Monetary Economics: Policy and Its Theoretical Basis - Couverture souple

Bain, K.; Howells, P.G.A.

Couverture souple

ISBN 10 : 0333792556 ISBN 13 : 9780333792551

Editeur : Palgrave Macmillan, 2003

Synopsis

"Monetary Economics" is a useful course text for third year modules in monetary economics. The book achieves a balance between theory and practice and enables the student to understand the theoretical basis of monetary economics. It 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 practical and "real world" character.

A propos du livre

Présentation de l'éditeur :

The second edition of this successful textbook closely links discussion of theory and real world policy, providing students with a comprehensive and practical grounding of monetary economics. This successful and popular textbook incorporates current issues in monetary economics. Clear and balanced discussion of both theory and practice is provided throughout the book. It focuses on the endogeneity of money supply and the role of central banks reflects actual monetary policy. The second edition of this successful textbook provides students with a comprehensive and practical grounding of monetary economics. The authors view money supply as endogenous and focus on the role of central banks meaning that discussion of theory and real world policy are closely linked throughout the book.

Revue de presse :

The current financial crisis has thrown the inadequacies of much standard analysis, and not least the mechanical multiplier model of money creation, into sharp relief. Never has a text on monetary economics based on a more realistic model in which banks create money been more needed. Bain and Howells focus on monetary policy, and in particular the control of short term interest rates, and introduce monetary theory as a means of understanding how, why and when monetary policy works. This is theory with a purpose. - Professor Richard Jackman, LSE
--Professor Richard Jackman

À propos de cette édition

• Éditeur: Palgrave Macmillan
• Date d'édition: 2003
• ISBN 10: 0333792556
• ISBN 13: 9780333792551
• Reliure: Broché
• Nombre de pages: 528