This fully revised second edition of Bain and Howells' Monetary Economics provides an up-to-date examination of monetary policy as it is practised and the theory underlying it. The authors link the conduct of monetary policy to the IS/PC/MR model and extend this further through the addition of a simple model of the banking sector. They demonstrate why monetary policy is central to the management of a modern economy, showing how it might have lasting effects on real variables, and look at how the current economic crisis has weakened the ability of policymakers to influence aggregate demand through the structure of interest rates. The second edition: * features a realistic account of the conduct of monetary policy when the money supply is endogenous * provides a detailed and up-to-date account of the conduct of monetary policy and links this explicitly to a framework for teaching macroeconomics * includes recent changes in money market operations and an examination of the problems posed for monetary policy by the recent financial crisis Monetary Economics is an ideal core textbook for advanced undergraduate modules in monetary economics and monetary theory and policy.
FREE Two-Day Shipping for students on millions of items. Learn more |
 Sell Back Your Copy for $27.54
Whether you buy it used on Amazon for $30.56 or somewhere else, you can sell it back through our Book Trade-In Program at the current price of $27.54.
Used Price$30.56
Trade-in Price$27.54
Price after
Trade-in$3.02 |
Book Description
Frequently Bought Together
Editorial Reviews
Review
"The current financial crisis has thrown the inadequacies of much standard analysis, and not least the mechanical multiplier model of money creation, into sharp relief. Never has a text on monetary economics based on a more realistic model in which banks create money been more needed. Bain and Howells focus on monetary policy, and in particular the control of short term interest rates, and introduce monetary theory as a means of understanding how, why and when monetary policy works. This is theory with a purpose." - Professor Richard Jackman, London School of Economics
About the Author
KEITH BAIN was Principal Lecturer in Economics at the University of East London, UK. He taught on a number of modules including Monetary Economics, Economic Policy and Finance and the Economy. PETER HOWELLS is Professor of Monetary Economics at the University of the West of England, UK, where he is a member of the Centre for Global Finance.
Product Details
Would you like to update product info or give feedback on images?
|
More About the Author
Discover books, learn about writers, read author blogs, and more.
Customer Reviews
|
Share your thoughts with other customers:
|
||||||||||||||||||||||
|
Most Helpful Customer Reviews
0 of 1 people found the following review helpful:
5.0 out of 5 stars
Excellent book,
Amazon Verified Purchase(What's this?)
This review is from: Monetary Economics: Policy and its Theoretical Basis (Paperback)
A must have book for all those who likes monetary economics or want to know more about it. 5 stars book!
Share your thoughts with other customers: Create your own review
|
|
What Other Items Do Customers Buy After Viewing This Item?
Suggested Tags from Similar Products(What's this?)Be the first one to add a relevant tag (keyword that's strongly related to this product).
|
Sell a Digital Version of This Book in the Kindle Store
If you are a publisher or author and hold the digital rights to a book, you can sell a digital version of it in our Kindle Store.
Learn more
Customer Discussions
|
This product's forum
Active discussions in related forums
Search Customer Discussions
|
Related forums
|
Listmania!
|
|
