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Inflation Theory in Economics: Welfare, Velocity, Growth and Business Cycles by Max Gillman (Paperback, 2013)

About this product

About this product

Product Information

These essays bring together a progression in monetary theory. The major theme that runs through all of the chapters is that in order to do monetary economics well in general equilibrium, it helps to have a good money demand underlying the theory. A proper underlying money demand sets up arguably the best foundation from which to make extensions of monetary economics from the basic model. At the same time that money demand is modelled, this also endogenizes the velocity of money. This has been a challenge in the literature that these essays solve and then use to extend basic neoclassical growth and business cycle theory. Solving this problem, in a way that is a natural, direct, and micro-founded extension of the standard monetary theory is the first major contribution of the collection. The second major contribution is the extension of the neoclassical monetary models, using this solution, to reinvigorate classic issues of monetary economics and take them to the frontier.

Product Identifiers

Publisher
Taylor & Francis Ltd
ISBN-13
9780415864817
eBay Product ID (ePID)
183179016

Product Key Features

Author
Max Gillman
Publication Name
Inflation Theory in Economics: Welfare, Velocity, Growth and Business Cycles
Format
Paperback
Language
English
Subject
Economics
Publication Year
2013
Type
Textbook
Number of Pages
406 Pages

Dimensions

Item Height
234mm
Item Width
156mm
Item Weight
612g

Additional Product Features

Title_Author
Max Gillman
Series Title
Routledge International Studies in Money and Banking
Country/Region of Manufacture
United Kingdom

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