• 00:01    |    
    Initial Credits
  • 00:20    |    
  • 01:11    |    
    What is Capital-Based Macroeconomics?
    • Components of Capital
    • Principal Component of Economic Growth
  • 05:09    |    
    Mainstream Economics: The Austrian Approach
  • 06:20    |    
    The Old Methodology
  • 07:11    |    
    The Capital-Based Macroeconomics
    • The Roundaboutness
    • Implications of Production
    • Entrepreneurial Action
  • 13:53    |    
    Modeling Capital as "Hayekian Triangle"
    • Savings and Economic Growth
    • Savings-Induced Capital Restructuring
  • 19:22    |    
    Productions Frontiers
    • Natural Production Frontiers
    • Cyclical Production Frontiers
  • 21:55    |    
    Productivity-Induced Expansion
  • 23:20    |    
    Money-Induced Expansion
  • Effect on the Production Structure
  • 26:29    |    
    The Consequence of n Higher Inflation
    • The Soviet, Cuban and other Latin American Countries' Policy
    • The Growth and Debt Strategy
    • The German Unification Model: Forced Saving Strategy
  • 36:52    |    
    Productivity Gains and Inflation Targeting
    • Inflation Targeting
    • Effects on Production Frontier
    • Government and Consumption Credit-Driven Expansion
  • 44:45    |    
    Banking System as an Amplifier of the Monetary Impulses from the Central Bank
  • 47:52    |    
    Monetarist Theories
    • Types of Disaggregation
    • Equation of Exchange
  • 53:09    |    
    Monetarist View
    • The Downfall of the Monetarism Model
    • Comparisons of Each View
  • 57:32    |    
    • Why there a are various approaches to this problem?
    • Why did England kept the Gold Standard for many years?
    • What is the difference between Active and Passive Monetary Policy?
    • What is the risk of increasing the money supply?
    • What is the optimal quantity of money for each view?
    • Is electronic money going to discipline the government?
    • What are the disadvantages of a deflationary trend?
  • 01:21:25    |    
    Final Words
  • 01:22:04    |    
    Final Credits

Inflation and Deflation in a New Capital-Based Macroeconomic

New Media  | 09 de febrero de 2006  | Vistas: 5740

About this video

Capital-based macroeconomics is defined as the integration of capital structure into macroeconomics. In this lecture Antony Mueller, PhD, analyzes the model and makes some changes to the approach developed by Robert W. Garrison in Time and Money, regarding inflation and deflation. Dr. Mueller explains the importance of capital to achieve economic growth. He talks about the roundabout methods of production (Roundaboutness) and analyzes the Hayekian triangle which shows the stages of production and the relationship between savings and economic growth. He also examines the natural and cyclical production frontiers, talks about the productivity-induced expansion and the money-induced expansion, and gives his point of view regarding the expansive monetary policy that leads to inflation if it is not backed up by higher authentic savings. Dr. Mueller comments on productivity gains, inflation targeting, credit expansion and credit crunch, and finally, compares the Austrian, Keynesian and Monetarist disaggregation.


Inflation and Deflation in a New Capital-based Macroeconomic
Antony Mueller

Academic Building A-407
Universidad Francisco Marroquín
Guatemala, February 9th, 2006

A production of New Media - UFM Guatemala, February 2006
Camera: Jorge Samayoa; digital editing: Rodrigo Escalante; index: Christiaan Ketelaar; publication: Pedro David España


Dr. Antony P. Mueller was born in Germany where he obtained…