Students will in particular welcome the close integration between theories and their empirical studies. Requiring only a grounding in the principles of economics, this text is comprehensive enough to be used on a two term course, or used selectively on one term courses. Written in such a way that the theory of monetary economics is tempered by the goals of empirical relevance and intuitive understanding, the book contains the following pedagogical features: beginning of introductions and key concepts; end of chapter summaries plus review and discussion questions. Monetary Economics will be of interest to teachers and students of not only monetary economics, but money, banking and macroeconomics.
A comprehensive overview of advanced monetary economics, integrating the presentation of monetary theory with its heritage, empirical formulations and empirical tests.
A comprehensive overview of advanced monetary economics, integrating the presentation of monetary theory with its heritage, empirical formulations and empirical tests.