Monetary theory and policy

Abstract

1. Empirical Evidence on Money, Prices, and Output -- 2. Money-in-the-Utility Function -- 3. Money and Transactions -- 4. Money and Public Finance -- 5. Money in the Short Run: Informational and Portfolio Rigidities -- 6. Money in the Short Run: Nominal Price and Wage Rigidities -- 7. Discretionary Policy and Time Inconsistency -- 8. New Keynesian Monetary Economics -- 9. Money and the Open Economy -- 10. Financial Markets and Monetary Policy -- 11. Monetary Policy Operating Procedures.