Bain, K.,    1942- <br/><br/>
Monetary economics :    policy and its theoretical basis /  
Keith Bain, Peter Howells. 
 - 2nd ed. 
 - Houndmills, Basingstoke, Hampshire ;    New York :    Palgrave Macmillan,    2009. 
 - xii, 487 p. :    ill. ;    24 cm. 
<br/><br/>Includes bibliographical references (p. 474-502) and index. 
<br/><br/>The Meaning of Money -- The Money Supply Process -- The Demand for Money -- Money Supply and Control -- Monetary Policy and Aggregate Demand -- Aggregate Demand, Prices and Output -- International Issues in Policy-Making -- Issues in the Design of Monetary Policy -- The Monetary Authorities and Financial Markets -- The Evolution of Monetary Policy in the UK -- Monetary Policy in the European Union -- Monetary Policy in the USA. 
<br/><br/> This fully revised second edition of Bain and Howells' Monetary Economics provides an up-to-date examination of monetary policy as it is practised and the theory underlying it. The authors link the conduct of monetary policy to the IS/PC/MR model and extend this further through the addition of a simple model of the banking sector. They demonstrate why monetary policy is central to the management of a modern economy, showing how it might have lasting effects on real variables, and look at how the current economic crisis has weakened the ability of policymakers to influence aggregate demand through the structure of interest rates. 
<br/><br/><label>ISBN: </label>9780230205956 
<br/><br/><label>Subjects--Topical Terms: </label><br/>Monetary policy.
<br/><br/><label>Dewey Class. No.: </label>332.46