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Monetary economics : theories, evidence, and policy /
Monetary Economics: Theories, Evidence and Policy, Second Edition provides basic introduction to various aspects of monetary economics.
| Clasificación: | Libro Electrónico |
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| Autor principal: | |
| Otros Autores: | |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
London ; Boston :
Butterworths,
1985.
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| Edición: | 2nd ed. |
| Temas: | |
| Acceso en línea: | Texto completo |
Tabla de Contenidos:
- Front Cover; Dedication; Monetary Economics: Theories, Evidence and Policy; Copyright Page; Preface; Table of Contents; Chapter 1. The functions, advantages and def�initions of money; The functions of money; The advantages of having money: the monetary economy; What is money? Some theoretical and empirical def�initions; United Kingdom def�initions of monetary aggregates; Chapter 2. Monetary transmission mechanisms and the channels of monetary influence; The portfolio balance transmission mechanism; The wealth transmission mechanism; The credit availability transmission mechanism
- The expectations transmission mechanismThe open economy; Summary and conclusion; Chapter 3. The demand for money; The classical approach; The Keynesian analysis; Post-Keynesian developments; The monetarist approach; The empirical evidence; Chapter 4. Financial intermediaries and the supply of money; The nature and functions of f�inancial intermediaries; The supply of money; Non-bank f�inancial intermediaries; Notes; Chapter 5. The classical system and the neutrality of money; The classical system; The neutrality conditions; Notes; Chapter 6. The Keynesian system; Keynesian economics
- The Keynesian model in the open economyThe re-interpretation of Keynes; Notes; Chapter 7. Monetarism; The quantity theory; The transmission mechanism; The inherent stability of the private sector and the unimportance of sectoral detail; The role of macroeconomic policy; Monetarists, f�iscal policy and crowding-out; Note; Chapter 8. A review of the empirical evidence relating to the role of money and the effectiveness of monetary policy; Time lags; Keynes versus the quantity theory in predicting macrovariables; Monetary policy versus fiscal policy; A question of causality; Chapter 9. Inflation
- Market theories of inflationNon-market theories of inflation; Inflation in an international context; Note; Chapter 10. The balance of payments and the foreign exchange rate; Monetary and other approaches to the balance of payments; Foreign exchange rate determination; Chapter 11. Monetary policy: targets, indicators, rules and discretion; The choice of targets and indicators; Indicators; Rules versus discretion; Chapter 12. Techniques of monetary control; Direct controls over deposits; Direct controls over supply-side counterparts; Market controls over deposits
- Market controls over supply-side counterpartsControlling the PSBR; Notes; Chapter 13. Monetary policy in the UK since the Second World War; The 1960s; Competition and credit control; December 197-9; The early 1980s; Appendix: summary of the new monetary control arrangements introduced in 1981; References; Index