A course in monetary economics : sequential trade, money, and uncertainty / Benjamin Eden.

Format:

Book

Author/Creator:

Eden, Benjamin.

Language:

English

Subjects (All):

Money--Mathematical models.

Money.

Uncertainty--Mathematical models.

Uncertainty.

Physical Description:

1 online resource (424 p.)

Edition:

1st ed.

Place of Publication:

Malden, MA : Blackwell Pub., 2005.

Summary:

Monetary Economics and Sequential Trade is an insightful introduction to the advanced topics in monetary economics. Accessible to students who have mastered the diagrammatic tools of economics, it discusses real issues with a variety of modeling alternatives, allowing for a direct comparison of the implications of the different models. The exposition is clear and logical, providing a solid foundation in monetary theory and the techniques of economic modeling. The text is rooted in the author's years of teaching and research, and will be highly suitable for monetary economics courses in both

Contents:

Overview

Money in the utility function

The welfare cost of inflation in a growing economy

Government

More explicit models of money

Optimal fiscal and monetary policy

Money and the business cycle: does money matter?

Sticky prices in a demand-satisfying model

Sticky prices with optimal quantity choices

Flexible prices

Part 2: An introduction to the economics of uncertainty

Preliminaries

Does insurance require risk aversion?

Asset prices and the Lucas' "tree model"

Part 3: An introduction to uncertain and sequential trade (UST)

Real models

A monetary model

Limited participation, sticky prices, and UST: a comparison

Inventories and business cycle

Money and credit in the business cycle

Evidence from micro data

The Friedman rule in UST model

Sequential international trade

Endogenous information and externalities

Search and contracts.

Notes:

Description based upon print version of record.

Description based on publisher supplied metadata and other sources.

OCLC:

244017283