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A note on book covers: while we do our best to ensure the accuracy of cover images, ISBNs may at times be reused for different editions of the same title which may hence appear as a different cover.
Monetary Policy
Monetary Policy
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The transmission mechanism of monetary policy is given particular emphasis, and the book discusses the behaviour of a number of central banks, including the Bank of England, the European Central Bank, and the Federal Reserve. The worldwide credit crunch, subsequent recession, and non-conventional monetary policies such as quantitative easing are also extensively covered.
Chapters include topics such as consumption, investment, money demand and supply, nominal rigidities, inflation and unemployment, time inconsistency and central bank independence, the social costs of inflation, the role of financial intermediaries, monetary policy in an open economy, the term structure of interest rates, the stock market, the housing market, and fiscal policy.
A note on book covers: while we do our best to ensure the accuracy of cover images, ISBNs may at times be reused for different editions of the same title which may hence appear as a different cover.
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One Line Summary
Comprehensive guide to modern monetary policy for advanced students.
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Who is this book for?
If you're studying economics and want a detailed, current look at how monetary policy works in real-world scenarios, this book is a great choice. It covers everything from central bank strategies to financial markets, blending theory with practical examples like quantitative easing. Many readers find it insightful for understanding the complexities of economic policy and its impacts.