Monetary Theory and Policy
Monetary Theory and Policy by Carl E. Walsh, published by MIT Press in 2003, is a comprehensive exploration of advanced topics in monetary economics. This second edition spans 612 pages and is presented in English. The book delves into the models economists utilize to analyze the interplay between real and monetary factors, offering a detailed examination of various theoretical frameworks.
Readers will find extensive discussions on general equilibrium models of money, the short-run effects of monetary policy, and game-theoretic approaches. Key topics include money-in-the-utility-function models, cash-in-advance models, and the credit channel of money, along with insights into monetary policy operating procedures and the relationship between interest rates and monetary policy. This edition serves as a valuable resource for those interested in the intricate dynamics of finance and economics.
Official synopsis Publisher
This volume 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 credit channel of money, models of time consistency, monetary policy operating procedures, and interest rates and monetary policy.
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