A Course in Monetary Economics
Sequential Trade, Money, and Uncertainty
1. Edition August 2004
424 Pages, Softcover
Wiley & Sons Ltd
A Course in Monetary Economics is an insightful introduction
to 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 inventive analysis explores an extensive range of topics
including the optimum quantity of money, optimal monetary and
fiscal policy, and uncertain and sequential trade models.
Additionally, the text contains a simple general equilibrium
version of Lucas (1972) confusion hypothesis, and presents and
synthesizes the results of recent empirical work. The text is
rooted in the author's years of teaching and research, and will be
highly suitable for monetary economics courses at both the
upper-level undergraduate and graduate levels.
* Money in the Utility Function
* More Explicit Models of Money
* Monetary Economics and Public Finance
* The Regulation of Banks and Near Moneys
* Money and the Business Cycle: Does Money Matter?
* Sticky Prices in a Cash-in-Advance Model
* Flexible Prices
* Uncertain and Sequential Trade (UST) Models
* A Monetary UST Model
* Limited Participation, Sticky Prices and UST: a Comparison
* A UST Cash-in-Advance Model with Storage
* Inventories and the Business Cycle
* Money and Credit in the Business Cycle
* Sticky Prices and UST: Evidence from Micro Data
* The Friedman Rule in a UST Model
* Reserve Requirements in a UST Model
* Sequential International Trade
* Endogenous Information and Informational Externalities
* UST with Random Utility Maximization
* Seemingly Rigid Prices
.
Index
