Monetary policy within the IS-LM framework
(eBook)
Author
Published
New York, New York (222 East 46th Street, New York, NY 10017) : Business Expert Press, 2014.
Edition
First edition.
Physical Desc
1 online resource (141 pages)
Status
More Details
Format
eBook
Language
English
ISBN
9781606497258
Notes
General Note
Part of: 2013 digital library.
Bibliography
Includes bibliographical references (pages 133-138) and index.
Restrictions on Access
Access restricted to authorized users and institutions.
Description
The 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.
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Citations
APA Citation, 7th Edition (style guide)
Naghshpour, S. (2014). Monetary policy within the IS-LM framework (First edition.). Business Expert Press.
Chicago / Turabian - Author Date Citation, 17th Edition (style guide)Naghshpour, Shahdad.. 2014. Monetary Policy Within the IS-LM Framework. Business Expert Press.
Chicago / Turabian - Humanities (Notes and Bibliography) Citation, 17th Edition (style guide)Naghshpour, Shahdad.. Monetary Policy Within the IS-LM Framework Business Expert Press, 2014.
MLA Citation, 9th Edition (style guide)Naghshpour, Shahdad.. Monetary Policy Within the IS-LM Framework First edition., Business Expert Press, 2014.
Note! Citations contain only title, author, edition, publisher, and year published. Citations should be used as a guideline and should be double checked for accuracy. Citation formats are based on standards as of August 2021.
Staff View
Grouped Work ID
8195f18a-aed6-fd95-4027-6603b288472e-eng
Grouping Information
Grouped Work ID | 8195f18a-aed6-fd95-4027-6603b288472e-eng |
---|---|
Full title | monetary policy within the is lm framework |
Author | naghshpour shahdad |
Grouping Category | book |
Last Update | 2022-06-07 21:23:19PM |
Last Indexed | 2024-04-30 04:22:23AM |
Book Cover Information
Image Source | syndetics |
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First Loaded | Aug 31, 2022 |
Last Used | Apr 7, 2024 |
Marc Record
First Detected | Aug 09, 2021 02:04:20 PM |
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Last File Modification Time | Nov 22, 2021 10:10:08 AM |
MARC Record
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245 | 1 | 0 | |a Monetary policy within the IS-LM framework|h [eBook] /|c Shahdad Naghshpour. |
250 | |a First edition. | ||
264 | 1 | |a New York, New York (222 East 46th Street, New York, NY 10017) :|b Business Expert Press,|c 2014. | |
300 | |a 1 online resource (141 pages) | ||
336 | |a text|2 rdacontent | ||
337 | |a computer|2 rdamedia | ||
338 | |a online resource|2 rdacarrier | ||
490 | 1 | |a Economics collection,|x 2163-7628 | |
500 | |a Part of: 2013 digital library. | ||
504 | |a Includes bibliographical references (pages 133-138) and index. | ||
505 | 0 | |a Section 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. | |
506 | |a Access restricted to authorized users and institutions. | ||
520 | 3 | |a The 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. | |
588 | |a Title from PDF title page (viewed on January 25, 2014). | ||
650 | 0 | |a Monetary policy. | |
653 | |a monetary theory | ||
653 | |a monetary policy | ||
653 | |a IS | ||
653 | |a LM | ||
653 | |a quantity theory | ||
653 | |a Keynes | ||
653 | |a fiscal policy | ||
653 | |a effectiveness of money | ||
653 | |a discretionary policies | ||
655 | 4 | |a Electronic books. | |
776 | 0 | 8 | |i Print version:|z 9781606497241 |
797 | 2 | |a ProQuest (Firm) | |
830 | 0 | |a 2013 digital library. | |
830 | 0 | |a Economics collection.|x 2163-7628 | |
856 | 4 | 0 | |u http://ebookcentral.proquest.com/lib/yavapai-ebooks/detail.action?docID=1598152|x Yavapai College|y Yavapai College users click here to access |
856 | 4 | 0 | |u http://ebookcentral.proquest.com/lib/prescottcollege-ebooks/detail.action?docID=1598152|x Prescott College|y Prescott College users click here to access |
856 | 4 | 0 | |u http://ebookcentral.proquest.com/lib/yln-ebooks/detail.action?docID=1598152|x Yavapai Library Network|y All other users click here to access |
945 | |a E-Book |