Name: Money: Theory and Practice (en Inglés)
Price: 150580.00 CLP
Availability: InStock
Author: Cao, Jin ; Illing, Gerhard
ISBN: 9783030196967

portada Money: Theory and Practice (en Inglés)

Formato

Libro Físico

Autor

Jin Cao

Gerhard Illing

Editorial

Springer

Idioma

Inglés

N° páginas

406

Encuadernación

Tapa Dura

Dimensiones

24.1 x 21.3 x 2.0 cm

Peso

0.73 kg.

ISBN13

9783030196967

Categorías

Teoría y filosofía de la economía
Macroeconomía
Fiscalidad y hacienda pública

Money: Theory and Practice (en Inglés)

Jin Cao (Autor) · Gerhard Illing (Autor) · Springer · Tapa Dura

Libro Físico

$ 150.580

$ 250.960

Ahorras: $ 100.380

40% descuento

Envío normal

Origen: Reino Unido (Costos de importación incluídos en el precio)

Se enviará desde nuestra bodega entre el Viernes 26 de Julio y el Lunes 05 de Agosto.

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Reseña del libro "Money: Theory and Practice (en Inglés)"

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.