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000941687 020__ $$z9781606497241$$q(paperback)
000941687 020__ $$a9781606497258$$q(electronic bk.)
000941687 035__ $$a(MiAaPQ)EBC1598152
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000941687 035__ $$a(OCoLC)868965367
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000941687 050_4 $$aHG230.3$$b.N245 2014
000941687 0820_ $$a332.46$$223
000941687 1001_ $$aNaghshpour, Shahdad.,$$eauthor.
000941687 24510 $$aMonetary policy within the IS-LM framework /$$cShahdad Naghshpour.
000941687 250__ $$aFirst edition.
000941687 264_1 $$aNew York, New York (222 East 46th Street, New York, NY 10017) :$$bBusiness Expert Press,$$c2014.
000941687 300__ $$a1 online resource (141 pages)
000941687 336__ $$atext$$2rdacontent
000941687 337__ $$acomputer$$2rdamedia
000941687 338__ $$aonline resource$$2rdacarrier
000941687 4901_ $$aEconomics collection,$$x2163-7628
000941687 500__ $$aPart of: 2013 digital library.
000941687 504__ $$aIncludes bibliographical references (pages 133-138) and index.
000941687 5050_ $$aSection I. Background and fundamental theories -- 1. A brief history of monetary theory -- 2. Politics and monetary policy -- 3. Two blades are better than one: the role of IS- LM -- 4. The role of velocity in monetary policy -- Section II. Monetary theory and related issues -- 5. Keynes' view of monetary policy -- 6. Friedman and modern quantity theory -- 7. Discretionary policies -- Section III. Schools of thought in monetary theory -- 8. Austrian school -- 9. Rational expectations hypothesis -- 10. Inflation targeting -- Section IV. The evidence -- 11. Empirical evidence supporting monetary policy -- 12. Conclusion -- Glossary -- Notes -- References -- Index.
000941687 506__ $$aAccess limited to authorized users.
000941687 5203_ $$aThe majority of economists, would admit that money is powerful and that changes in money will impact the economy, to some extent and most of the time. Monetary theory analyzes and determines how changes in the supply of money affect the economy. The collection of policies that use monetary tools is known as monetary policy. 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. However, the Fed acts in response to changes in the economy. It constantly monitors the economy and tries to determine the most appropriate interest rate and money supply; therefore, it is acting endogenously. The claim that the Fed's actions are endogenous does not mean that it is immune to errors, political orientations, or has full knowledge of exact amount of money necessary at every moment. Collecting and analyzing data takes time. Using monetary policy to achieve specific objectives, such as a reduction in unemployment and inflation, is even more complicated than determining the correct level of the money supply, or the most appropriate interest rate.
000941687 588__ $$aTitle from PDF title page (viewed on January 25, 2014).
000941687 650_0 $$aMonetary policy.
000941687 653__ $$amonetary theory
000941687 653__ $$amonetary policy
000941687 653__ $$aIS
000941687 653__ $$aLM
000941687 653__ $$aquantity theory
000941687 653__ $$aKeynes
000941687 653__ $$afiscal policy
000941687 653__ $$aeffectiveness of money
000941687 653__ $$adiscretionary policies
000941687 655_0 $$aElectronic books
000941687 77608 $$iPrint version:$$z9781606497241
000941687 830_0 $$a2013 digital library.
000941687 830_0 $$aEconomics collection.$$x2163-7628
000941687 852__ $$bebk
000941687 85640 $$3ProQuest Ebook Central Academic Complete $$uhttps://univsouthin.idm.oclc.org/login?url=https://ebookcentral.proquest.com/lib/usiricelib-ebooks/detail.action?docID=1598152$$zOnline Access
000941687 909CO $$ooai:library.usi.edu:941687$$pGLOBAL_SET
000941687 980__ $$aBIB
000941687 980__ $$aEBOOK
000941687 982__ $$aEbook
000941687 983__ $$aOnline