Monetary Economics / Edition 1

by Jagdish Handa

Overview

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.

Product Details

ISBN-13:	9780415199261
Publisher:	Taylor & Francis
Publication date:	04/20/2000
Edition description:	Older Edition
Pages:	788
Product dimensions:	6.88(w) x 9.69(h) x (d)

About the Author

Jagdish Handa is Professor of Economics at McGill University in Canada and has taught monetary economics for over three decades.

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