Modeling Monetary Economies

by Bruce Champ, Scott Freeman

Organized into three sections of increasing complexity. Part One examines money in isolation--demand for fiat money, a comparison of fiat and commodity monies, inflation and exchange rate. The second section adds capital to study money's interaction with other assets and banking. Lastly, it looks at money's effect on saving, investment and output through its effect on nonmonetary government debt.

Genres: Economics, Textbooks

272 pages, Hardcover

First published January 1, 1993

Reviews

[Odile · Rating 5 out of 5]

Dry read but very clear explanation of macroeconomics concepts

[Yasoon · Rating 4 out of 5]

I read this book as a source for an Advanced Macroeconomics lecture.
First half, clearly explains the OLG model an different scenarios resulting to inflation & deflation, including population, monetary base, etc.

[João Ritto · Rating 4 out of 5]

Reasonable treatment of monetary economics in a textbook way that could be used to accompany a course. Each chapter develops an idea about monetary economics and presents a model that can illustrate the point. The core model, however, is an overlapping generations model which is no longer the state-of-the-art nowadays. In fact, there is now a general perception that it is not overlapping generations that explain the need for money, with models of double-coincidence-of-wants taking the lead.

Generally, I would say this is an interesting book for an undergraduate level, but if you want to understand more about monetary economics, you will have to proceed to other kinds of models. Specifically, I would advise you to read about the Fiscal Theory of the Price Level which for me is really the most coherent theory around.