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Topic: Monetary economics


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In the News (Sat 28 Nov 09)

  
  Monetary Policy, by James Tobin: The Concise Encyclopedia of Economics: Library of Economics and Liberty
Monetary policy is the subject of a lively controversy between two schools of economics, monetarist and Keynesian.
They regarded active monetary stimulus as dangerously inflationary, even when their economies were barely emerging from recession.
Monetary and fiscal policies are distinct only in financially developed countries, where the government does not have to cover budget deficits by printing money but can sell obligations to pay money in the future, like U.S. Treasury bills, notes, and bonds.
www.econlib.org /library/Enc/MonetaryPolicy.html   (3347 words)

  
 Monetary Economics (via CobWeb/3.1 planetlab2.cs.unc.edu)   (Site not responding. Last check: 2007-10-09)
Researchers in the NBER's Monetary Economics Program contribute to this effort with a combination of theoretical and empirical studies on the effects of central bank actions and the design of monetary policy.
Monetary policymakers often claim that their aim is price stability, but once expectations are formed, they are tempted to renege on this announcement and take advantage of the short-run tradeoff between inflation and unemployment.
Monetary policymaking is a difficult business, and policymakers are always eager to hear objective, reasoned advice on how to respond to economic conditions.
www.nber.org.cob-web.org:8888 /programs/me/me.html   (2860 words)

  
 BU | Economics
After a brief survey of the development of modern monetary theory, this course examines the selected theoretical aspects of monetary economics and financial organization covered in EC 341.
Economic analysis of the causes of pollution and its control through taxes, the use of property rights, and standards.
Economic development of Soviet economy since 1917; emphasis on structure of industry, agriculture, finance, theory and techniques of central planning of output and income, and realized rates of economic growth.
www.bu.edu /econ/undergraduate/ug_courses/major.html   (1174 words)

  
 Amazon.co.uk: Monetary Economics: Books: Jagdish Handa   (Site not responding. Last check: 2007-10-09)
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.
www.amazon.co.uk /Monetary-Economics-Jagdish-Handa/dp/0415199263   (437 words)

  
 Syllabi 2006-2007 B-KUL-D0M39A Advanced Monetary Economics
The purpose of this course is to give the students a brief overview of recent topics in monetary economics and monetary policy.
After following the course, the students should be able to understand the most important theories in monetary economics, interpret empirical evidence and understand the conduct of monetary policy by the world’s major central banks.
Monetary policy of the ECB: An overview is given of the monetary policy strategy of the ECB, its performance and a critical evaluation.
www.kuleuven.be /onderwijs/aanbod/syllabi/D0M39AE.htm   (553 words)

  
 Economics   (Site not responding. Last check: 2007-10-09)
A detailed study of monetary theory; tasks of central banking; principal objectives of monetary policy; intensive study of recent monetary experience; complementary and competing aims of monetary and fiscal policy.
Applications of economic theory and models of economic development to the main patterns of U.S. postrevolutionary growth; emphasizes the history of economic development as a laboratory for testing economic hypotheses.
Techniques of economic analysis are used to understand economic aspects of environmental problems and contribute toward their solution.
www.iup.edu /registrar/catalog/course/econ.shtm   (1206 words)

  
 University of Glasgow :: Department of Economics   (Site not responding. Last check: 2007-10-09)
The MSc in Monetary Economics and Finance is designed for those intending to pursue careers as economists within financial institutions or governmental agencies in developing countries, as well as those already in professional posts who wish to expand and update their knowledge.
The needs of such economists tend to be twofold: an advanced understanding of the debates in macroeconomic theory and policy from an international perspective; and a detailed knowledge of finance and monetary policy in a developing country context.
The MSc Monetary Economics and Finance is for students who hold an Economics degree or have a good background in Economics.
www.gla.ac.uk /economics/CDS/programmes/monetary_economics_and_finance.html   (297 words)

  
 Carl E. Walsh - Home Page   (Site not responding. Last check: 2007-10-09)
Optimal transparency under flexible inflation targeting, Prepared for "`New Developments in the Analysis of Monetary Policy and Institutions,' a conference in honor of Alex Cukierman's Life-Long Contributions to Macroeconomic," the Sapir Center, Tel Aviv University, December 15-16, 2005.
The contribution of theory to practice in monetary policy: recent developments, prepared for Monetary Policy: A Journey from Theory to Practice: An ECB Colloquium held in honour of Prof.
It is designed for use in a graduate course in monetary economics, but it can also be used in graduate macro courses and the chapters on monetary policy topics should be accessible to advanced undergraduates.
econ.ucsc.edu /~walshc   (1048 words)

  
 Monetary Economics and Finance
In the concentration in monetary economics and finance you will be introduced to a wide variety of economic concepts and you will learn to apply these concepts in ways that will help you better understand the workings of financial markets and institutions, monetary and fiscal policies, and government finance.
Because it shares a common core with the other concentrations in economics, it offers a program of study consistent with many career objectives, be they graduate study in economics, law or MBA programs, and/or employment in a financial market or institution.
As described above, students in the concentration in monetary economics and finance are required to take 34 hours of courses in the major and 7 hours outside it.
www.unca.edu /econ/Monetary.htm   (416 words)

  
 Department of Economics - Course Information Forms   (Site not responding. Last check: 2007-10-09)
There are two modules, Welfare Economics (Module 1) and Monetary Economics (Module 2).
The welfare module is an introduction to, and survey of, the theory of welfare economics.
The monetary economics element of the course covers monetary theory and its relevance to macroeconomic policy.
www.tcd.ie /Economics/courses/3020.htm   (263 words)

  
 A Course in Monetary Economics - Book Information
A Course in Monetary Economics is an insightful introduction to the advanced topics in monetary economics.
The text is rooted in the author's years of teaching and research, and will be highly suitable for monetary economics courses at both the upper-level undergraduate and graduate levels.
Benjamin Eden is a Professor of Economics at Vanderbilt University and the University of Haifa in Israel.
www.blackwellpublishing.com /book.asp?ref=0631215654&site=1   (282 words)

  
 Resources for Monetary Economics   (Site not responding. Last check: 2007-10-09)
Political economy of the evolution toward Economic and Monetary Union (EMU) in the European Union (EU).
A foundation dedicated to the study of monetary history, monetary theory and monetary reform.
It was established to promote international monetary cooperation, exchange stability, and orderly exchange arrangements; to foster economic growth and high levels of employment; and to provide temporary financial assistance to countries to help ease balance of payments adjustment.
www.feb.uni-sofia.bg /~econres/resources/monetary.htm   (212 words)

  
 Money - Wikipedia, the free encyclopedia
Economics offers various definitions for money, though it is now commonly defined by the functions attached to any good or token that functions in trade as a medium of exchange, store of value, and unit of account.
Monetarism is an economic theory which predominantly deals with the supply and demand for money.
Monetary policy aims to manage the money supply, inflation and interest to affect output and employment.
en.wikipedia.org /wiki/Monetary_economics   (3371 words)

  
 Monetary economics - Chapter 4 American Journal of Economics and Sociology, The - Find Articles   (Site not responding. Last check: 2007-10-09)
Brown began his career when such views were considered orthodox, saw the eclipse during the 1930s, and witnessed their revival in part in his later years.
Joseph Dorfman, in The Economic Mind in American Civilization, characterized Brown as a monetary specialist.
Brown's second article was primarily a description of the role of commercial banks in financial intermediation and emphasized the part played by banks in interest rate determination.
www.findarticles.com /p/articles/mi_m0254/is_5_61/ai_97188178   (969 words)

  
 Journal of Monetary Economics.   (Site not responding. Last check: 2007-10-09)
Dupor, Aggregation and irrelevance in multi-sector models, Journal of Monetary Economics 43 (2) (1999) pp.
Nigel A. Chalk, The sustainability of bond-financed deficits: An overlapping generations approach, Journal of Monetary Economics 45 (2) (2000) pp.
Gervais, Housing taxation and capital accumulation, Journal of Monetary Economics 49 (7) (2002) pp.
www1.elsevier.com /cdweb/journals/03043932/viewer.htt?viewtype=keywords&rangeselected=5   (494 words)

  
 Economics 732: Monetary Economics II
Prerequisite: Economics 614 or the consent of Professor Shell.
Students who have taken Economics 732 in past years are encouraged to take this course again.
David de la Croix and Philippe Michel, A Theory of Economic Growth: Dynamics and Policy in Overlapping Generations, Cambridge University Press, 2002, ISBN 0 521 80642 9 hardback; ISBN 0 521 00115 3 paperback.
www.karlshell.com /econ732_2003.html   (1034 words)

  
 Macro & Monetary Economics | SmartEconomist.com
Surveys are an important source of economic and financial forecasts.
The US Federal Reserve is generally attributed a key role in supporting the fast economic growth of the 1990s and, at the same time, in keeping inflation low and stable.
Trade openness, it is often suggested, is one of the main causes of the volatility of economic growth.
www.smarteconomist.com /topics/mac   (738 words)

  
 Econ 406: Monetary Economics
Monetary economies are most usefully analyzed by examining the general equilibrium of all markets.
We use an excellent undergraduate text by Champ and Freeman that nicely develops monetary economies using the OLG model.
They develop elegant versions of the OLG model that simply convey the essence of many issues in monetary economics.
web.uvic.ca /~menginee/econ406_files/Methodology.htm   (256 words)

  
 Journals and Books - JME
The profession has witnessed over the past twenty years a remarkable expansion of research activities bearing on problems in the broader field of monetary economics.
The strong interest in monetary analysis has been increasingly matched in recent years by the growing attention to the working and structure of financial institutions.
The Journal of Monetary Economics provides a specialized forum for the publication of this research.
www.ssb.rochester.edu /faculty/jme.aspx   (141 words)

  
 Oxford University Press: Economics of Monetary Union 6/e: Paul De Grauwe
Economics of Monetary Union is the market leader and the main specialist book in this area.
Clear and concise, the book covers all the key issues relating to monetary union and will fit with both undergraduate and postgraduate economics modules.
The first part examines the theory of optimal currency and the costs and benefits of joining a monetary union and the second part looks at the workings of the present monetary union in Europe.
www.us.oup.com /us/catalog/general/subject/Economics/International/?view=usa&ci=9780199277001   (321 words)

  
 Monetary Economics
Their goal is to understand the interaction between asset prices and aggregate economic activity, and to explain liquidity premiums.
They also show that certain anomalies of the real economy, such as low rates of return on liquid assets, volatility of asset prices, and limited participation in asset markets, in fact are normal features of an economy where money is essential for the smooth allocation of resources.
In monetary policy, the equilibriums from full commitment are superior to those from optimal discretionary policies.
www.nber.org /reporter/summer02/news/me.html   (790 words)

  
 EC924 Monetary Economics
The focus will be on ‘classical’ models without market imperfections such as price stickiness and unemployment, thereby complementing the Economic Analysis: Macroeconomics module, where such imperfections are given prominence.
Techniques such as dynamic programming will be used in some topics, but the emphasis will be on economic understanding rather than mathematical sophistication.
No single textbook will be followed closely, but two which are particularly useful are Walsh, Monetary Theory and Policy (MIT Press, 2nd edition 2003) and Blanchard and Fischer, Lectures on Macroeconomics (MIT Press, 1989).
www2.warwick.ac.uk /fac/soc/economics/pg/modules/ec924   (245 words)

  
 Economics 415 Syllabus
The primary focus of the seminar is on the development and application of economic models drawn from international finance and open economy macroeconomics.
Lauer, Charlotte, "The Effects of European Economic and Monetary Union on Wage Behavior," Intitute for the Study of Labor, Discussion Paper No. 36, Centre for European Economic Research-Bonn, March 1999.
Masson, Paul, "Monetary and Exchange Rate Policy of Transition Economies of Central and Eastern Europe after the Launch of EMU," International Monetary Fund, Policy Discussion Paper, PDP/99/5, July 1999.
www.oberlin.edu /~dcleeton/syll_415.htm   (8757 words)

  
 Macroeconomics & Monetary Economics - Cambridge University Press
Their dispassionate and balanced study of current macroeconomic approaches throws much light on the conceptual contradictions that trouble this field, and motivate their suggested remedy, a return to a thorough disequilibrium dynamics in the tradition of Keynes, Metzler, and Goodwin.
An economic survey of international capital mobility from the late nineteenth century to the present.
A pioneer treatment of monetary economics written by two of world's leading authorities.
www.cup.cam.ac.uk /browse/browse_highlights.asp?subjectid=1008637   (405 words)

  
 The Monetary Economics of Thurston Howell III - Mises Institute   (Site not responding. Last check: 2007-10-09)
The Monetary Economics of Thurston Howell III - Mises Institute
The brief, unplanned experiment in post-fiat monetary theory was over, but the results were unambiguous: a stable money, even a completely unbacked currency, beats out inflationary government paper in both value and marketability.
None of this is to suggest economic sophistication on the part of the show's creators or writing staff.
www.mises.org /fullstory.aspx?control=1595   (2437 words)

  
 Amazon.com: Economics of Monetary Union: Books: Paul De Grauwe   (Site not responding. Last check: 2007-10-09)
The Transition to a Monetary Union: Problems of Transition in Central Europe, Problems of Transition of the UK 8.
Clear and concise, it covers the costs and benefits of monetary union in part one and the present workings of the European monetary union in part two.
THE costs of a monetary union derive from the fact that when a country relinquishes its national currency, it also relinquishes an instrument of economic policy, i.e.
www.amazon.com /Economics-Monetary-Union-Paul-Grauwe/dp/0199256519   (1250 words)

  
 Monetary History, the Present & Future of Money (via CobWeb/3.1 planetlab2.cs.unc.edu)   (Site not responding. Last check: 2007-10-09)
The greatest financial experiment in history - monetary union, its progress and prospects.
Alternative monetary systems in an age of globalisation.
Financial transactions of a highly abstract nature, not directly involving real trade, pose considerable risk to the global financial system.
www.ex.ac.uk.cob-web.org:8888 /~RDavies/arian/money.html   (287 words)

  
 Non-monetary economics   (Site not responding. Last check: 2007-10-09)
Economic way of Russia from the viewpoint of cybernetics (Russian language)
Heuristic justification of non-monetary economics, history of non-monetary thought and the forward look at non-monetary ideas.
Non-monetary analysis of monetary statistics of the Soviet economy of the past
www.postman.ru /~yurimax   (148 words)

  
 Research Laboratory of Monetary Economics
The Research Laboratory of Monetary Economics was created to promote research in the monetary field, to be pursued in connection with other similar Centres that are active in Switzerland and abroad.
The Laboratory's Academic Council, composed of at least two full Professors of Monetary economics, is responsible for all matters of academic policy and watches over the research carried on by its members to guarantee its quality.
The chief co-ordinator of the Laboratory's activities is Alvaro Cencini, Professor of Monetary economics at the Centre for Banking Studies and at the University of Lugano.
www.csbancari.ch /Istituti/RMELab   (292 words)

  
 Course Sequence: Monetary Economics and Finance
The table below describes several common course sequences for the concentration in monetary economics and finance.
Second, the more economics courses you have completed before taking ECON 480 (including in particular ECON 365), the more likely you will cap your UNCA career with a well-written, personally interesting and technically superior senior paper.
Visit the page describing the course offering pattern to confirm that the courses you'd like to take are offered the semesters you'd like to take them.
www.unca.edu /econ/Navmon.htm   (491 words)

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