Friday, 4 December 2009

Monetary Theory and Policy

Monetary Theory and Policy



Author: Carl E. Walsh
Edition: third edition
Publisher: The MIT Press
Binding: Hardcover
ISBN: 0262013770
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Monetary Theory and Policy



This text presents a comprehensive treatment of the most important topics in monetary economics, focusing on the primary models monetary economists have employed to address topics in theory and policy.Monetary Theory and Policy review. It covers the basic theoretical approaches, shows how to do simulation work with the models, and discusses the full range of frictions that economists have studied to understand the impacts of monetary policy. Among the topics presented are money-in-the-utility function, cash-in-advance, and search models of money; informational, portfolio, and nominal rigidities; credit frictions; the open economy; and issues of monetary policy, including discretion and commitment, policy analysis in new Keynesian models, and monetary operating procedures. The use of models based on dynamic optimization and nominal rigidities in consistent general equilibrium frameworks, relatively new when introduced to students in the first edition of this popular text, has since become the method of choice of monetary policy analysis. This third edition reflects the latest advances in the field, incorporating new or expanded material on such topics as monetary search equilibria, sticky information, adaptive learning, state-contingent pricing models, and channel systems for implementing monetary policyRead full reviews of Monetary Theory and Policy, Third Edition.

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Monetary Theory and Policy, 2nd Edition
Monetary Theory and Policy 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 credi

Monetary Theory and Policy, Third Edition
Monetary Theory and Policy, Third Edition - Carl E. Walsh

Monetary Theory and Policy, Third Edition
Review This text presents a comprehensive treatment of the most important topicsin monetary economics, focusing on the primary models monetary economists haveemployed to address topics in theory and policy. It covers the basic theoreticalapproaches, shows how to do simulation work with the models, and discusses the fullrange of frictions that economists have studied to understand the impacts ofmonetary policy. Among the topics presented are money-in-the-utility function,cash-in-advance, and search models of money; informational, portfolio, and nominalrigidities; credit frictions; the open econ

Monetary Theory And Policy From Hume And Smith To Wicksell By Arie Arnon Pap
Store Search search Title, ISBN and Author Monetary Theory and Policy from Hume and Smith to Wicksell by Arie Arnon Estimated delivery 3-12 business days Format Paperback Condition Brand New This 2011 book provides a survey of the major developments in monetary theory and policy from Hume and Smith to Wicksell. Publisher Description This 2011 book provides a comprehensive survey of the major developments in monetary theory and policy from David Hume and Adam Smith to Walter Bagehot and Knut Wic

Monetary Theory And Policy From Hume And Smith To Wicksell Ebook
Buy Monetary Theory and Policy from Hume and Smith to Wicksell by Arie Arnon and Read this Book on Kobo's Free Apps. Discover Kobo's Vast Collection of Ebooks Today - Over 3 Million Titles, Including 2 Million Free Ones!



Monetary Theory and Policy Reviews


It covers the basic theoretical approaches, shows how to do simulation work with the models, and discusses the full range of frictions that economists have studied to understand the impacts of monetary policy. Among the topics presented are money-in-the-utility function, cash-in-advance, and search models of money; informational, portfolio, and nominal rigidities; credit frictions; the open economy; and issues of monetary policy, including discretion and commitment, policy analysis in new Keynesian models, and monetary operating procedures. The use of models based on dynamic optimization and nominal rigidities in consistent general equilibrium frameworks, relatively new when introduced to students in the first edition of this popular text, has since become the method of choice of monetary policy analysis. This third edition reflects the latest advances in the field, incorporating new or expanded material on such topics as monetary search equilibria, sticky information, adaptive learning, state-contingent pricing models, and channel systems for implementing monetary policy. Much of the material on policy analysis has been reorganized to reflect the dominance of the new Keynesian approach. Monetary Theory and Policy continues to be the only comprehensive and up-to-date treatment of monetary economics, not only the leading text in the field but also the standard reference for academics and central bank researchers.



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