A Course in Monetary Economics: Sequential Trade, Money, and Uncertainity / Edition 1

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Overview

Monetary Economics and Sequential Trade is an insightful introduction to the advanced topics in monetary economics. Accessible to students who have mastered the diagrammatic tools of economics, it discusses real issues with a variety of modeling alternatives, allowing for a direct comparison of the implications of the different models. The exposition is clear and logical, providing a solid foundation in monetary theory and the techniques of economic modeling. The text is rooted in the author's years of teaching and research, and will be highly suitable for monetary economics courses in both the upper-level undergraduate and graduate levels.

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Product Details

  • ISBN-13: 9780631215660
  • Publisher: Wiley
  • Publication date: 8/28/2004
  • Edition description: New Edition
  • Edition number: 1
  • Pages: 424
  • Product dimensions: 6.70 (w) x 9.70 (h) x 1.30 (d)

Meet the Author

Benjamin Eden is a Professor of Economics at Vanderbilt University and the University of Haifa in Israel. He has published articles in numerous academic journals, including The Journal of Political Economy, The Quarterly Journal of Economics, and The American Economic Review. Professor Eden served for many years as a consultant to the Bank of Israel, and has taught monetary economics at various schools including Carnegie Mellon University, UCLA, the University of Iowa and the University of Chicago.

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Table of Contents

  1. Introduction
  2. Money in the Utility Function
  3. More Explicit Models of Money
  4. Monetary Economics and Public Finance
  5. The Regulation of Banks and Near Moneys
  6. Money and the Business Cycle: Does Money Matter?
  7. Sticky Prices in a Cash-in-Advance Model
  8. Flexible Prices
  9. Uncertain and Sequential Trade (UST) Models
  10. A Monetary UST Model
  11. Limited Participation, Sticky Prices and UST: a Comparison
  12. A UST Cash-in-Advance Model with Storage
  13. Inventories and the Business Cycle
  14. Money and Credit in the Business Cycle
  15. Sticky Prices and UST: Evidence from Micro Data
  16. The Friedman Rule in a UST Model
  17. Reserve Requirements in a UST Model
  18. Sequential International Trade
  19. Endogenous Information and Informational Externalities
  20. UST with Random Utility Maximization
  21. Seemingly Rigid Prices
.

Index

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