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The economics of money, banking and financial markets / / Frederick S. Mishkin, Kent Matthews, Massimo Giuliodori
| The economics of money, banking and financial markets / / Frederick S. Mishkin, Kent Matthews, Massimo Giuliodori |
| Autore | Mishkin Frederic S. |
| Edizione | [European edition.] |
| Pubbl/distr/stampa | Harlow, England : , : Pearson, , [2013] |
| Descrizione fisica | 1 online resource (656 pages) |
| Disciplina | 332 |
| Collana | Always learning |
| Soggetto topico |
Finance
Money Banks and banking |
| ISBN | 0-273-79299-7 |
| Formato | Materiale a stampa  |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto |
Cover -- Contents -- Preface -- About the authors -- Guided tour -- Guided tour to MyEconLab -- Publisher's acknowledgements -- PART 1 INTRODUCTION -- CHAPTER 1 Why study money, banking and financial markets? -- Why study financial markets? -- Why study financial institutions and banking? -- Why study money and monetary policy? -- Why study international finance? -- How we will study money, banking and financial markets -- Concluding remarks -- Web exercise -- Summary -- Key terms -- Questions and problems -- Web exercises -- Notes -- Useful websites -- APPENDIX TO CHAPTER 1 Defining aggregate output, income, the price level and the inflation rate -- CHAPTER 2 An overview of the financial system -- Function of financial markets -- Structure of financial markets -- Financial market instruments -- Internationalization of financial markets -- Function of financial intermediaries: indirect finance -- Types of financial intermediaries -- Regulation of the financial system -- Summary -- Key terms -- Questions and problems -- Web exercises -- Note -- Useful websites -- CHAPTER 3 What is money? A comparative approach to measuring money -- Meaning of money -- Functions of money -- Evolution of the payments system -- Measuring money -- Which is the most accurate monetary aggregate? -- Summary -- Key terms -- Questions and problems -- Web exercises -- Notes -- Useful websites -- PART 2 FINANCIAL MARKETS -- CHAPTER 4 Understanding interest rates -- Measuring interest rates -- The distinction between interest rates and returns -- The distinction between real and nominal interest rates -- Summary -- Key terms -- Questions and problems -- Web exercises -- Notes -- Useful websites -- CHAPTER 5 The behaviour of interest rates -- Determinants of asset demand -- Supply and demand in the bond market -- Changes in equilibrium interest rates.
Supply and demand in the market for money: the liquidity preference framework -- Changes in equilibrium interest rates in the liquidity preference framework -- Summary -- Key terms -- Questions and problems -- Web exercises -- Notes -- Useful websites -- CHAPTER 6 The risk and term structure of interest rates -- Risk structure of interest rates -- Term structure of interest rates -- Summary -- Key terms -- Questions and problems -- Web exercises -- Notes -- Useful websites -- CHAPTER 7 The stock market, the theory of rational expectations and the efficient market hypothesis -- Computing the price of common stock -- How the market sets stock prices -- The theory of rational expectations -- The efficient market hypothesis: rational expectations in financial markets -- Behavioural finance -- Summary -- Key terms -- Questions and problems -- Web exercises -- Notes -- Useful websites -- PART 3 FINANCIAL INSTITUTIONS -- CHAPTER 8 An economic analysis of financial structure -- Basic facts about financial structure throughout the world -- Transaction costs -- Asymmetric information: adverse selection and moral hazard -- The lemons problem: how adverse selection influences financial structure -- How moral hazard affects the choice between debt and equity contracts -- How moral hazard influences financial structure in debt markets -- Conflicts of interest -- Summary -- Key terms -- Questions and problems -- Web exercise -- Notes -- Useful website -- CHAPTER 9 Financial crises and the subprime meltdown -- Factors causing financial crises -- Dynamics of past financial crises in developed countries -- The subprime financial crisis of 2007-8 -- Dynamics of financial crises in emerging market economies -- Dynamics of the eurozone financial crisis -- Summary -- Key terms -- Questions and problems -- Web exercises -- Notes -- Useful websites. CHAPTER 10 Banking and the management of financial institutions -- The bank balance sheet -- Basic banking -- General principles of bank management -- Managing credit risk -- Managing interest-rate risk -- Off-balance-sheet activities -- Summary -- Key terms -- Questions and problems -- Web exercises -- Notes -- Useful websites -- CHAPTER 11 Economic analysis of financial regulation -- Asymmetric information and financial regulation -- Advantages and disadvantages of bank regulation -- Banking crises throughout the world -- Whither financial regulation after the subprime financial crisis? -- Summary -- Key terms -- Questions and problems -- Web exercises -- Notes -- Useful websites -- CHAPTER 12 Banking industry: structure and competition -- The single banking market in Europe -- Competition and bank consolidation -- Financial innovation and the growth of the 'shadow banking system' -- Structure of the European commercial banking industry -- International banking -- Summary -- Key terms -- Questions and problems -- Web exercises -- Notes -- Useful websites -- PART 4 CENTRAL BANKING -- CHAPTER 13 The goals and structure of central banks -- The price stability goal and the nominal anchor -- Other possible goals of monetary policy -- Should price stability be the primary goal of monetary policy? -- Structure of central banks -- The Bank of England -- The Federal Reserve System -- The European Central Bank -- Other central banks around the world -- Should the central banks be independent? -- Summary -- Key terms -- Questions and problems -- Web exercises -- Notes -- Useful websites -- CHAPTER 14 The money supply process -- Three players in the money creation process -- The central bank's balance sheet -- Control of the monetary base -- Multiple deposit creation: a simple model -- The money multiplier -- Factors that determine the money supply. Overview of the money creation process -- Limits of the central bank's ability to control the money supply -- Summary -- Key terms -- Questions and problems -- Web exercises -- Notes -- Useful websites -- CHAPTER 15 The tools of monetary policy -- The market for reserves and the overnight interest rate -- Open market operations -- Standing facilities -- Reserve requirements -- Summary -- Key terms -- Questions and problems -- Web exercises -- Notes -- Useful websites -- CHAPTER 16 The conduct of monetary policy: strategy and tactics -- Monetary targeting -- Inflation targeting -- Monetary policy with an implicit nominal anchor -- Tactics: choosing the policy instrument -- Tactics: the Taylor rule -- Central banks' response to asset-price bubbles: lessons from the subprime crisis -- Summary -- Key terms -- Questions and problems -- Web exercises -- Notes -- Useful websites -- PART 5 INTERNATIONAL FINANCE AND MONETARY POLICY -- CHAPTER 17 The foreign exchange market: exchange rates and applications -- Foreign exchange market -- Exchange rates in the long run -- Exchange rates in the short run: a supply and demand analysis -- Explaining changes in exchange rates -- Summary -- Key terms -- Questions and problems -- Web exercises -- Notes -- Useful websites -- APPENDIX TO CHAPTER 17: The interest parity condition -- CHAPTER 18 The international financial system -- Intervention in the foreign exchange market -- Balance of payments -- Exchange rate regimes in the international financial system -- Capital controls -- The role of the IMF -- International considerations and monetary policy -- To peg or not to peg: exchange-rate targeting as an alternative monetary policy strategy -- Currency boards, dollarization and monetary unions -- Summary -- Key terms -- Questions and problems -- Web exercises -- Notes -- Useful websites -- PART 6 MONETARY THEORY. CHAPTER 19 The demand for money -- Quantity theory of money -- Is velocity a constant? -- Keynes's liquidity preference theory -- Further developments in the Keynesian approach -- Friedman's modern quantity theory of money -- Distinguishing between the Friedman and Keynesian theories -- Empirical evidence on the demand for money -- Summary -- Key terms -- Questions and problems -- Web exercises -- Notes -- Useful websites -- CHAPTER 20 The ISLM model -- Determination of aggregate output -- The ISLM model -- ISLM approach to aggregate output and interest rates -- Summary -- Key terms -- Questions and problems -- Web exercises -- Notes -- Useful websites -- CHAPTER 21 Monetary and fiscal policy in the ISLM model -- Factors that cause the IS curve to shift -- Factors that cause the LM curve to shift -- Changes in equilibrium level of the interest rate and aggregate output -- Effectiveness of monetary versus fiscal policy -- ISLM model in the long run -- Summary -- Key terms -- Questions and problems -- Web exercises -- Notes -- Useful websites -- CHAPTER 22 Aggregate demand andsupply analysis -- Aggregate demand -- Aggregate supply -- Equilibrium in aggregate demand and supply analysis -- Summary -- Key terms -- Questions and problems -- Web exercises -- Notes -- Useful websites -- CHAPTER 23 Transmission mechanisms of monetary policy: the evidence -- Framework for evaluating empirical evidence -- Transmission mechanisms of monetary policy -- Lessons for monetary policy -- Summary -- Key terms -- Questions and problems -- Web exercises -- Notes -- Useful websites -- CHAPTER 24 Money and inflation -- Money and inflation: evidence -- Meaning of inflation -- Views of inflation -- Origins of inflationary monetary policy -- The discretionary/non-discretionary policy debate -- Summary -- Key terms -- Questions and problems -- Web exercises -- Notes. Useful websites. |
| Record Nr. | UNINA-9910151651703321 |
Mishkin Frederic S.
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| Harlow, England : , : Pearson, , [2013] | ||
| Materiale a stampa | ||
| Lo trovi qui: Univ. Federico II | ||
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The economics of money, banking, and financial markets / / Frederic S. Mishkin
| The economics of money, banking, and financial markets / / Frederic S. Mishkin |
| Autore | Mishkin Frederic S. |
| Edizione | [Eleventh edition, Global edition.] |
| Pubbl/distr/stampa | Boston : , : Pearson, , [2016] |
| Descrizione fisica | 1 online resource (744 pages) : illustrations |
| Disciplina | 332.1 |
| Collana | Pearson Series in Economics |
| Soggetto topico |
Banks and banking
Finance Money |
| ISBN | 1-292-09419-2 |
| Formato | Materiale a stampa |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto |
Cover -- Title Page -- Copyright Page -- Brief Contents -- Contents in Detail -- Preface -- Acknowledgments -- About the Author -- Part 1: Introduction -- Chapter 1: Why Study Money, Banking, and Financial Markets? -- Why Study Financial Markets? -- Why Study Financial Institutions and Banking? -- Why Study Money and Monetary Policy? -- Why Study International Finance? -- How we will Study Money, Banking, and Financial Markets -- Concluding Remarks -- Appendix to Chapter 1: Defining Aggregate Output, Income, the Price Level, and the Inflation Rate -- Aggregate Output and Income -- Real Versus Nominal Magnitudes -- Aggregate Price Level -- Growth Rates and the Inflation Rate -- Chapter 2: An Overview of the Financial System -- Function of Financial Markets -- Structure of Financial Markets -- Financial Market Instruments -- Following the Financial News: Money Market Rates -- Following the Financial News: Capital Market Interest Rates -- Internationalization of Financial Markets -- Global: Are U.S. Capital Markets Losing their Edge? -- Function of Financial Intermediaries: Indirect Finance -- Following the Financial News: Foreign Stock Market Indexes -- Global: The Importance of Financial Intermediaries Relative to Securities Markets: An International Comparison -- Types of Financial Intermediaries -- Regulation of the Financial System -- Chapter 3: What Is Money? -- Meaning of Money -- Functions of Money -- Evolution of the Payments System -- FYI: Are We Headed for a Cashless Society? -- APPLICATION: Will Bitcoin Become the Money of the Future? -- Measuring Money -- Following the Financial News: The Monetary Aggregates -- FYI: Where Are All the U.S. Dollars? -- Part 2: Financial Markets -- Chapter 4: The Meaning of Interest Rates -- Measuring Interest Rates -- APPLICATION: Simple Present Value -- APPLICATION: How Much Is That Jackpot Worth?.
APPLICATION: Yield to Maturity on a Simple Loan -- APPLICATION: Yield to Maturity and the Yearly Payment on a Fixed-Payment Loan -- APPLICATION: Yield to Maturity and Bond Price for a Coupon Bond -- APPLICATION: Yield to Maturity on a Perpetuity -- APPLICATION: Yield to Maturity on a Discount Bond -- The Distinction Between Interest Rates And Returns -- The Distinction Between Real And Nominal Interest Rates -- APPLICATION: Calculating Real Interest Rates -- Chapter 5: The Behavior of Interest Rates -- Determinants of Asset Demand -- Supply and Demand in the Bond Market -- Changes in Equilibrium Interest Rates -- APPLICATION: Changes in the Interest Rate Due to Expected Inflation: The Fisher Effect -- APPLICATION: Changes in the Interest Rate Due to a Business Cycle Expansion -- APPLICATION: Explaining Low Japanese Interest Rates -- Supply And Demand in the Market For Money: The Liquidity Preference Framework -- Changes in Equilibrium Interest Rates in the Liquidity Preference Framework -- APPLICATION: Changes in the Equilibrium Interest Rate Due to Changes in Income, the Price Level, or the Money Supply -- Money and Interest Rates -- APPLICATION: Does a Higher Rate of Growth of the Money Supply Lower Interest Rates? -- Chapter 6: The Risk and Term Structure of Interest Rates -- Risk Structure of Interest Rates -- FYI: Conflicts of Interest at Credit-Rating Agencies and the Global Financial Crisis -- APPLICATION: The Global Financial Crisis and the Baa-Treasury Spread -- APPLICATION: Effects of the Obama Tax Increase on Bond Interest Rates -- Term Structure of Interest Rates -- Following the Financial News: Yield Curves -- FYI: The Yield Curve as a Forecasting Tool for Inflation and the Business Cycle -- APPLICATION: Interpreting Yield Curves, 1980-2014. Chapter 7: The Stock Market, the Theory of Rational Expectations, and the Efficient Market Hypothesis -- Computing the Price of Common Stock -- How the Market Sets Stock Prices -- APPLICATION: Monetary Policy and Stock Prices -- APPLICATION: The Global Financial Crisis and the Stock Market -- The Theory of Rational Expectations -- The Efficient Market Hypothesis: Rational Expectations in Financial Markets -- Global: Should Foreign Exchange Rates Follow a Random Walk? -- APPLICATION: Practical Guide to Investing in the Stock Market -- FYI: Should You Hire an Ape as Your Investment Adviser? -- Why the Efficient Market Hypothesis Does Not Imply that Financial Markets are Efficient -- APPLICATION: What Do Stock Market Crashes Tell Us About the Efficient Market Hypothesis and the Efficiency of Financial Markets? -- Behavioral Finance -- Part 3: Financial Institutions -- Chapter 8: An Economic Analysis of Financial Structure -- Basic Facts About Financial Structure Throughout The World -- Transaction Costs -- Asymmetric Information: Adverse Selection and Moral Hazard -- The Lemons Problem: How Adverse Selection Influences Financial Structure -- FYI: The Enron Implosion -- How Moral Hazard Affects the Choice Between Debt and Equity Contracts -- How Moral Hazard Influences Financial Structure in Debt Markets -- APPLICATION: Financial Development and Economic Growth -- FYI: The Tyranny of Collateral -- APPLICATION: Is China a Counterexample to the Importance of Financial Development? -- Chapter 9: Banking and the Management of Financial Institutions -- The Bank Balance Sheet -- Basic Banking -- General Principles of Bank Management -- APPLICATION: Strategies for Managing Bank Capital -- APPLICATION: How a Capital Crunch Caused a Credit Crunch During the Global Financial Crisis -- Managing Credit Risk -- Managing Interest-Rate Risk. APPLICATION: Strategies for Managing Interest-Rate Risk -- Off-Balance-Sheet Activities -- Global: Barings, Daiwa, Sumitomo, Société Générale, and JP Morgan Chase: Rogue Traders and the Principal-Agent Problem -- Chapter 10: Economic Analysis of Financial Regulation -- Asymmetric Information as a Rationale for Financial Regulation -- Global: The Spread of Government Deposit Insurance Throughout the World: Is This a Good Thing? -- Types of Financial Regulation -- Global: Where Is the Basel Accord Heading After the Global Financial Crisis? -- FYI: Mark-to-Market Accounting and the Global Financial Crisis -- Global: International Financial Regulation -- Chapter 11: Banking Industry: Structure and Competition -- Historical Development of the Banking System -- Financial Innovation and the Growth of the "Shadow Banking System" -- FYI: Will "Clicks" Dominate "Bricks" in the Banking Industry? -- FYI: Bruce Bent and the Money Market Mutual Fund Panic of 2008 -- Structure of the U.S. Commercial Banking Industry -- Bank Consolidation And Nationwide Banking -- Global: Comparison of Banking Structure in the United States and Abroad -- Separation of Banking and Other Financial Service Industries -- FYI: The Global Financial Crisis and the Demise of Large, Free-Standing Investment Banks -- Thrift Industry: Regulation and Structure -- International Banking -- Global: Ironic Birth of the Eurodollar Market -- Chapter 12: Financial Crises in Advanced Economies -- What is a Financial Crisis? -- Dynamics of Financial Crises -- APPLICATION: The Mother of All Financial Crises: The Great Depression -- The Global Financial Crisis of 2007-2009 -- FYI: Collateralized Debt Obligations (CDOs) -- Inside the Fed: Was the Fed to Blame for the Housing Price Bubble? -- Global: The European Sovereign Debt Crisis -- Government Intervention and the Recovery. Global: Latvia's Different and Controversial Response: Expansionary Contraction -- Stabilizing the Global Financial System: Longterm Responses -- FYI: The LIBOR Scandal -- Future Regulations and Policy Areas at the International Level -- Chapter 13: Financial Crises in Emerging Economies -- Dynamics of Financial Crises in Emerging Market Economies -- APPLICATION: Crisis in South Korea, 1997-1998 -- APPLICATION: The Argentine Financial Crisis, 2001-2002 -- Global: When an Advanced Economy Is Like an Emerging Market Economy: The Icelandic Financial Crisis of 2008 -- Preventing Emerging Market Financial Crises -- Part 4: Central Banking and the Conduct of Monetary Policy -- Chapter 14: Central Banks: A Global Perspective -- Origins of the Federal Reserve System -- Structure of the Federal Reserve System -- Inside the Fed: The FOMC Meeting -- How Independent Is the Fed? -- Inside the Fed: Styles of Federal Reserve Chairs: Bernanke and Yellen Versus Greenspan -- Should the Fed be Independent? -- Explaining Central Bank Behavior -- Structure and Independence of the European Central Bank -- Central Banks Round the World -- Global: Islamic Finance: Alternative Ethical Solutions to Financial Stability -- Structure and Independence of Other Foreign Central Banks -- Chapter 15: The Money Supply Process -- Three Players in the Money Supply Process -- The Fed's Balance Sheet -- Control of the Monetary Base -- Multiple Deposit Creation: A Simple Model -- Factors That Determine the Money Supply -- Overview of the Money Supply Process -- The Money Multiplier -- APPLICATION: Quantitative Easing and the Money Supply, 2007-2014 -- Chapter 16: Tools of Monetary Policy -- The Market for Reserves and the Federal Funds Rate -- APPLICATION: How the Federal Reserve's Operating Procedures Limit Fluctuations in the Federal Funds Rate -- Conventional Monetary Policy Tools. Inside the Fed: A Day at the Trading Desk. |
| Record Nr. | UNINA-9910154953503321 |
|
Mishkin Frederic S.
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||
| Boston : , : Pearson, , [2016] | ||
| Materiale a stampa | ||
| Lo trovi qui: Univ. Federico II | ||
| ||
Economics of money, banking, and financial markets : business school edition / / Frederic S. Mishkin
| Economics of money, banking, and financial markets : business school edition / / Frederic S. Mishkin |
| Autore | Mishkin Frederic S. |
| Edizione | [Third edition.] |
| Pubbl/distr/stampa | Harlow, Essex, England : , : Pearson, , [2014] |
| Descrizione fisica | 1 online resource (778 pages) : illustrations |
| Disciplina | 332 |
| Collana | Always learning |
| Soggetto topico | Finance |
| ISBN | 1-292-05451-4 |
| Formato | Materiale a stampa |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Record Nr. | UNINA-9910153258103321 |
|
Mishkin Frederic S.
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||
| Harlow, Essex, England : , : Pearson, , [2014] | ||
| Materiale a stampa | ||
| Lo trovi qui: Univ. Federico II | ||
| ||
Macroeconomics : policy and practice / / Frederic S. Mishkin
| Macroeconomics : policy and practice / / Frederic S. Mishkin |
| Autore | Mishkin Frederic S. |
| Edizione | [Second edition, Global edition.] |
| Pubbl/distr/stampa | Boston : , : Pearson, , 2015 |
| Descrizione fisica | 1 online resource (57 pages) : illustrations |
| Disciplina | 339 |
| Collana |
Always Learning
Pearson Custom Library |
| Soggetto topico | Macroeconomics |
| ISBN | 1-292-06717-9 |
| Formato | Materiale a stampa |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto |
Cover -- Title -- Copyright -- Brief Contents -- Contents -- Preface -- About the Author -- PART 1 Introduction -- Chapter 1 THE POLICY AND PRACTICE OF MACROECONOMICS -- PREVIEW -- THE PRACTICE OF MACROECONOMICS -- The Process: Developing Macroeconomic Models -- The Purpose: Interpreting Macroeconomic Data -- MACROECONOMIC POLICY -- How Can Poor Countries Get Rich? -- Is Saving Too Low? -- Do Government Budget Deficits Matter? -- How Costly Is It to Reduce Inflation? -- How Can We Make Financial Crises Less Likely? -- How Active Should Stabilization Policy Be? -- Should Macroeconomic Policy Follow Rules? -- Are Global Trade Imbalances a Danger? -- HOW WE WILL STUDY MACROECONOMICS -- Emphasis on Policy and Practice -- Concluding Remarks -- SUMMARY -- KEY TERMS -- REVIEW QUESTIONS -- PROBLEMS -- DATA ANALYSIS PROBLEMS -- Chapter 2 MEASURING MACROECONOMIC DATA -- PREVIEW -- MEASURING ECONOMIC ACTIVITY: NATIONAL INCOME ACCOUNTING -- MEASURING GDP: THE PRODUCTION APPROACH -- Market Value -- Final Goods and Services -- Newly Produced Goods and Services -- Fixed Period of Time -- POLICY AND PRACTICE: Can GDP Buy Happiness? -- Stocks Versus Flows -- MEASURING GDP: THE EXPENDITURE APPROACH -- Consumption Expenditure -- Investment -- Government Purchases -- Meaning of the Word Investment -- Net Exports -- Changes in the Spending Components of GDP over Time -- MEASURING GDP: THE INCOME APPROACH -- Categories of Income -- An International Comparison of Expenditure Components -- Income Measures -- REAL VERSUS NOMINAL GDP -- Nominal Variables -- Real Variables -- Chain-Weighted Measures of Real GDP -- MEASURING INFLATION -- GDP Deflator -- PCE Deflator -- Consumer Price Index -- POLICY AND PRACTICE: Policy and Overstatements of the Cost of Living -- Inflation Rate -- Percentage Change Method and the Inflation Rate -- MEASURING UNEMPLOYMENT.
MACROECONOMICS IN THE NEWS: Unemployment and Employment -- MEASURING INTEREST RATES -- Types of Interest Rates -- MACROECONOMICS IN THE NEWS: Interest Rates -- Real Versus Nominal Interest Rates -- The Important Distinction Between Real and Nominal Interest Rates -- SUMMARY -- KEY TERMS -- REVIEW QUESTIONS -- PROBLEMS -- DATA ANALYSIS PROBLEMS -- PART 2 Macroeconomic Basics -- Chapter 3 AGGREGATE PRODUCTION AND PRODUCTIVITY -- PREVIEW -- DETERMINANTS OF AGGREGATE PRODUCTION -- Factors of Production -- Production Function -- Cobb-Douglas Production Function -- APPLICATION: Why Are Some Countries Rich and Others Poor? -- Cobb-Douglas Production Function Characteristics -- Changes in the Production Function: Supply Shocks -- DETERMINATION OF FACTOR PRICES -- Demand for Capital and Labor -- Supply of Capital and Labor -- Factor Market Equilibrium -- DISTRIBUTION OF NATIONAL INCOME -- APPLICATION: Explaining Real Wage Growth -- APPLICATION: Oil Shocks, Real Wages, and the Stock Market -- Concluding Remarks -- SUMMARY -- KEY TERMS -- REVIEW QUESTIONS -- PROBLEMS -- DATA ANALYSIS PROBLEMS -- Chapter 4 SAVING AND INVESTMENT IN CLOSED AND OPEN ECONOMIES -- PREVIEW -- RELATIONSHIP BETWEEN SAVING AND WEALTH -- Private Saving -- Government Saving -- National Saving -- POLICY AND PRACTICE: Government Policies to Stimulate Saving -- Uses of Saving -- The Link Between Saving and Wealth -- MACROECONOMICS IN THE NEWS: Balance of Payments Accounts -- APPLICATION: How the United States Became the Largest Net Debtor in the World -- SAVING, INVESTMENT, AND GOODS MARKET EQUILIBRIUM IN A CLOSED ECONOMY -- Saving and Investment Equation -- Saving -- Investment -- Goods Market Equilibrium -- RESPONSE TO CHANGES IN SAVING AND INVESTMENT IN A CLOSED ECONOMY -- Changes in Saving: Autonomous Consumption -- Changes in Saving: Effects of Fiscal Policy. POLICY AND PRACTICE: Crowding Out and the Debate over the 2009 Fiscal Stimulus Package -- Changes in Autonomous Investment -- SAVING, INVESTMENT, AND GOODS MARKET EQUILIBRIUM IN AN OPEN ECONOMY -- Perfect Capital Mobility and the Open Economy -- Goods Market Equilibrium in an Open Economy -- SAVING, INVESTMENT, AND THE TRADE BALANCE IN A SMALL OPEN ECONOMY -- Goods Market Equilibrium in a Small Open Economy -- Connection Between the World Economy and the Small Open Economy -- RESPONSE TO CHANGES IN SAVING AND INVESTMENT IN A SMALL OPEN ECONOMY -- Changes in Domestic Saving -- APPLICATION: The Twin Deficits -- Changes in Investment -- LARGE VERSUS SMALL OPEN ECONOMIES -- SUMMARY -- KEY TERMS -- REVIEW QUESTIONS -- PROBLEMS -- DATA ANALYSIS PROBLEMS -- Chapter 4 Web Appendix SAVING AND INVESTMENT IN LARGE OPEN ECONOMIES -- Chapter 5 MONEY AND INFLATION -- PREVIEW -- WHAT IS MONEY? -- Meaning of Money -- Functions of Money -- Unusual Forms of Money -- CENTRAL BANKS AND THE CONTROL OF THE MONEY SUPPLY -- Federal Reserve Banks -- Board of Governors of the Federal Reserve System -- Federal Open Market Committee (FOMC) -- The European Central Bank -- Control of the Money Supply -- MEASURING MONEY -- The Federal Reserve's Monetary Aggregates -- Where Are All the U.S. Dollars and the Euros? -- The Fed's Use of M1 Versus M2 in Practice -- QUANTITY THEORY OF MONEY -- Velocity of Money and the Equation of Exchange -- From the Equation of Exchange to the Quantity Theory of Money -- The Classical Dichotomy -- Quantity Theory and the Price Level -- Quantity Theory and Inflation -- APPLICATION: Testing the Quantity Theory of Money -- HYPERINFLATION -- POLICY AND PRACTICE: The Zimbabwean Hyperinflation -- INFLATION AND INTEREST RATES -- APPLICATION: Testing the Fisher Effect -- THE COST OF INFLATION -- Costs of Anticipated Inflation. Costs of Unanticipated Inflation -- SUMMARY -- KEY TERMS -- REVIEW QUESTIONS -- PROBLEMS -- DATA ANALYSIS PROBLEMS -- Chapter 5 Appendix THE MONEY SUPPLY PROCESS -- THE FED'S BALANCE SHEET -- Liabilities -- Assets -- CONTROL OF THE MONETARY BASE -- Federal Reserve Open Market Operations -- Shifts from Deposits into Currency -- Discount Loans -- Overview of the Fed's Ability to Control the Monetary Base -- MULTIPLE DEPOSIT CREATION: A SIMPLE MODEL -- Deposit Creation: The Single Bank -- Deposit Creation: The Banking System -- Critique of the Simple Model -- FACTORS THAT DETERMINE THE MONEY SUPPLY -- Changes in the Nonborrowed Monetary Base -- Changes in Borrowed Reserves from the Fed -- Changes in the Required Reserve Ratio -- Changes in Currency Holdings -- Changes in Excess Reserves -- Overview of the Money Supply Process -- THE MONEY MULTIPLIER -- Deriving the Money Multiplier -- Intuition Behind the Money Multiplier -- Money Supply Response to Changes in the Factors -- APPLICATION: Quantitative Easing and the Money Supply, 2007-2013 -- SUMMARY -- KEY TERMS -- REVIEW QUESTIONS AND PROBLEMS -- DATA ANALYSIS PROBLEMS -- Chapter 5 Web Appendix APPLICATION: THE GREAT DEPRESSION BANK PANICS AND THE MONEY SUPPLY, 1930-1933 -- PART 3 Long-Run Economic Growth -- Chapter 6 THE SOURCES OF GROWTH AND THE SOLOW MODEL -- PREVIEW -- ECONOMIC GROWTH AROUND THE WORLD -- THE SOLOW GROWTH MODEL -- Building Blocks of the Solow Growth Model -- Time Subscripts -- Dynamics of the Solow Growth Model -- Convergence in the Solow Model -- The "Bathtub Model" of the Steady State -- APPLICATION: Evidence on Convergence, 1960-2012 -- War, Destruction, and Growth Miracles -- SAVING RATE CHANGES IN THE SOLOW MODEL -- POPULATION GROWTH IN THE SOLOW MODEL -- Population Growth and the Steady State -- Changes in Population Growth -- Population Growth and Real GDP Per Capita. POLICY AND PRACTICE: China's One-Child Policy and Other Policies to Limit Population Growth -- PRODUCTIVITY GROWTH IN THE SOLOW MODEL -- Technology Growth and the Steady State -- SUMMING UP THE SOLOW MODEL -- Solow Model: The Results -- Solow Model: Limitations -- SOURCES OF ECONOMIC GROWTH: GROWTH ACCOUNTING -- Growth Accounting Equation -- Growth Accounting in Practice -- APPLICATION: U.S. Growth Rates in the Postwar Period -- CROSS-COUNTRY DIFFERENCES IN GROWTH ACCOUNTING RATES -- SUMMARY -- KEY TERMS -- REVIEW QUESTIONS -- PROBLEMS -- DATA ANALYSIS PROBLEMS -- Chapter 6 Appendix THE ALGEBRA OF THE SOLOW GROWTH MODEL -- SOLVING FOR THE STEADY STATE -- SUMMARY AND RESULTS -- REVIEW QUESTIONS AND PROBLEMS -- Chapter 6 Web Appendix THE GOLDEN RULE LEVEL OF THE CAPITAL-LABOR RATIO -- Chapter 7 DRIVERS OF GROWTH: TECHNOLOGY, POLICY, AND INSTITUTIONS -- PREVIEW -- TECHNOLOGY AS A PRODUCTION INPUT -- Technology Versus Conventional Production Inputs -- Technology and Excludability -- POLICIES TO PROMOTE PRODUCTIVITY -- Building Infrastructure -- Increasing Human Capital -- POLICY AND PRACTICE: Government Measures to Increase Human Capital -- Encouraging Research and Development -- INSTITUTIONS AND PROPERTY RIGHTS -- The Legal System and Property Rights -- Geography, the Legal System, and Economic Growth -- Obstacles to Effective Property Rights -- POLICY AND PRACTICE: The World Bank's Doing Business -- POLICY AND PRACTICE: Does Foreign Aid Work? -- ENDOGENOUS GROWTH THEORY -- Allocation of Labor -- Production Function -- Production of Technology -- Sustained Growth in the Romer Model -- FACTORS THAT AFFECT ENDOGENOUS GROWTH -- Effects of an Increase in the Fraction of the Population Engaged in R&D, α -- Effect of Changes in the Productiveness of R&D, χ -- Response to an Increase in the Total Population, N. APPLICATION: Does Population Growth Improve Living Standards?. |
| Record Nr. | UNINA-9910154798003321 |
|
Mishkin Frederic S.
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| Boston : , : Pearson, , 2015 | ||
| Materiale a stampa | ||
| Lo trovi qui: Univ. Federico II | ||
| ||