xiv, 408 pages : illustrations ; 26 cm
0631215654 cloth alkaline paper 0631215662 paperback alkaline paper
Formatted Contents Note
Overview Money in the utility function The welfare cost of inflation in a growing economy Government More explicit models of money Optimal fiscal and monetary policy Money and the business cycle: does money matter? Sticky prices in a demand-satisfying model Sticky prices with optimal quantity choices Flexible prices Part 2: An introduction to the economics of uncertainty Preliminaries Does insurance require risk aversion? Asset prices and the Lucas' "tree model" Part 3: An introduction to uncertain and sequential trade (UST) Real models A monetary model Limited participation, sticky prices, and UST: a comparison Inventories and business cycle Money and credit in the business cycle Evidence from micro data The Friedman rule in UST model Sequential international trade Endogenous information and externalities Search and contracts.