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Modeling Monetary Economies

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ISBN-10: 0521789745

ISBN-13: 9780521789745

Edition: 2nd 2001 (Revised)

Authors: Bruce Champ, Scott Freeman

List price: $39.99
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Description:

This upper-level undergraduate textbook, now in its second editon, approaches monetary economics using the classical paradigm of rational agents in a market setting. Too often monetary economics has been taught as a collection of facts about existing institutions for students to memorize. By teaching from first principles, the authors aim to instruct students not only in existing monetary policies and institutions but also in what policies and institutions may or should exist in the future. The text builds on a simple, clear monetary model and applies this framework consistently to a wide variety of monetary questions. The authors have added in this second edition new material on…    
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Book details

List price: $39.99
Edition: 2nd
Copyright year: 2001
Publisher: Cambridge University Press
Publication date: 1/15/2001
Binding: Paperback
Pages: 344
Size: 7.00" wide x 9.75" long x 1.00" tall
Weight: 1.298
Language: English

Bruce Champ is Senior Research Economist at the Federal Reserve Bank of Cleveland. Earlier he taught at Virginia Polytechnic Institute, the Universities of Iowa and Western Ontario, and Fordham University. Dr Champ's research interests focus on monetary economics and his articles have appeared in the American Economic Review; Journal of Monetary Economics; Canadian Journal of Economics; and Journal of Money, Credit, and Banking, among other leading academic publications. He coauthored the first and second editions of Modeling Monetary Economies with the late Scott Freeman.

Preface
Money
A simple model of money
Barter and commodity money
Inflation
International monetary systems
Price surprises
Banking
Capital
Liquidity and financial intermediation
Central banking and the money supply
Money stock fluctuations
Fully backed central bank money
The payments system
Bank risk
Government Debt
Deficits and the national debt
Savings and investment
The effect of the National Debt on capital and savings
The temptation of inflation
References
Index