<b>The new edition of a comprehensive treatment of monetary economics, including the first extensive coverage of the effective lower bound on nominal interest rates.</b><br /><br />This textbook presents a comprehensive treatment of the most important topics in monetary economics, focusing on the pr
Monetary Theory and Policy
โ Scribed by Milton H. Marquis
- Publisher
- West Group
- Year
- 1996
- Tongue
- English
- Leaves
- 400
- Edition
- 1st
- Category
- Library
No coin nor oath required. For personal study only.
โฆ Synopsis
This text includes most of the material covered in a money and banking course, along with more advanced topics. Part I provides the basis for understanding issues in monetary theory and policy, then focuses on institutions. Part II gives an intermediate-level treatment of monetary economics, and includes significant current research in the field. Part III addresses further aspects of policymaking. The modern general equilibrium model is emphasized throughout the book. A graphical model of a representative economy replaces IS/LM in the core theory chapters.
๐ SIMILAR VOLUMES
This text examines the role of monetary institutions and policy in the functioning of a market economy.