This book deals mainly with what can be described as the general-equilibrium approach to monetary theory. The author does not attempt an encyclopaedic treatment, rather Gale investigates the central problems and ideas in the development of topical monetary theory. The first part of the book - technically the easier - deals with questions which will be recognized as falling within the traditional field of (macroeconomic) monetary theory, although the treatment is unflaggingly microeconomic. The second part is less conventional, dealing with the general equilibrium theory of money in a fundamental way.
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As the title suggests, this book deals mainly with what can be described as the general-equilibrium approach to monetary theory. The author does not attempt an encyclopaedic treatment, but investigates the central problems and ideas in the development of contemporary monetary theory.
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Introduction; 1. The neutrality of money; 2. Informational efficiency and economic efficiency; 3. Expectations and economic policy; 4. The economic costs of inflation; 5. Sequences of budget constraints; 6. Monetary equilibrium: a cooperative approach; 7. Monetary equilibrium: a non-cooperative approach; Mathematical appendix; Bibliographical notes; References; Index.
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Produktdetaljer

ISBN
9780521289009
Publisert
1982-09-30
Utgiver
Vendor
Cambridge University Press
Vekt
502 gr
Høyde
216 mm
Bredde
138 mm
Dybde
23 mm
Aldersnivå
P, 06
Språk
Product language
Engelsk
Format
Product format
Heftet
Antall sider
360

Forfatter