Monetary Economics

Monetary Economics

by Steven N. Durlauf
     
 

ISBN-10: 0230238882

ISBN-13: 9780230238886

Pub. Date: 12/22/2009

Publisher: Palgrave Macmillan

Monetary economics

Monetary economics is one of the most venerable fields of study in all of economics. Nevertheless, the field continues to produce new insights whether one considers deep theoretical questions concerning the integration of money into general equilibrium models or the design of monetary policy rules. The entries in this collection include both

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Overview

Monetary economics

Monetary economics is one of the most venerable fields of study in all of economics. Nevertheless, the field continues to produce new insights whether one considers deep theoretical questions concerning the integration of money into general equilibrium models or the design of monetary policy rules. The entries in this collection include both classic entries by Milton Friedman and James Tobin as well as a comprehensive overview of contemporaneous perspectives.

Product Details

ISBN-13:
9780230238886
Publisher:
Palgrave Macmillan
Publication date:
12/22/2009
Series:
New Palgrave Economics Collection Series
Edition description:
New Edition
Pages:
368
Product dimensions:
6.00(w) x 9.10(h) x 0.90(d)

Table of Contents

List of Contributors vii

General Preface ix

Introduction x

Bank of England Charles A.E. Goodhart 1

banking crises Charles W. Calomiris 14

central bank independence Carl E. Walsh 21

commodity money François R. Velde Warren E. Weber 27

euro Adam S. Posen 34

European Central Bank Michael Binder Volker Wieland 42

Federal Reserve System Donald D. Hester 51

fiat money Neil Wallace 66

financial intermediation J.H. Boyd 76

free banking era Arthur J. Rolnick Warren E. Weber 88

German hyperinflation Theo Balderston 92

gold standard Lawrence H. Officer 96

government budget constraints Eric M. Leeper James M. Nason 108

Great Depression, monetary and financial forces in Satyajit Chatterjee P. Dean Corbae 118

hyperinflation Juan Pablo Nicolini 123

inflation targeting Lars E.O. Svensson 127

inside and outside money Ricardo Lagos 132

liquidity trap Gauti B. Eggertsson 137

monetarism Phillip Cagan 146

monetary aggregation William A. Barnett 157

monetary and fiscal policy overview Narayana R. Kocherlakota 164

monetary business cycle models (sticky prices and wages) Christopher J. Erceg 175

monetary business cycles (imperfect information) Christian Hellwig 181

monetary economics, history of Robert W. Dimand 189

monetary policy, history of Michael D. Bordo 205

monetary transmission mechanism Peter N. Ireland 216

money James Tobin 224

money and general equilibrium Douglas Gale 242

money supply Benjamin M. Friedman 250

neutrality of money Don Patinkin 262

optimal fiscal and monetary policy (with commitment) Mikhail Golosov Aleh Tsyvinski 277

optimal fiscal and monetary policy (without commitment) Mikhail Golosov Aleh Tsyvinski283

optimum quantity of money Timothy S. Fuerst 287

payment systems William Roberds 291

quantity theory of money Milton Friedman 299

real bills doctrine versus the quantity theory Timothy S. Fuerst 339

search-and-matching models of monetary exchange Randall Wright 348

silver standard Lawrence H. Officer 357

Taylor rules Athanasios Orphanides 362

time consistency of monetary and fiscal policy Paul Klein 370

Index 376

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