Instructor’s Manual For Money: Theory And Practice

Description

This instructor’s manual complements the textbook Money: Theory and Practice which provides an introduction to modern monetary economics for advanced undergraduates, highlighting the lessons learned from the recent financial crisis. The manual provides teachers with exercises and examples that reflect 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. Front Matter ....Pages i-ix Front Matter ....Pages 1-1 Long Run Growth: The Basic Framework (Jin Cao, Gerhard Illing)....Pages 3-33 Money and Long Run Growth (Jin Cao, Gerhard Illing)....Pages 35-61 Interaction Between Monetary and Fiscal Policy: Active and Passive Monetary Regimes (Jin Cao, Gerhard Illing)....Pages 63-76 Front Matter ....Pages 77-77 New Keynesian Macroeconomics (Jin Cao, Gerhard Illing)....Pages 79-103 Optimal Monetary Policy (Jin Cao, Gerhard Illing)....Pages 105-137 Monetary Policy Under Uncertainty (Jin Cao, Gerhard Illing)....Pages 139-150 Liquidity Trap: Limits for Monetary Policy at the Effective Lower Bound (Jin Cao, Gerhard Illing)....Pages 151-151 Front Matter ....Pages 153-153 Monetary Policy in Practice (Jin Cao, Gerhard Illing)....Pages 155-155 Financial Frictions and Monetary Policy (Jin Cao, Gerhard Illing)....Pages 157-168 Monetary Policy and Financial Stability (Jin Cao, Gerhard Illing)....Pages 169-179 Back Matter ....Pages 181-219