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" Monetary policy within the IS-LM framework "
Shahdad Naghshpour.
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BL
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| Record Number
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726618
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| Doc. No
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b546350
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| Main Entry
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Shahdad Naghshpour.
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| Title & Author
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Monetary policy within the IS-LM framework\ Shahdad Naghshpour.
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| Edition Statement
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First edition
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| Publication Statement
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New York: Business Expert Press, 2014
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| Series Statement
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Economics collection.
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| Page. NO
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141 pages : illustrations ; 23 cm.
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| ISBN
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1606497243
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: 1606497251
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: 9781606497241
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: 9781606497258
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| Contents
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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.
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| Abstract
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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.
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| Subject
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Monetary policy.
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| LC Classification
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HG230.3S534 2014
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| Added Entry
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Shahdad Naghshpour
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