ABSTRACT
A comprehensive overview of advanced monetary economics, integrating the presentation of monetary theory with empirical formulations and their empirical tests. Unlike most texts this book brings together in a single unified source the core areas of monetary economics. Key features include:
* cross-country comparison of central banking in the US, UK and developing countries
* theories and empirical studies on money demand, including precautionary and buffer stock models and monetary aggregation
* detailed comparison of Keynesian and modern classical macroeconomic theoretical and policy models
* a focus on the role of money and financial institutions and growth.
TABLE OF CONTENTS
part 1|52 pages
Introduction and Heritage
part 2|31 pages
Money in the Economy
part 3|145 pages
The Demand for Money
part 4|97 pages
Money Supply and Central Banking
part 5|175 pages
Money in the Macroeconomy
part 6|61 pages
Money in the Open Economy
part 7|57 pages
The Rates of Interest in the Economy
part 8|71 pages
Overlapping Generations Models of Money
part 9|58 pages
Money and Financial Institutions in Growth Theory