Handbook of Monetary Economics


Handbook of Monetary Economics is an indispensable reference that can help you achieve your goals of monetary policy and how they are transmitted. With summaries from scholars on the roles of money in the economy, it also involves the effects of information, and the growing importance of non bank financial institutions. The authors focused on analytical methods and the changing interactions among the ingredients and properties that inform monetary models. The Handbook of Monetary Economics contains the present state of this continually evolving relationship between economic performance and monetary policy regimes, with discussions about the rationality of asset markets and renewed interest in fiscal-monetary connections.

"The politics of monetary policy, inflation targeting, the clash between monetary and fiscal policy are all addressed. The question of robustness in macroeconomic policymaking is considered. This volume provides a valuable source for those concerned with increasing our understanding of the links between theory and practice"
—Martin Shubik, Yale University

"Monetary Economics has made great strides since the HANDBOOK OF MONETARY Economics, Volumes 1 and 2 was published. In Volumes 3A and 3B, you will find surveys, written by leaders in their fields, of new work on foundations, the transmission mechanism, adaptive learning and expectation formation, optimal monetary policy, constraints on monetary policy, robustness in macroEconomics, monetary policy in practice, and much more"
—William A. Brock, University of Wisconsin, Madison

This book:

  • Presents extensive coverage of monetary policy theories with an eye toward questions raised by the recent financial crisis
  • Explores the ingredients, properties, and implications of models that inform monetary policy
  • Observes changes in the formulation of monetary policies over the last 25 years