Jagdish Handa is Professor of Economics at McGill University in Canada and has taught monetary economics and macroeconomics for over forty years.
This successful text, now in its second edition, offers the most comprehensive overview of monetary economics and monetary policy currently available. It covers the microeconomic, macroeconomic and monetary policy components of the field.
Major features of the new edition include:
- Stylised facts on money demand and supply, and the relationships between monetary policy, inflation, output and unemployment in the economy.
- Theories on money demand and supply, including precautionary and buffer stock models, and monetary aggregation.
- Cross-country comparison of central banking and monetary policy in the US, UK and Canada, as well as consideration of the special features of developing countries.
- Monetary growth theory and the distinct roles of money and financial institutions in economic growth in promoting endogenous growth.
This book will be of interest to teachers and students of monetary economics, money and banking, macroeconomics and monetary policy.
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The book is the most comprehensive guide to monetary economics on the market.
The book is fully international and includes much more analysis of developing countries than the competition.
The book includes recent developments in monetary economics including endogenous growth theory and the rise of new Keynesian economics
Part 1. Introduction and Heritage, 1. Introduction, 2. The heritage of monetary economics, Part 2. Money in the Economy, 3. Money in the economy: general equilibrium analysis, Part 3. The demand for money, 4. The transactions demand for money, 5. Portfolio selection and the speculative demand for money, 6. Precautionary and buffer stock demand for money, 7. Monetary aggregation, 8. The demand function for money, 9. The demand function for money: estimation problems, techniques and findings, Part 4. Monetary Policy and Central Banking, 10. The operating targets of monetary policy: money supply and interest rates, 11. The central bank: goals, targets and instruments, 12. The central bank: independence, time consistency and credibility, Part 5. Monetary Policy and the Macroeconomy, 13. The determination of aggregate demand, 14. The classical paradigm in Macroeconomics, 15. The Keynesian paradigm, 16. Money, bonds and credit in macro modeling, 17. Macro models and perspectives on the neutrality of money, 18. Walras' law and the interaction among markets, Part 6. The Rates of Interest in the Economy, 19. The macroeconomic theory of the rate of interest, 20. The structure of interest rates, Part 7. Overlapping generations models of money, 21. The benchmark overlapping generations model of fiat money, 22. The OLG model: seigniorage, bonds and the neutrality of money, 23. The OLG model of money: making it more realistic, Part 8. Money and Financial Institutions in Growth Theory, 24. Monetary Growth Theory
Offers an overview of monetary economics and monetary policy. This book covers the microeconomic, macroeconomic and monetary policy components of the field. It offers facts on money demand and supply, and features the relationships between monetary policy, inflation, output and unemployment in the economy.
Inhaltsverzeichnis
Part 1. Introduction and Heritage, 1. Introduction, 2. The heritage of monetary economics, Part 2. Money in the Economy, 3. Money in the economy: general equilibrium analysis, Part 3. The demand for money, 4. The transactions demand for money, 5. Portfolio selection and the speculative demand for money, 6. Precautionary and buffer stock demand for money, 7. Monetary aggregation, 8. The demand function for money, 9. The demand function for money: estimation problems, techniques and findings, Part 4. Monetary Policy and Central Banking, 10. The operating targets of monetary policy: money supply and interest rates, 11. The central bank: goals, targets and instruments, 12. The central bank: independence, time consistency and credibility, Part 5. Monetary Policy and the Macroeconomy, 13. The determination of aggregate demand, 14. The classical paradigm in Macroeconomics, 15. The Keynesian paradigm, 16. Money, bonds and credit in macro modeling, 17. Macro models and perspectives on the neutrality of money, 18. Walras' law and the interaction among markets, Part 6. The Rates of Interest in the Economy, 19. The macroeconomic theory of the rate of interest, 20. The structure of interest rates, Part 7. Overlapping generations models of money, 21. The benchmark overlapping generations model of fiat money, 22. The OLG model: seigniorage, bonds and the neutrality of money, 23. The OLG model of money: making it more realistic, Part 8. Money and Financial Institutions in Growth Theory, 24. Monetary Growth Theory
