Monetary economics
- ISBN: 9780415199261
- Editorial: Routledge
- Fecha de la edición: 2000
- Lugar de la edición: London. None
- Encuadernación: Rústica
- Medidas: 23 cm
- Nº Pág.: 766
- Idiomas: Inglés
This textbook seeks to break new ground in developing an integrated and comprehensive overview of advanced monetary economics. It achieves this by integrating the presentation of monetary theory with its heritage, empirical formulations and their empirical tests. Rather than confine the coverage to the demand and supply of money, or to macroeconomic and monetary policy, the book brings together the core areas of monetary economics in a single source. Key features include: cross-country comparison of central banking in the USA, UK and Canada as well as in developing countries; theories and empirical studies of money demand, including precautionary and buffer stock models and monetary aggregation; detailed comparison of Keynesian and modern classical macroeconomic theory and policy models; focus on the role of money and financial institutions and growth, including the contribution of endogenous growth theory to the understanding of financial institutions in the economy. Students may in particular welcome the close integration between theories and their empirical studies. Requiring only a grounding in the principles of economics, this text is comprehensive enough to be used on a two term course, or used selectively on one term courses. Written in such a way that the theory of monetary economics is tempered by the goals of empirical relevance and intuitive understanding, the book contains the following pedagogical features: beginning of introductions and key concepts; and end of chapter summaries plus review and discussion questions. It should be of interest to techers and students of not only monetary economics, but money, banking and macroeconomics