Reserve Banking: More ‘Cranks’ than ‘Brave Heretics.” Cambridge Journal of Economics 40 (5): 1333–1350. doi:10.1093/cje/bew016.
   Web of Science ®Google Scholar
• Gertler, M., and S. Gilchrist. 2018. “What Happened: Financial Factors in the Great Recession.” Journal of Economic Perspectives 32 (3): 3–30. doi:10.1257/jep.32.3.3.
   Web of Science ®Google Scholar
• Godley, W., and M. Lavoie. 2007. Monetary Economics: An Integrated Approach to Credit, Money, Income, Production, and Wealth. New York: Palgrave Macmillan.
   Google Scholar
• Goodhart, C. A. E. 2009. “The Continuing Muddles of Monetary Theory: A Steadfast Refusal to Face Facts.” Economica 76: 821–830. doi:10.1111/j.1468-0335.2009.00790.x.
   Web of Science ®Google Scholar
• Grass, R.-D., and W. Stützel. 1988. Volkswirtschaftslehre: Eine Einführung auch für Fachfremde. 2nd ed. Munich: Vahlen.
   Google Scholar
• Huber, J. 2013. Monetäre Modernisierung. Zur Zukunft der Geldordnung: Vollgeld und Monetative. 3rd ed. Marburg: Metropolis.
   Google Scholar
• Kalecki, M. 2003. Theory of Economic Dynamics: An Essay on Cyclical and Long-Run Changes in Capitalist Economy. London: Routledge.
   Google Scholar
• Koo, R. C. 2014. “It Is Private, Not Public Finances That Are out of Whack.” German Economic Review 15 (1): 166–190. doi:10.1111/geer.12028.
   Web of Science ®Google Scholar
• Lavoie, M. 2014. Post-Keynesian Economics: New Foundations. Cheltentam: Edward Elgar.
   Google Scholar
• Lindner, F. 2012. “Saving Does not Finance Investment: Accounting as an Indispensable Guide to Economic Theory”. IMK Working Paper, no. 100. Düsseldorf: Macroeconomic Policy Institute (IMK), http://www.boeckler.de/pdf/p_imk_wp_100_2012.pdf. (retrieved on February 5, 2016).
   Google Scholar
• Lindner, F. 2015. “Does Saving Increase the Supply of Credit? a Critique of Loanable Fund Theory.” World Economic Review 4: 1–26.
   Google Scholar
• Mayer, T., and R. Huber. 2014. Vollgeld: Das Geldsystem der Zukunft. Unser Weg aus der Finanzkrise. Marburg: Tectum.
   Google Scholar
• Minsky, H. P. 2008. Stabilizing an Unstable Economy. New York: McGraw-Hill.
   Google Scholar
• Plosser, C. I. 1989. “Understanding Real Business Cycles.” Journal of Economic Perspectives 3 (3): 51–77. doi:10.1257/jep.3.3.51.
   Web of Science ®Google Scholar
• Romer, P. 2016. “The Trouble with Macroeconomics”. https://paulromer.net/old-blog/wp-content/uploads/2016/09/WP-Trouble.pdf, retrieved on February 28, 2019.
   Google Scholar
• Sauer, B., and F. L. Sell. 2018. “Lost in Translation – a Revival of Wolfgang Stützel’s Balances Mechanics.” The European Journal of the History of Economic Thought 25 (3): 401–427. doi:10.1080/09672567.2018.1449878.
   Web of Science ®Google Scholar
• Schmidt, J. 2011. “Die Bedeutung der Saldenmechanik für die makroökonomische Theoriebildung.” In Keynes 2.0 – Perspektiven einer modernen keynesianischen Wirtschaftstheorie und Wirtschaftspolitik, edited by Hagemann, H., Krämer, H, 111–147. (Ökonomie und Gesellschaft, vol. 23). Marburg: Metropolis.
   Google Scholar
• Schmidt, J. 2012. “Sparen – Fluch oder Segen? Anmerkungen zu einem alten Problem aus Sicht der Saldenmechanik.” In Lehren aus der Krise für die Makroökonomik, edited by Held, M., Kubon-Gilke, G., Sturn, R, 61–85. (Normative und institutionelle Grundfragen der Ökonomik, vol. 11). Marburg: Metropolis.
   Google Scholar
• Schmidt, J. 2017. “Reforming the Undergraduate Macroeconomics Curriculum: The Case for a Thorough Treatment of Accounting Relationships.” International Journal of Pluralism and Economics Education 8 (1): 42–67. doi:10.1504/IJPEE.2017.083559.
   Google Scholar
• Spahn, P. 2016. Streit um die Makroökonomie: Theoriegeschichtliche Debatten von Wicksell bis Woodford. Marburg: Metropolis.
   Google Scholar
• Stützel, W. 1968. “Konjunkturtheorie.” In Enzyklopädisches Lexikon für das Geld-, Bank- und Börsenwesen, 3rd ed., vol. II, edited by B. Benning, 1005–1016. Frankfurt: Fritz Knapp.
   Google Scholar
• Stützel, W. 1978. Volkswirtschaftliche Saldenmechanik: Ein Beitrag zur Geldtheorie. 2nd ed. Tübingen: Mohr.
   Google Scholar
• Stützel, W. 1979. Paradoxa der Geld- und Konkurrenzwirtschaft. Aalen: Scientia.
   Google Scholar
• Woodford, M. 2003. Interest and Prices: Foundations of a Theory of Monetary Policy. Princeton: Princeton University Press.
   Google Scholar
• Woodford, M. 2008. “How Important Is Money in the Conduct of Monetary Policy?” Journal of Money, Credit and Banking 40 (8): 1561–1598. doi:10.1111/j.1538-4616.2008.00175.x.
   Web of Science ®Google Scholar