Monetary Economics

Monetary Economics
Policy and its Theoretical Basis
Monetary Economics is an ideal course text for 3rd year modules in Monetary Economics. The book successfully achieves a balance between theory and practice and enables the student to understand the theoretical basis of monetary economics.The book is also distinctive in its concentrated focus on the practice of monetary policy. The authors view money supply as endogenous and central banks as preoccupied with interest rates rather than monetary aggregates, which gives the book a refreshingly practical and 'real world' character.
Contents
The Meaning of Money
Definitions of Money in Economics
The Money Supply Process
Money Supply and Control in the UK
The Theory of the Demand for Money
Testing the Demand for Money Function
The Transmission Mechanism of Monetary Policy 1 - Monetary Policy and Aggregate Demand
The Transmission Mechanism of Monetary Policy 2 - Aggregate Demand, Inflation and Output
The Theory of Monetary Policy
The Open Economy and Monetary Policy
The Evolution of Monetary Policy in the UK
The Monetary Authorities and Financial Markets
Monetary Policy in the European Union
Monetary Policy in the USA
Appendix
Printing of the book is limited to 10 pages per day.

Avainsanat: Monetary Economics