Menu
Виж статуса на поръчката
Свържете се с нас
Книга Money: Theory and Practice Jin Cao

Money: Theory and Practice

Автор: Jin Cao, Gerhard Illing
Език: Английски език
Корици: С меки корици
Издател: Springer Nature Switzerland AG
Наличност: Външен склад
Изпращаме след 8-11 дни
58.85 € 115.11 лв
This textbook provides an introduction to modern monetary economics for advanced undergraduates, hig...

Информация за книгата

Автор
Jin Cao, Gerhard Illing
Език
Английски език
Корици
Книга - С меки корици
Издадена
2020
страници
406
EAN
9783030196998
ISBN
3030196992
Enbook ID
37627158
Издател
Springer Nature Switzerland AG
Теглоt
755
Размери
155 x 235 x 13

Пълно описание

This textbook provides an introduction to modern monetary economics for advanced undergraduates, highlighting the lessons learned from the recent financial crisis. The book presents both the core New Keynesian model and recent advances, taking into account financial frictions, and discusses recent research on an intuitive level based on simple static and two-period models, but also prepares readers for an extension to a truly dynamic analysis. Further, it offers a systematic perspective on monetary policy, covering a wide range of models to help readers gain a better understanding of controversial issues. Part I examines the long-run perspective, addressing classical monetary policy issues such as determination of the price level and interaction between monetary and fiscal policy. Part II introduces the core New Keynesian model, characterizing optimal monetary policy to stabilize short-term shocks. It discusses rules vs. discretion and the challenges arising from control errors, imperfect information and robustness issues. It also analyzes optimal control in the presence of an effective lower bound. Part III focuses on modelling financial frictions. It identifies the transmission mechanisms of monetary policy via banking and introduces models with incomplete markets, principal-agent problems, maturity mismatch and leverage cycles, to show why investors' and intermediaries' own stakes play a key role in lending with pro-cyclical features. In addition, it presents a tractable model for handling liquidity management and demonstrates that the need to sell assets in crisis amplifies the volatility of the real economy. Lastly, the book discusses the relation between monetary policy and financial stability, addressing systemic risk and the role of macro-prudential regulation.

Може също да ви хареса

Modern Leatherwork for Makers

Tim Deagan
22.46 € 43.93 лв

Market Abuse and Insider Dealing

Barry Rider
196.98 € 385.25 лв

Other Sister

Peter Nyström
24.83 € 48.55 лв

Creating Effective Teaching and Learning Spaces

Zilungile Lungi Sosibo
51.01 € 99.77 лв

Finding Home: A Collection of Poetry

Rachel Leann Harrison
6.58 € 12.87 лв

Recollections of Three Reigns / by Sir Frederick Ponsonby; Prepared for Press With Notes and an Introductory Memoir by Colin Welch

Frederick Edward Grey Baro Ponsonby
35.33 € 69.10 лв

In the Zone II

Lee J. Schraner
15.33 € 29.97 лв

Great Benin: Its Customs, Art and Horrors

H. Ling Roth
29.85 € 58.38 лв

Advances in Data, Methods, Models and Their Applications in Geoscience

Dongmei Chen
133.90 € 261.88 лв

Клиенти, които купиха тази книга, купиха също

PROYECTO LUZ DEL SOL. UNA FORMA DIFERENTE DE ENTRETENIMIENTO

ANAYA AGUILAR
13.82 € 27.02 лв

Shaolin Qi Gong

23.07 € 45.11 лв

La fièvre des urnes

Pernot laurent
24.27 € 47.47 лв

Puzzle (Puzzle)

Michael Brueckmann
35.08 € 68.61 лв

Mitteilungen der kaiserlich-koeniglichen Zentralkommission

Anonymous
22.56 € 44.13 лв

Piesočníci a bludný asteroid

Václav Dvořák
17.74 € 34.69 лв