Monetary Economics: Theories, Evidence, and PolicyMonetary Economics: Theories, Evidence and Policy, Second Edition provides basic introduction to various aspects of monetary economics. |
Contents
The functions advantages and definitions of money | 1 |
Monetary transmission mechanisms and the channels of monetary influence | 22 |
The demand for money | 40 |
Copyright | |
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Monetary Economics: Theories, Evidence and Policy David G. Pierce,Peter J. Tysome Limited preview - 2014 |
Common terms and phrases
aggregate demand argued assets assumed balance of payments bank deposits Bank of England behaviour bonds borrowing capital cash balances causal consider costs debt definition demand for money determined domestic economic agents economy equation example excess demand exogenous expansion fall Figure fiscal policy fixed exchange rates floating exchange rates foreign exchange foreign exchange market Friedman full employment function government expenditure inflationary influence interest rates investment Keynesian labour lending level of income LM curve loans long-run means of payment monetarist monetary approach monetary authorities monetary base control monetary policy money balances money market money stock money supply money wages natural levels NBFIs non-bank period Phillips curve portfolio adjustment price level private sector PSBR rate of growth rate of inflation rate of interest ratio rational expectations real wage reduce relationship result rise short-run stability sterling supply of money target transmission mechanism variables wealth effects