'This book should be on the reading list of every graduate course in monetary economics. The distinguished contributors not only examine and discuss the nature

An important hurdle in analyzing interest rate targeting is that standard models usually lead to price level or inflation rate indeterminacy. This paper develop

This new edition contains full coverage of the deregulation and internationalization of banking and finance in the 1980s and 1990s (including a discussion of th

This book challenges the mainstream paradigm, based on the inter-temporal optimisation of welfare by individual agents. It introduces a methodology for studying

Employment, the trade balance and relative prices; Money and payments adjustment; Assets markets, capital mobility, and stabilization policy; Portfolio balance