Peter Howells
Biographic Data
| ID | 5935093 |
|---|---|
| NAME | Peter Howells |
| GIVEN NAMES | Peter |
| FAMILY NAME | Howells |
| SIGNATURE | HOWELLS P |
| AFFILIATIONS | University of East London |
| VERIFIED | No |
| TOTAL WORKS | 10 |
| TOTAL CITATIONS | 11 |
| WORKS AS AUTHOR | 10 |
| WORKS AS EDITOR | 0 |
| FIRST PUBLICATION YEAR | 1974 |
| LATEST PUBLICATION YEAR | 2013 |
| H-INDEX | 2 |
The U.S. Fed and the Bank of England
This essay looks at the foundation and development of the U.S. Federal Reserve and the Bank of England through the perspective of the recent debate over central bank independence in the design of optimal monetary policy. It shows that the creators of the Federal Reserve were acutely aware that they were establishing a central bank (based to some degree on the Bank of England as it had then evolved). Thus they were troubled by the potential power …
Monetary Policy Regimes. A Fragile Consensus
(2006). Monetary Policy Regimes. A Fragile Consensus. International Journal of Political Economy: Vol. 35, No. 1, pp. 62-83
Money, Credit and Spending
It is widely accepted that loans cause deposits. Hitherto, though, the empirical evidence has come from bivariate causality tests which we now know can give rise to invalid inference if either of the two variables is causally influenced by some third, omitted, variable. In this paper we have used tests developed by Toda and Yamamoto to investigate the possibility that earlier inferences were incorrect because of the omission of a third relevant v…
The Endogeneity of Money
For many years economists have argued that the money supply is endogenously determined. However, it has often been suggested that monetary regimes differ in important institutional respects and it may be that endogeneity may be true for some regimes and not for others. The aim of this paper is to test for endogeneity of money supply in the G7 countries and also to detect the existence of any interaction between the demand for bank lending and the…
Change in income distribution and aggregate spending
During the 1980s, rising income inequality in the UK resulted partly from market conditions, and partly from supply-side policies that reduced social security benefits and income supports for low-wage earners. Greater Inequality, plus low levels of investment spending (relative to consumption)hinder the ability of demand management to raise the level of output and employment in the UK economy. Higher income earners have higher import propensities…
The Income and Transactions Velocities of Money
*0034–6764/91/0901–383/$1.50/0. Notes *0034–6764/91/0901–383/$1.50/0
Neh, Neh, Neh and The ‘Keynesian Solution’
Unemployment in the 1930s
Possible Worlds in Historical Explanation
Most historians would acknowledge causal statements to be indispensable to their work. Most of these again would agree that the construction of such statements raises frequent and sometimes even intractable problems. We know why they are indispensable. Even if we study the past for no more profound reason than because we wish to understand it, then that understanding must involve understanding why. History devoid of explanation can be no more tha…
Cause and Counterfactuals
Possible Worlds in Historical Explanation
Most historians would acknowledge causal statements to be indispensable to their work. Most of these again would agree that the construction of such statements raises frequent and sometimes even intractable problems. We know why they are indispensable. Even if we study the past for no more profound reason than because we wish to understand it, then that understanding must involve understanding why. History devoid of explanation can be no more tha…
The Endogeneity of Money
For many years economists have argued that the money supply is endogenously determined. However, it has often been suggested that monetary regimes differ in important institutional respects and it may be that endogeneity may be true for some regimes and not for others. The aim of this paper is to test for endogeneity of money supply in the G7 countries and also to detect the existence of any interaction between the demand for bank lending and the…
The U.S. Fed and the Bank of England
This essay looks at the foundation and development of the U.S. Federal Reserve and the Bank of England through the perspective of the recent debate over central bank independence in the design of optimal monetary policy. It shows that the creators of the Federal Reserve were acutely aware that they were establishing a central bank (based to some degree on the Bank of England as it had then evolved). Thus they were troubled by the potential power …
Money, Credit and Spending
It is widely accepted that loans cause deposits. Hitherto, though, the empirical evidence has come from bivariate causality tests which we now know can give rise to invalid inference if either of the two variables is causally influenced by some third, omitted, variable. In this paper we have used tests developed by Toda and Yamamoto to investigate the possibility that earlier inferences were incorrect because of the omission of a third relevant v…
Cause and Counterfactuals
Possible Worlds in Historical Explanation
Most historians would acknowledge causal statements to be indispensable to their work. Most of these again would agree that the construction of such statements raises frequent and sometimes even intractable problems. We know why they are indispensable. Even if we study the past for no more profound reason than because we wish to understand it, then that understanding must involve understanding why. History devoid of explanation can be no more tha…
Unemployment in the 1930s
Neh, Neh, Neh and The ‘Keynesian Solution’
The Income and Transactions Velocities of Money
*0034–6764/91/0901–383/$1.50/0. Notes *0034–6764/91/0901–383/$1.50/0
Change in income distribution and aggregate spending
During the 1980s, rising income inequality in the UK resulted partly from market conditions, and partly from supply-side policies that reduced social security benefits and income supports for low-wage earners. Greater Inequality, plus low levels of investment spending (relative to consumption)hinder the ability of demand management to raise the level of output and employment in the UK economy. Higher income earners have higher import propensities…
The Endogeneity of Money
For many years economists have argued that the money supply is endogenously determined. However, it has often been suggested that monetary regimes differ in important institutional respects and it may be that endogeneity may be true for some regimes and not for others. The aim of this paper is to test for endogeneity of money supply in the G7 countries and also to detect the existence of any interaction between the demand for bank lending and the…
Money, Credit and Spending
It is widely accepted that loans cause deposits. Hitherto, though, the empirical evidence has come from bivariate causality tests which we now know can give rise to invalid inference if either of the two variables is causally influenced by some third, omitted, variable. In this paper we have used tests developed by Toda and Yamamoto to investigate the possibility that earlier inferences were incorrect because of the omission of a third relevant v…
Monetary Policy Regimes. A Fragile Consensus
(2006). Monetary Policy Regimes. A Fragile Consensus. International Journal of Political Economy: Vol. 35, No. 1, pp. 62-83
The U.S. Fed and the Bank of England
This essay looks at the foundation and development of the U.S. Federal Reserve and the Bank of England through the perspective of the recent debate over central bank independence in the design of optimal monetary policy. It shows that the creators of the Federal Reserve were acutely aware that they were establishing a central bank (based to some degree on the Bank of England as it had then evolved). Thus they were troubled by the potential power …
Economics (9 works) · Economic Theory and Policy (5 works) · Monetary Policy and Economic Impact (5 works) · Monetary economics (4 works) · Monetary policy (4 works) · Computer Science (3 works) · Econometrics (3 works) · Banking stability, regulation, efficiency (2 works) · Causality (physics (2 works) · Endogeneity (2 works)