It takes the average reader 4 hours and 32 minutes to read Lectures on Monetary Economics by Pierpaolo Benigno
Assuming a reading speed of 250 words per minute. Learn more
The recent two decades have witnessed unprecedented central bank interventions around the world to avert the adverse consequences of the 2007-2008 Great Financial crisis and of the Covid-19 Global Lockdown shock. These crises are "testaments" to the effectiveness of monetary policy. Lectures on Monetary Economics provides the reader with an understanding of how monetary policy works in a fiat currency system, starting from the control of the value of money to the stabilization of shocks and ending with the mitigation of depression-prone events. Part I presents a simple monetary model illustrating the three properties of money (unit of account, store of value and medium of exchange) and how central banks can control the value of money. Part II presents the New-Keynesian monetary model, mainly through a simple graphical representation, to study the stabilizing role that monetary policy plays when the economy is hit by standard shocks. Part III analyzes liquidity traps and discusses the ways that monetary policy can reflate the economy using forward guidance, unconventional asset purchases and helicopter money. It also studies the macroeconomic implications of sudden stops, debt deleveraging and shortages of safe assets.
Lectures on Monetary Economics by Pierpaolo Benigno is 266 pages long, and a total of 68,096 words.
This makes it 90% the length of the average book. It also has 83% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes 6 hours and 12 minutes to read Lectures on Monetary Economics aloud.
Lectures on Monetary Economics is suitable for students ages 12 and up.
Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.
When deciding what to show young students always use your best judgement and consult a professional.
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