عنوان

Monetary policy within the IS-LM framework

(Number (ISBN

1606497243

(Number (ISBN

1606497251

(Number (ISBN

9781606497241

(Number (ISBN

9781606497258

Number

b546350

Title Proper

Monetary policy within the IS-LM framework

General Material Designation

[Book]

First Statement of Responsibility

Shahdad Naghshpour.

Edition Statement

First edition

Place of Publication, Distribution, etc.

New York

Name of Publisher, Distributor, etc.

Business Expert Press

Date of Publication, Distribution, etc.

2014

Specific Material Designation and Extent of Item

141 pages : illustrations ; 23 cm.

Series Title

Economics collection.

Text of Note

Section I. Background and fundamental theories --;Chapter 1. A brief history of monetary theory --;Chapter 2. Politics and monetary policy --;Chapter 3. Two blades are better than one: the role of IS- LM --;Chapter 4. The role of velocity in monetary policy --;Section II. Monetary theory and related issues --;Chapter 5. Keynes' view of monetary policy --;Chapter 6. Friedman and modern quantity theory --;Chapter 7. Discretionary policies --;Section III. Schools of thought in monetary theory --;Chapter 8. Austrian school --;Chapter 9. Rational expectations hypothesis --;Chapter 10. Inflation targeting --;Section IV. The evidence --;Chapter 11. Empirical evidence supporting monetary policy --;Chapter 12. Conclusion.

Text of Note

This book details the collection of policies that use monetary tools known as monetary policy. For example, the main monetary authority of a country is its central bank. In the United States it is called the Federal Reserve Bank System (Fed), which is a federation of 12 federal reserve banks. The Fed is responsible for initiating printing of money, monitoring the interest rate, and controlling the supply of money in the economy. Monetary authorities are shielded from executive branch interference by serving 14-year terms. This allows them to act without worrying about political fallout or fear of losing their jobs. The ability to work and function independently from political pressure has been used to claim that the supply of money is exogenous. Inside this authoritative text, the author gives real insight to the IS-LM framework (Investment Saving-Liquidity Preference Money Supply) and the effects on our economy.--Page 4 of cover.

Monetary policy.

Class number

Book number

Shahdad Naghshpour.

Shahdad Naghshpour

Electronic name

[Book]

Y