These essays bring together a progression in monetary theory. The
major theme that runs through all of the chapters is that in order
to do monetary economics well in general equilibrium, it helps to
have a good money demand underlying the theory. A proper underlying
money demand sets up arguably the best foundation from which to
make extensions of monetary economics from the basic model. At the
same time that money demand is modelled, this also "endogenizes"
the velocity of money. This has been a challenge in the literature
that these essays solve and then use to extend basic neoclassical
growth and business cycle theory. Solving this problem, in a way
that is a natural, direct, and "micro-founded" extension of the
standard monetary theory is the first major contribution of the
collection. The second major contribution is the extension of the
neoclassical monetary models, using this solution, to reinvigorate
classic issues of monetary economics and take them to the frontier.
General
Imprint: |
Routledge
|
Country of origin: |
United Kingdom |
Series: |
Routledge International Studies in Money and Banking |
Release date: |
September 2013 |
First published: |
2009 |
Authors: |
Max Gillman
|
Dimensions: |
234 x 156mm (L x W) |
Format: |
Paperback
|
Pages: |
424 |
ISBN-13: |
978-0-415-86481-7 |
Categories: |
Books >
Business & Economics >
Economics >
Macroeconomics >
Monetary economics
|
LSN: |
0-415-86481-X |
Barcode: |
9780415864817 |
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