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Instructor's Manual for Money: Theory and Practice

  • Book
  • © 2019

Overview

  • Provides assistance in teaching monetary economics and policies
  • Offers a pedagogic approach, as well as questions and answers for the classroom
  • Gives useful guidelines to instructors in using the textbook Money:Theory and Practice

Part of the book series: Springer Texts in Business and Economics (STBE)

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Table of contents (10 chapters)

  1. Money and Equilibrium in the Long Run

  2. Monetary Policy in the Short Run

  3. Unconventional Monetary Policy, Financial Frictions and Crises

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About this book

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.



Authors and Affiliations

  • Research Department, Norges Bank, Oslo, Norway

    Jin Cao

  • Department of Economics, LMU, Munich, Germany

    Gerhard Illing

About the authors

Jin Cao is a research economist in Norges Bank, the Central Bank of Norway. He holds a PhD in economics from Ludwig Maximilians University of Munich, Germany. His research focuses on banking and finance, monetary economics, economics and institutions. 


Gerhard Illing holds the chair in macroeconomics at the Ludwig Maximilian University in Munich, Germany. Previously, he was Professor at the University of Bamberg, Germany from 1993 -1995 and at the Goethe University Frankfurt, Germany from 1995 - 2001. His research focuses on monetary theory, financial stability, systemic risk and lender of last resort policy. He has written several books on macroeconomics, monetary theory and game theory.  

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