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Routledge Modern Monetary Theory & European Macroeconomics - Routledge

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Description

This book presents a fresh methodological framework for understanding money and macroeconomics through the lens of balance sheets. Rather than relying on abstract equilibrium models, the author examines how money is created and circulates through the financial system, focusing on the balance sheets of central banks, commercial banks, households, and firms. The analysis explores how central bank deposits and bank deposits form two interconnected monetary circuits, providing practical insights into how modern economies actually function. By grounding macroeconomic theory in real financial structures and balance sheet mechanics, this work bridges the gap between theoretical economics and the operational reality of monetary systems, making it essential reading for professionals, academics, and policymakers seeking a deeper understanding of contemporary monetary economics and its application to European economic policy.

Key Features

Modern Monetary Theory approach that prioritises balance sheet analysis over abstract equilibrium models for macroeconomic understanding.

Examination of central bank and commercial bank balance sheets to explain how money is created and circulates through modern economies.

Focus on the interconnected monetary circuits of central bank deposits and bank deposits that form the foundation of monetary systems.

Application of monetary theory specifically to European macroeconomic contexts and policy frameworks.

Practical framework for understanding how households, firms, and financial institutions interact through monetary mechanisms.

Product Specifications

Format
hardcover
Domain
Amazon UK
Release Date
01 July 2016
Listed Since
11 January 2016

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