Money and the Economy
Issues in Monetary Analysis

Looks at the effect of money on output from a theoretical and practical perspective.

Karl Brunner (Author), Allan H. Meltzer (Author)

9780521599740, Cambridge University Press

Paperback, published 24 July 1997

412 pages, 16 tables
22.9 x 15.2 x 2.3 cm, 0.76 kg

'The author is a renowned researcher in this area. His book will serve not only as an introduction to the topic, but it will certainly remain as a major reference on collocation methods for many years.' Numerical Algorithms

This volume offers a unique perspective on a key issue of monetary economics: the effect of money on output. Karl Brunner and Allan Meltzer address the theoretical aspects of this issue with the purpose of understanding their policy implications. They offer an historical and at times provocative overview on the relationship between money and output, and go on to present their well-known model of a monetary economy, before examining the real sector. Throughout the volume, their views are confronted with competing explanations in order to highlight differences. The monetarist flavour of the volume emerges most clearly in frequent arguments pointing to the relative stability of the private sector.

Preface
1. A review of the issues
2. The monetary mechanism: markets for assets
3. Fiscal policy, prices and wages, unemployment and related issues
4. Monetary policy: problems and potential
Discussion
Comments.

Subject Areas: Monetary economics [KCBM]