How does money promote exchange? what should serve as money? what is the cost of inflation? what is the link between money and output? These are some of the most basic questions in monetary economics - and by using elegantly simple models, this exciting new text makes these and other issues clear and understandable to undergraduates. This innovative departure from traditional, institutions-based money and banking texts explains monetary phenomena as the result of the choices of rational individuals. Drawing on recent ...
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How does money promote exchange? what should serve as money? what is the cost of inflation? what is the link between money and output? These are some of the most basic questions in monetary economics - and by using elegantly simple models, this exciting new text makes these and other issues clear and understandable to undergraduates. This innovative departure from traditional, institutions-based money and banking texts explains monetary phenomena as the result of the choices of rational individuals. Drawing on recent advances in monetary theory, the authors build, step-by-step, the microeconomic foundations of an integrated model of the monetary economy without overwhelming the students. Basic graphs and algebra are the only mathematical requirements. This book presents an astonishingly clear and accessible treatment of the core models of economies with money. It is an essential complement to the mainstream macro and money and banking texts for students and instructors who want a deeper explanation of monetary phenomena. Michael Parkin University of Western Ontario The organization is impeccable. It takes the reader carefully through the analysis, one step at a time, and it treats some of the classic problems (seignorage, neutrality, Ricardian equivalence, and so on) at exactly the right time." Leonardo Auernheimer Texas A&M University
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Seller's Description:
This is an ex-library book and may have the usual library/used-book markings inside. This book has hardback covers. Clean from markings. In good all round condition. Dust jacket in good condition. Please note the Image in this listing is a stock photo and may not match the covers of the actual item, 600grams, ISBN: 9780471579489.
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Good. Connecting readers with great books since 1972! Used textbooks may not include companion materials such as access codes, etc. May have some wear or writing/highlighting. We ship orders daily and Customer Service is our top priority!
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Fine. 0471579483. 252 pages. Index. Two inch tear to fore-edge of half-title page else clean and bright with very light wear. Nice copy.; 8vo-over 7¾"-9¾" tall; MONEY ECONOMICS MATHEMATICAL MODELS BUSINESS Modeling Monetary Economics.
