Carl E. Walsh is Professor of Economics at the University of California, Santa Cruz. He is coeditor of the International Journal of Central Banking and Visiting Scholar at the Federal Reserve Bank of San Francisco.
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. The book uses dynamic simulations to evaluate quantitatively the significance of the channels through which monetary policy and inflation affect the economy. It extensively examines modern approaches to monetary policy that stress the incentives facing central banks and the strategic interactions between central banks and the private sector. Where most treatments of monetary policy emphasize money supply control and money demand, this book focuses on the implications of interest rate control for monetary policy. The book is designed for advanced graduate students in monetary economics, economic researchers, and economists working in policy institutions and central banks.
此书适合博士读,货币理论的经济学模型,读起来很吃力。只读了部分内容,数学不够用哦 ,只记得部分货币理论结论,还是受益非浅
評分此书适合博士读,货币理论的经济学模型,读起来很吃力。只读了部分内容,数学不够用哦 ,只记得部分货币理论结论,还是受益非浅
評分此书适合博士读,货币理论的经济学模型,读起来很吃力。只读了部分内容,数学不够用哦 ,只记得部分货币理论结论,还是受益非浅
評分good and preliminary book for studying monetary theory and policy. I have read the previous version and expect to read the new one.
評分此书适合博士读,货币理论的经济学模型,读起来很吃力。只读了部分内容,数学不够用哦 ,只记得部分货币理论结论,还是受益非浅
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