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Monetary Economics: Policy and its Theoretical Basis [Paperback]

Bain , Howells
5.0 out of 5 stars  See all reviews (1 customer review)
Price: 43.99 & FREE Delivery in the UK. Details
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Book Description

31 Mar 2009 9780230205956 978-0230205956 2nd edition

This fully revised second edition of Bain and Howells' Monetary Economics provides an up-to-date examination of monetary policy as it is practised and the theory underlying it. The authors link the conduct of monetary policy to the IS/PC/MR model and extend this further through the addition of a simple model of the banking sector. They demonstrate why monetary policy is central to the management of a modern economy, showing how it might have lasting effects on real variables, and look at how the current economic crisis has weakened the ability of policymakers to influence aggregate demand through the structure of interest rates.
The second edition:
  • features a realistic account of the conduct of monetary policy when the money supply is endogenous
  • provides a detailed and up-to-date account of the conduct of monetary policy and links this explicitly to a framework for teaching macroeconomics
  • includes recent changes in money market operations and an examination of the problems posed for monetary policy by the recent financial crisis

Monetary Economics is an ideal core textbook for advanced undergraduate modules in monetary economics and monetary theory and policy.

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Product details

  • Paperback: 502 pages
  • Publisher: Palgrave Macmillan; 2nd edition edition (31 Mar 2009)
  • Language: English
  • ISBN-10: 9780230205956
  • ISBN-13: 978-0230205956
  • ASIN: 023020595X
  • Product Dimensions: 24 x 19 x 3 cm
  • Average Customer Review: 5.0 out of 5 stars  See all reviews (1 customer review)
  • Amazon Bestsellers Rank: 261,234 in Books (See Top 100 in Books)
  • See Complete Table of Contents

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The current financial crisis has thrown the inadequacies of much standard analysis, and not least the mechanical multiplier model of money creation, into sharp relief. Never has a text on monetary economics based on a more realistic model in which banks create money been more needed. Bain and Howells focus on monetary policy, and in particular the control of short term interest rates, and introduce monetary theory as a means of understanding how, why and when monetary policy works. This is theory with a purpose. - Professor Richard Jackman, LSE

Book Description

The second edition of this successful textbook closely links discussion of theory and real world policy, providing students with a comprehensive and practical grounding of monetary economics

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Most Helpful Customer Reviews
2 of 2 people found the following review helpful
Format:Paperback|Verified Purchase
These authors should go around in capes and eye-masks - they are that good.

This is a very clear and comprehensive text that explains monetary theory in plain english and introduces a thorough algebraic analysis where necessary eg multiplier analysis, Flow-of-funds theory, IS / LM analysis etc.

Highly recommended.
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Most Helpful Customer Reviews on (beta) 5.0 out of 5 stars  2 reviews
1 of 1 people found the following review helpful
5.0 out of 5 stars Excellent Book on Monetary Economics 13 July 2012
By A. A. A. Harvey - Published on
If you are an undergraduate who wants to have a good understanding of monetary economics this is the book I would highly recommend. A good starting point if you want to know how the financial markets work.
0 of 1 people found the following review helpful
5.0 out of 5 stars Excellent book 14 Oct 2011
By guigosdz - Published on
Format:Paperback|Verified Purchase
A must have book for all those who likes monetary economics or want to know more about it. 5 stars book!
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