Monetary Economics / Edition 1

by Jagdish Handa

Overview

This text breaks new ground in developing an integrated and comprehensive overview of advanced monetary economics. It integrates 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 monentary economics.

Product Details

ISBN-13:	9780415199254
Publisher:	Taylor & Francis
Publication date:	04/20/2000
Pages:	788
Product dimensions:	7.00(w) x 10.00(h) x (d)

About the Author

Jagdish Handa is Professor of Economics at McGill University in Canada and has taught monetary economics and macroeconomics for over forty years.

Table of Contents

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