Monetary Theory and Policy, 2nd Edition
Author: Carl E. Walsh Manufacturer: The MIT Press Keywords: Medical ISBN: 0262232316
Book description Monetary Theory and Policy presents an advanced treatment of critical topics in monetary economics and the models economists use to investigate the interactions between real and monetary factors. It provides extensive coverage of general equilibrium models of money, models of the short-run real effects of monetary policy, and game-theoretic approaches to monetary policy. Among the topics covered are money-in-the-utility-function models, cash-in-advance models, money and public finance, the credit channel of money, models of time consistency, monetary policy operating procedures, and interest rates and monetary policy. The book uses dynamic simulations to evaluate quantitatively the…
Book review: Superb book, detailed and thorough This great book helped me to get a better understanding of modern monetary theory, and so I thought I'd make a few comments on that, perhaps couched in easier to understand language and more mundane… This book deals with most of the modern monetary theory issues. Eventhough it clearly says it is written for graduate students, undergraduate ones with good algebra and calculus levels could… |
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