How Long to Read Money: Theory and Practice

How Long Does it Take to Read Money: Theory and Practice?

It takes the average reader 6 hours and 55 minutes to read Money: Theory and Practice by Jin Cao

Assuming a reading speed of 250 words per minute. Learn more

Description

This textbook provides an introduction to modern monetary economics for advanced undergraduates, highlighting the lessons learned from the recent financial crisis. The book presents both the core New Keynesian model and recent advances, taking into account financial frictions, and discusses recent research on an intuitive level based on simple static and two-period models, but also prepares readers for an extension to a truly dynamic analysis. Further, it offers a systematic perspective on monetary policy, covering a wide range of models to help readers gain a better understanding of controversial issues. Part I examines the long-run perspective, addressing classical monetary policy issues such as determination of the price level and interaction between monetary and fiscal policy. Part II introduces the core New Keynesian model, characterizing optimal monetary policy to stabilize short-term shocks. It discusses rules vs. discretion and the challenges arising from control errors, imperfect information and robustness issues. It also analyzes optimal control in the presence of an effective lower bound. Part III focuses on modelling financial frictions. It identifies the transmission mechanisms of monetary policy via banking and introduces models with incomplete markets, principal-agent problems, maturity mismatch and leverage cycles, to show why investors’ and intermediaries’ own stakes play a key role in lending with pro-cyclical features. In addition, it presents a tractable model for handling liquidity management and demonstrates that the need to sell assets in crisis amplifies the volatility of the real economy. Lastly, the book discusses the relation between monetary policy and financial stability, addressing systemic risk and the role of macro-prudential regulation.

How long is Money: Theory and Practice?

Money: Theory and Practice by Jin Cao is 412 pages long, and a total of 103,824 words.

This makes it 139% the length of the average book. It also has 127% more words than the average book.

How Long Does it Take to Read Money: Theory and Practice Aloud?

The average oral reading speed is 183 words per minute. This means it takes 9 hours and 27 minutes to read Money: Theory and Practice aloud.

What Reading Level is Money: Theory and Practice?

Money: Theory and Practice 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.

Where Can I Buy Money: Theory and Practice?

Money: Theory and Practice by Jin Cao is sold by several retailers and bookshops. However, Read Time works with Amazon to provide an easier way to purchase books.

To buy Money: Theory and Practice by Jin Cao on Amazon click the button below.