Monetary Economics

by Durlauf, Steven N.; Blume, Lawrence E.

• ISBN13: 9780230238879
• ISBN10: 0230238874
• Format: Hardcover
• Copyright: 2009-12-15
• Publisher: Palgrave Macmillan

Summary

Monetary economics

Author Biography

STEVEN N. DURLAUF is the Kenneth J. Arrow Professor of Economics at the University of Wisconsin at Madison, USA. He has served as Co-Director of the Economics Program of the Santa Fe Institute and is currently a Research Associate of the National Bureau of Economic Research. A Fellow of the Econometric Society, Durlauf's research covers a range of topics in macroeconomics, econometrics, and income inequality. He received a BA in Economics from Harvard in 1980 and his PhD in Economics from Yale in 1986.

LAWRENCE E BLUME is Goldwin Smith Professor of Economics at Cornell University, USA. He is a member of the external faculty at the Santa Fe Institute, where he has served as Co-Director of the Economics Program and on the Institute's steering committee. He teaches and conducts research in general equilibrium theory and game theory, and also has research projects on natural resource management and network design. A Fellow of the Econometric Society, he received an AB in Economics from Washington University and a PhD in Economics from Berkeley.

Table of Contents

List of Contributors	p. vii
General Preface	p. ix
Introduction	p. x
Bank of England	p. 1
banking crises	p. 14
central bank independence	p. 21
commodity money	p. 27
euro	p. 34
European Central Bank	p. 42
Federal Reserve System	p. 51
fiat money	p. 66
financial intermediation	p. 76
free banking era	p. 88
German hyperinflation	p. 92
gold standard	p. 96
government budget constraints	p. 108
Great Depression, monetary and financial forces in	p. 118
hyperinflation	p. 123
inflation targeting	p. 127
inside and outside money	p. 132
liquidity trap	p. 137
monetarism	p. 146
monetary aggregation	p. 157
monetary and fiscal policy overview	p. 164
monetary business cycle models (sticky prices and wages)	p. 175
monetary business cycles (imperfect information)	p. 181
monetary economics, history of	p. 189
monetary policy, history of	p. 205
monetary transmission mechanism	p. 216
money	p. 224
money and general equilibrium	p. 242
money supply	p. 250
neutrality of money	p. 262
optimal fiscal and monetary policy (with commitment)	p. 277
optimal fiscal and monetary policy (without commitment)	p. 283
optimum quantity of money	p. 287
payment systems	p. 291
quantity theory of money	p. 299
real bills doctrine versus the quantity theory	p. 339
search-and-matching models of monetary exchange	p. 348
silver standard	p. 357
Taylor rules	p. 362
time consistency of monetary and fiscal policy	p. 370
Index	p. 376
Table of Contents provided by Ingram. All Rights Reserved.

Supplemental Materials

What is included with this book?

The New copy of this book will include any supplemental materials advertised. Please check the title of the book to determine if it should include any access cards, study guides, lab manuals, CDs, etc.

The Used, Rental and eBook copies of this book are not guaranteed to include any supplemental materials. Typically, only the book itself is included. This is true even if the title states it includes any access cards, study guides, lab manuals, CDs, etc.

Rewards Program

Currently unavailable