Monetary policy and inflation: (Record no. 8169)
[ view plain ]
| 000 -LEADER | |
|---|---|
| fixed length control field | 03212nam a22002177a 4500 |
| 005 - DATE AND TIME OF LATEST TRANSACTION | |
| control field | 20250117172742.0 |
| 008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION | |
| fixed length control field | 250117b |||||||| |||| 00| 0 eng d |
| 020 ## - INTERNATIONAL STANDARD BOOK NUMBER | |
| International Standard Book Number | 9781032557991 |
| 082 ## - DEWEY DECIMAL CLASSIFICATION NUMBER | |
| Classification number | 332.46 |
| Item number | MAC |
| 100 ## - MAIN ENTRY--PERSONAL NAME | |
| Personal name | Machaj, Mateusz |
| 245 ## - TITLE STATEMENT | |
| Title | Monetary policy and inflation: |
| Remainder of title | quantity theory of money |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. (IMPRINT) | |
| Name of publisher, distributor, etc. | Routledge |
| Place of publication, distribution, etc. | New York |
| Date of publication, distribution, etc. | 2024 |
| 300 ## - PHYSICAL DESCRIPTION | |
| Extent | ix, 62 p. |
| 365 ## - TRADE PRICE | |
| Price type code | GBP |
| Price amount | 49.99 |
| 490 ## - SERIES STATEMENT | |
| Series statement | Routledge Focus on Economics and Finance |
| 500 ## - GENERAL NOTE | |
| General note | Table of content:<br/>1. 1. Instead of an introduction. BIS report: Welcome to 2023, inflation depends on money supply 2. Formalized quantity theory of money and Milton Friedman's monetary program 3. The most important studies in the quantity theory of money research in the last 40 years 4. Conventional monetary policy and the rationale for the absence of money supply in its rules 5. Active monetary policy after 2008 and the inadequacy of the money multiplier model 6. Active monetary policy during the 2020 pandemic 7. Conclusions<br/><br/>[https://www.routledge.com/Monetary-Policy-and-Inflation-Quantity-Theory-of-Money/Machaj/p/book/9781032557991?srsltid=AfmBOorv4K_uMTvJ8nEWwQaLqM3jx7O0FXPESfAhNLI1Qy_7tkiRuWss] |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc. | Recent years have seen a return to high inflation that has sparked debate about the causal role of monetary policy in significant price increases, especially in the context of the quantity theory of money. This book builds upon a long-accepted tradition of quantity theory of money in explaining long-run inflation levels.<br/><br/>It elucidates how and why – despite its important limitations – the theory can be applied throughout history, including the 2022 spikes in inflation. It also demonstrates how and why the quantity theory, with some internally good reasons, is not part of the modern monetary policy framework. The book argues that firstly, the issue of non-operationability of the money supply is a policy problem, but not a causality problem. Secondly, while some models can work without money, and while a simple deterministic relationship between money base and aggregates may not exist, the author shows that there is still room for quantity theory to be true. Thirdly, perhaps most importantly, as the book shows, the apparent lack of a relationship between the inflation index and money supply with single-digit inflation is a statistical artifact resulting from confounding factors. To conclude, although the quantity theory of money has not been employed in recent Central bank policy, it still holds up surprisingly well in explaining real world phenomena, including the current record inflation levels.<br/><br/>The practical significance of this book is to illustrate to researchers and scholars how classical macroeconomic thinking can explain key monetary factors that lead to inflation, but also at the same time show that it is fully compatible with modern macroeconomics and is not just a thing of the past.<br/><br/>(https://www.routledge.com/Monetary-Policy-and-Inflation-Quantity-Theory-of-Money/Machaj/p/book/9781032557991?srsltid=AfmBOorv4K_uMTvJ8nEWwQaLqM3jx7O0FXPESfAhNLI1Qy_7tkiRuWss) |
| 650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM | |
| Topical term or geographic name as entry element | Monetary policy |
| 650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM | |
| Topical term or geographic name as entry element | Inflation (Finance) |
| 942 ## - ADDED ENTRY ELEMENTS (KOHA) | |
| Koha item type | Book |
| Source of classification or shelving scheme | Dewey Decimal Classification |
| Withdrawn status | Lost status | Source of classification or shelving scheme | Damaged status | Not for loan | Collection code | Bill No | Bill Date | Home library | Current library | Shelving location | Date acquired | Source of acquisition | Cost, normal purchase price | Total Checkouts | Full call number | Accession Number | Date last seen | Copy number | Cost, replacement price | Price effective from | Koha item type |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dewey Decimal Classification | Finance & Accounting | 1183602 | 24-12-2024 | Indian Institute of Management LRC | Indian Institute of Management LRC | General Stacks | 01/21/2025 | Atlantic Publishers & Distributors | 3704.26 | 332.46 MAC | 007310 | 01/21/2025 | 1 | 5698.86 | 01/21/2025 | Book |