This instructor’s manual complements the textbook Money: Theory and Practice which provides an introduction to modern monetary economics for advanced undergraduates, highlighting the lessons learned from the recent financial crisis. The manual provides teachers with exercises and examples that reflect both the core New Keynesian model and recent advances, taking into account financial frictions, and discusses recent research on an intuitive level based on simple static and two-period models.
Author(s): Jin Cao, Gerhard Illing
Series: Springer Texts In Business And Economics
Publisher: Springer
Year: 2019
Language: English
Pages: 218
Tags: Macroeconomics/Monetary Economics/Financial Economics
Front Matter ....Pages i-ix
Front Matter ....Pages 1-1
Long Run Growth: The Basic Framework (Jin Cao, Gerhard Illing)....Pages 3-33
Money and Long Run Growth (Jin Cao, Gerhard Illing)....Pages 35-61
Interaction Between Monetary and Fiscal Policy: Active and Passive Monetary Regimes (Jin Cao, Gerhard Illing)....Pages 63-76
Front Matter ....Pages 77-77
New Keynesian Macroeconomics (Jin Cao, Gerhard Illing)....Pages 79-103
Optimal Monetary Policy (Jin Cao, Gerhard Illing)....Pages 105-137
Monetary Policy Under Uncertainty (Jin Cao, Gerhard Illing)....Pages 139-150
Liquidity Trap: Limits for Monetary Policy at the Effective Lower Bound (Jin Cao, Gerhard Illing)....Pages 151-151
Front Matter ....Pages 153-153
Monetary Policy in Practice (Jin Cao, Gerhard Illing)....Pages 155-155
Financial Frictions and Monetary Policy (Jin Cao, Gerhard Illing)....Pages 157-168
Monetary Policy and Financial Stability (Jin Cao, Gerhard Illing)....Pages 169-179
Back Matter ....Pages 181-219
