{"product_id":"money-in-the-macroeconomy-paperback-9780521315944","title":"Money in the Macroeconomy (Paperback) 9780521315944","description":"\u003cfont face=\"Georgia\"\u003e\r\n\u003cp\u003e\u003cfont size=\"6\"\u003eMoney in the Macroeconomy\u003c\/font\u003e\u003cbr\u003e\r\n\r\n\r\n\u003c\/p\u003e\n\u003cp\u003e\u003cem\u003eThis is a textbook designed for senior undergraduate courses in monetary economics, advanced macroeconomics, or macroeconomic policy.\u003c\/em\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003cp\u003e\u003cfont size=\"4\"\u003eMartin F. J. Prachowny (Author)\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e9780521315944, Cambridge University Press\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003ePaperback, published 31 January 1986\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e362 pages, 67 b\/w illus.  16 tables  29 exercises\u003cbr\u003e23.4 x 15.5 x 2.8 cm, 0.52 kg\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\r\n\r\n\r\n\u003cp align=\"justify\"\u003e\u003cstrong\u003e\u003cfont size=\"3\"\u003eThis is a textbook designed for senior undergraduate courses in monetary economics, advanced macroeconomics, or macroeconomic policy. Students will feel comfortable with this material if they have completed an intermediate course in macroeconomics, relying on one of the more demanding texts in this field. The prime focus of the book is on the role of money in the macroeconomy and on the place of monetary policy as an instrument for controlling inflation and unemployment. There are only three important macrovariables that are features: the rate of inflation, the interest rate, and output or income. Behavioural relationships in the goods, money, and labor markets determine these variables, using only the now common IS-LM-AS model. The model is not ideological, but opposing views of the efficiacy of stabilization policy are allowed to confront each other. There is a great deal of emphasis on relating the theoretical propositions to recent Canadian and U.S. macroeconomic performance. To expose students to diversity of experience, both countries receive equal treatment, one to serve as an example of a closed economy and the other as an example of an open economy. The book relies mostly on verbal and diagrammatical exposition; equations are used to show why and how curves shift in the diagrams. Also, numerical examples are provided in 'boxes' at appropriate places in the text, and exercises are given at the end of most chapters. A booklet containing answers to these exercises is available to instructors on request to the author.\u003c\/font\u003e\u003c\/strong\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eList of charts, figures and tables\u003cbr\u003e Preface\u003cbr\u003e List of symbols\u003cbr\u003e 1. The roles of money and monetary policy in the macroeconomy\u003cbr\u003e 2. A model of the macroeconomy\u003cbr\u003e 3. A new classical model: the case against stabilization policy\u003cbr\u003e 4. The institutional model: the case for stabilization policy\u003cbr\u003e 5. The demand for money\u003cbr\u003e 6. The supply of money\u003cbr\u003e 7. The monetary mechanism\u003cbr\u003e 8. U. S. monetary policy and the dilemma of stagflation\u003cbr\u003e 9. A model of an open economy\u003cbr\u003e 10. Managed exchange rates and monetary policy\u003cbr\u003e 11. Monetary policy in Canada and its macroeconomic consequences\u003cbr\u003e 12. Improving the monetary policy apparatus\u003cbr\u003e Index.\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eSubject Areas: Macroeconomics [\u003ca title=\"See our other books on Macroeconomics\" href=\"https:\/\/freshlyprintedbooks.co.uk\/search?q=%22Macroeconomics%20%5BKCB%5D%22\"\u003eKCB\u003c\/a\u003e]\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003c\/font\u003e","brand":"Cambridge University Press","offers":[{"title":"Default Title","offer_id":46007085728024,"sku":"9780521315944","price":36.39,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0730\/2037\/5320\/products\/9780521315944i_cb91dad2-f39f-4790-8f56-54b17c16b8a7.jpg?v=1691375105","url":"https:\/\/freshlyprintedbooks.co.uk\/products\/money-in-the-macroeconomy-paperback-9780521315944","provider":"Freshly Printed Books","version":"1.0","type":"link"}