Monetary economics : Policy and its theoretical basis
This textbook on monetary economics originated out of a class taught by Bain and Howells (professors of economics, U. of East London, UK). Their text differs from others on the same topic in that they reject what they see as the "dominant assumption almost everywhere that the money supply is ex...
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| Format: | Livre |
| Langue: | Undetermined |
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New York
Palgrave Macmillan
2003
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| Thư viện lưu trữ: | Trung tâm Học liệu Trường Đại học Cần Thơ |
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| Résumé: | This textbook on monetary economics originated out of a class taught by Bain and Howells (professors of economics, U. of East London, UK). Their text differs from others on the same topic in that they reject what they see as the "dominant assumption almost everywhere that the money supply is exogenous." In contrast they treat money as endogenous, thus elevating the importance of the supply of money over the demand for money. They also stress the importance of the topic for the entire field of economics, which leads to a greater emphasis on the theory and practice of monetary policy and a somewhat lesser emphasis on mathematics and econometrics. |
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