Monetary Theory and Policy Financial Translation Series: Financial Translation Series

Author: Washe
Publisher:
Publish Date: 2001-10-01
Features: This book introduces some models often used by economists when distinguishing real factors from monetary factors. The topics include monetary theory, which also involve monetary policy, and delve into the governance methods of inflation and some issues of monetary policy. The book discusses the empirical analytical methods of predicting the utility of money, in addition to which, most of the main theoretical models in the book are closely related to the analytical tools of macroeconomics and can be used for policy analysis. The main content of monetary economics is to reveal the relationship between real macroeconomic variables such as real output, real interest rates, employment rates, and real exchange rates, and nominal quantities such as inflation rates, nominal interest rates, nominal exchange rates, and money supply. It can be said that monetary economics shares a significant overlap with macroeconomics. Over the past 50 years, these two disciplines were often indistinguishable for a long time. In the 1970s, the debate between the monetarist school and the Keynesian school gradually brought the study of monetary economics closer to macroeconomics.