000			04136nam a2200493 i 4500
001			10830079
003			CaPaEBR
005			20240726104646.0
008			140125s2014 nyu foab 001 0 eng d
020			_a9781606497258 _q((electronic)l(electronic)ctronic)-book
040			_aCaBNVSL _beng _erda _cCaBNVSL _dCaBNVSL
050	0	4	_aHG230 _b.M664 2014
100	1		_aNaghshpour, Shahdad., _e1
245	1	0	_aMonetary policy within the IS-LM framework /Shahdad Naghshpour.
250			_aFirst edition.
260			_aNew York, New York (222 East 46th Street, New York, NY 10017) : _bBusiness Expert Press, _c(c)2014.
300			_a1 online resource (141 pages)
336			_atext _btxt _2rdacontent
337			_acomputer _bc _2rdamedia
338			_aonline resource _bcr _2rdacarrier
347			_adata file _2rda
490	1		_aEconomics collection,
500			_aPart of: 2013 digital library.
504			_a1 (pages 133-138) and index.
505	0	0	_aSection I. Background and fundamental theories -- _t1. A brief history of monetary theory -- _t2. Politics and monetary policy -- _t3. Two blades are better than one: the role of IS- LM -- _t4. The role of velocity in monetary policy -- _tSection II. Monetary theory and related issues -- _t5. Keynes' view of monetary policy -- _t6. Friedman and modern quantity theory -- _t7. Discretionary policies -- _tSection III. Schools of thought in monetary theory -- _t8. Austrian school -- _t9. Rational expectations hypothesis -- _t10. Inflation targeting -- _tSection IV. The evidence -- _t11. Empirical evidence supporting monetary policy -- _t12. Conclusion -- _tGlossary -- _tNotes -- _tReferences -- _tIndex.
520	3		_aThe majority of economists, would admit that money is powerful and that changes in money will impact the economy, to some extent and most of the time. Monetary theory analyzes and determines how changes in the supply of money affect the economy. The collection of policies that use monetary tools is known as monetary policy. The main monetary authority of a country is its central bank. In the United States it is called the Federal Reserve Bank System (Fed), which is a federation of 12 Federal Reserve Banks. The Fed is responsible for initiating printing of money, monitoring the interest rate, and controlling the supply of money in the economy. Monetary authorities are shielded from executive branch interference by serving 14- year terms. This allows them to act without worrying about political fallout or fear of losing their jobs. The ability to work and function independently from political pressure has been used to claim that the supply of money is exogenous. However, the Fed acts in response to changes in the economy. It constantly monitors the economy and tries to determine the most appropriate interest rate and money supply; therefore, it is acting endogenously. The claim that the Fed's actions are endogenous does not mean that it is immune to errors, political orientations, or has full knowledge of exact amount of money necessary at every moment. Collecting and analyzing data takes time. Using monetary policy to achieve specific objectives, such as a reduction in unemployment and inflation, is even more complicated than determining the correct level of the money supply, or the most appropriate interest rate.
530			_a2 _ub
530			_aAlso available in printing.
538			_aMode of access: World Wide Web.
538			_aSystem requirements: Adobe Acrobat reader.
588			_aTitle from PDF title page (viewed on January 25, 2014).
650		0	_aMonetary policy.
653			_amonetary theory
653			_amonetary policy
653			_aIS
653			_aLM
653			_aquantity theory
653			_aKeynes
653			_afiscal policy
653			_aeffectiveness of money
653			_adiscretionary policies
856	4	1	_uhttps://go.openathens.net/redirector/ciu.edu?url=https://portal.igpublish.com/iglibrary/search/BEPB0000230.html _zClick here to access this RESOURCE ONLINE | Login using your my.ciu username & password
942			_c1 _D _eBEP _hHG230.3 _m(c)2014 _QOB _R _x _8NFIC _dCynthia Snell
999			_c74030 _d74030
902			_a1 _bCynthia Snell _c1 _dCynthia Snell