ABE-IPSABE HOLDINGABE BOOKS
English Polski
On-line access

Bookstore

0.00 PLN
Bookshelf (0) 
Your bookshelf is empty
Money and Asset Prices in Boom and Bust

Money and Asset Prices in Boom and Bust

Authors
Publisher Institute of Economic Affairs
Year 2005
Pages 144
Version hardback
Readership level General/trade
Language English
ISBN 9780255365703
Categories Economics
$15.59 (with VAT)
69.30 PLN / €14.86 / £12.90
Qty:
Delivery to United States

check shipping prices
Product to order
Delivery 5-6 weeks
Add to bookshelf

Book description

By considering recent and historical events such as the Great Depression, episodes of boom and bust in the UK, and the malaise in Japan in the 1990s and the early 21st century, monetary economist Tim Congdon is able to show how monetary policy affects both financial markets and the real economy. In all these episodes, fluctuations in money supply growth led to booms or busts in financial markets and were associated with turbulence in the price level and in output and employment. The crucial linkages between monetary policy and financial markets, argues the author, involve broad money, not narrow money. Non-bank financial institutions, such as pension funds and insurance companies, play a critical role in transmitting fluctuations in money growth to asset prices. This monograph is an important contribution to the crucial debate on the role of monetary aggregates in setting monetary policy. Congdon's argument, that ignoring monetary aggregates can lead to profound instability in the real economy, is compelling.

Money and Asset Prices in Boom and Bust

We also recommend books

Strony www Białystok Warszawa
801 777 223