Okay, here is the translation following your instructions: Monetary Theory and Policy

Author: Washen Chen Yulu
Publisher:
Publish Date: 2001-10-01
Features: This book introduces some models that economists often use to distinguish real factors from monetary factors. The topics include monetary theory, as well as monetary policy, and it provides an in-depth discussion of inflation management methods and some issues in monetary policy. The book explores the empirical analysis methods for predicting the utility of money. Additionally, most of the main theoretical models in this 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 and macroeconomics have a significant overlap, and for a long time, even up to the past 50 years, these two disciplines were not always clearly distinguished. In the 1970s, the debate between monetarism and Keynesianism led to the gradual convergence of monetary economics toward macroeconomics.