Why do we study monetary economics?
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Why do we study monetary economics?
The study of monetary economics enables us to understand not just how an economy functions efficiently but also how monetary policy can help the economy adjust from one equilibrium state to another.
Who is the famous monetary economist?
Milton Friedman was one of the leading economic voices of the latter half of the 20th century and popularized many economic ideas that are still important today. Friedman’s economic theories became what is known as monetarism, which refuted important parts of Keynesian economics.
Who is the father of monetary economics?
Milton Friedman
His ideas concerning monetary policy, taxation, privatization and deregulation influenced government policies, especially during the 1980s….
| Milton Friedman | |
|---|---|
| Born | July 31, 1912 Brooklyn, New York, U.S. |
| Died | November 16, 2006 (aged 94) San Francisco, California, U.S. |
| Spouse(s) | Rose Friedman |
What is the difference between monetary economics and financial economics?
It is built on the foundations of microeconomics and decision theory. Whereas financial economics has a primarily microeconomic focus, monetary economics is primarily macroeconomic in nature.
Who Was Milton Friedman’s wife?
Rose Director Friedman (/dɪˈrɛktər ˈfriːdmən/; born Rose Director (December 1910 – 18 August 2009), was a free-market economist and co-founder of the Milton and Rose D….
| Rose Friedman | |
|---|---|
| Alma mater | Reed College University of Chicago |
| Occupation | Economist |
| Spouse(s) | Milton Friedman |
| Children | David D. Friedman Jan Martel |
What are some of the best books on International Monetary Policy?
(*)Leland B. Yeager, International Monetary Relations: Theory, History, and Policy (2nd edition 1976) is a superb treatise masquerading as a textbook. Other advanced textbooks are Jürg Niehans, International Monetary Economics (1984) and Peter Isard, Exchange Rate Economics (1995).
What are the best books on economics for undergraduate students?
The current standard undergraduate textbook is Paul R. Krugman and Maurice Obstfeld, International Economics: Theory and Policy (6th edition 2003); it is not bad but not great. (*)Leland B. Yeager, International Monetary Relations: Theory, History, and Policy (2nd edition 1976) is a superb treatise masquerading as a textbook.
What are some of the best books on money and banking?
No current textbook is outstanding, but okay texts include Meir G. Kohn, Money, Banking and Financial Markets (1993), Roger LeRoy Miller and David D. Van Hoose, Modern Money and Banking (3rd ed. 1993), and Frederic S. Mishkin, Economics of Money, Banking and Financial Markets (4th ed. 1995).
What are some of the best books on Austrian economics?
One of the fountainheads of Austrian monetary thought is Ludwig von Mises, The Theory of Money and Credit (1912; English translation 1934)–ponderous but worthwhile. Tjardus Greidanus, The Value of Money (2nd edition 1950) is a neglected classic expounding a “yield theory” of money. Greidanus was Dutch.