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Monetary Economics: Policy and its Theoretical Basis
Paperback
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ISBN13: 9780230205956
Publisher: Bloomsbury Publishing PLC
Published: Apr 1 2009
Pages: 510
Weight: 2.10
Height: 1.10 Width: 7.40 Depth: 9.60
Language: English
This fully revised second edition of Bain and Howells' Monetary Economics provides an up-to-date examination of monetary policy as it is practised and the theory underlying it. The authors link the conduct of monetary policy to the IS/PC/MR model and extend this further through the addition of a simple model of the banking sector. They demonstrate why monetary policy is central to the management of a modern economy, showing how it might have lasting effects on real variables, and look at how the current economic crisis has weakened the ability of policymakers to influence aggregate demand through the structure of interest rates.
Monetary Economics is an ideal core textbook for advanced undergraduate modules in monetary economics and monetary theory and policy.
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