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Monetary Theory and Policy

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Monetary Theory and Policy

Format

Hardback

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Monetary Theory and Policy by Carl E Walsh
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Description

This volume presents an advanced treatment of critical topics in monetary economics and the models economists use to investigate the interactions between real and monetary factors. It provides extensive coverage of general equilibrium models of money, models of the short-run real effects of monetary policy, and game-theoretic approaches to monetary policy. Among the topics covered are money-in-the-utility-function models, cash-in-advance models, money and public finance, the credit channel of money, models of time consistency, monetary policy operating procedures, and interest rates and monetary policy. The book uses dynamic simulations to evaluate quantitatively the significance of the channels through which monetary policy and inflation affect the economy. It extensively examines modern approaches to monetary policy that stress the incentives facing central banks and the strategic interactions between central banks and the private sector. Where most treatments of monetary policy emphasize money supply control and money demand, this book focuses on the implications of interest rate control for monetary policy. The book is designed for advanced graduate students in monetary economics, economic researchers, and economists working in policy institutions and central banks.

Author Biography

Carl E. Walsh is Professor of Economics at the University of California, Santa Cruz.
Release date NZ
May 6th, 2003
Author
Country of Publication
United States
Edition
2nd Revised edition
Illustrations
42
Imprint
MIT Press
Pages
632
Dimensions
178x229x40
ISBN-13
9780262232319
Product ID
1838034

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