The Microfoundations of Money

Lecture Money, Banking & Finance - Lecture 2: The Microfoundations of Money - Part 1. The following will be discussed in this chapter: The foundations of Classical Monetary theory and the Classical dichotomy, The invalidity of the Classical dichotomy, neo-Classical monetary theory - the Real Balance Effect, Evaluation of RBE, The CIA model, macro implications.

20p runordie1 10-05-2022 21 2   Download

Lecture Money, Banking & Finance - Lecture 3: The Microfoundations of Money - Part 2. The following will be discussed in this chapter: Dissatisfaction with ad hoc formulation and MIUF approach, OLG - a theory of monetary exchange under Laissez Faire, Critical evaluation of OLG - purely a store of value, Intergenerational contracts, Legal restrictions, Another look at MIUF and CIA.

28p runordie1 10-05-2022 19 2   Download