Money: Theory and Practice (Springer Texts in Business and Economics) - Image 1

£64.10

Springer Money: Theory and Practice (Springer Texts in Business and Economics)

Name: Money: Theory and Practice (Springer Texts in Business and Economics)
Brand: Springer
Price: 64.1 GBP
Availability: InStock

Econometrics

Price History & Forecast

Last 42 days • 42 data points (No recent data available)

Historical

Generating forecast...

Price Distribution

Price distribution over 42 days • 1 price levels

Days at Price

Price Analysis

Most common price: £64 (42 days, 100.0%)

Price range: £64 - £64

Price levels: 1 different prices over 42 days

Description

This textbook provides an introduction to modern monetary economics for advanced undergraduates, highlighting the lessons learned from the recent financial crisis. The book presents both the core New Keynesian model and recent advances, taking into account financial frictions, and discusses recent research on an intuitive level based on simple static and two-period models, but also prepares readers for an extension to a truly dynamic analysis. Further, it offers a systematic perspective on monetary policy, covering a wide range of models to help readers gain a better understanding of controversial issues. Part I examines the long-run perspective, addressing classical monetary policy issues such as determination of the price level and interaction between monetary and fiscal policy. Part II introduces the core New Keynesian model, characterizing optimal monetary policy to stabilize short-term shocks. It discusses rules vs. discretion and the challenges arising from control errors, imperfect information and robustness issues. It also analyzes optimal control in the presence of an effective lower bound. Part III focuses on modelling financial frictions. It identifies the transmission mechanisms of monetary policy via banking and introduces models with incomplete markets, principal-agent problems, maturity mismatch and leverage cycles, to show why investors’ and intermediaries’ own stakes play a key role in lending with pro-cyclical features. In addition, it presents a tractable model for handling liquidity management and demonstrates that the need to sell assets in crisis amplifies the volatility of the real economy. Lastly, the book discusses the relation between monetary policy and financial stability, addressing systemic risk and the role of macro-prudential regulation.

Product Specifications

Brand: Springer
Format: hardcover
ASIN: 3030196968
Category: Books > Subjects > Business, Finance & Law > Economics > Econometrics
Domain: Amazon UK
Release Date: 16 December 2019
Listed Since: 04 April 2019

Barcode

No barcode data available

Springer Money: Theory and Practice (Springer Texts in Business and Economics)

Price History & Forecast

Price Distribution

Price Analysis

Description

Product Specifications

Barcode

Similar Products You Might Like

Macroeconomic Fluctuations and Policies

Monetary Unions: Institutions and Policies (Springer Texts in Business and Economics)

Money, Banking, and Financial Markets: A Modern Introduction to Macroeconomics

Monetary Macrodynamics: 127 (Routledge Frontiers of Political Economy)

Monetary Economics: Policy and its Theoretical Basis

Monetary Economics in Globalised Financial Markets

Macroeconomic Theory: A Dynamic General Equilibrium Approach (Second Edition)

Liquidity Preference and Monetary Economies (Routledge Critical Studies in Finance and Stability)

Recent Developments on Money and Finance: Exploring Links between Market Frictions, Financial Systems and Monetary Allocations: 24 (Studies in Economic Theory, 24)

Liquidity Preference and Monetary Economies (Routledge Critical Studies in Finance and Stability)

China’s Monetary Policy Regulation and Financial Risk Prevention: The Study of Effectiveness and Appropriateness

The Creators of Inside Money: A New Monetary Theory

Monetary Policy in India: A Modern Macroeconomic Perspective

Economic Policy: Theory and Practice

Routledge Modern Monetary Theory and European Macroeconomics

Macroeconomic Analysis (The MIT Press)

Trailblazing Visions of Money in Economic Theory: Essence, Genesis, and Economic Ramifications (Contributions to Economics)

Modern Monetary Theory and European Macroeconomics (Routledge International Studies in Money and Banking)

Monetary Policy in Interdependent Economies: The Task Ahead: 55 (Financial and Monetary Policy Studies, 55)

Monetary Policy in Interdependent Economies: The Task Ahead: 55 (Financial and Monetary Policy Studies, 55)

Macroeconomics: Institutions, Instability, and the Financial System by Carlin, Wendy, Soskice, David

Modern Theories of Money: The Nature and Role of Money in Capitalist Economies

Essays in Economic Dynamics: Theory, Simulation Analysis, and Methodological Study

Macroeconomic Policy: Demystifying Monetary and Fiscal Policy (Springer Texts in Business and Economics)