01427nam a22001337a 4500008004100000020001500041050001700056100002300073245005100096260004800147300003100195500002000226505104700246120612t        xxu||||| |||| 00| 0 eng d  a0314069232  aHG230.3.M356  aMarquis, Milton H.  aMonetary theory and policy. /cMarquis Milton.  aNew York :bWest Publishing Company,c1996.  ax, 389 p. :bill. ;c24cm.  aIncludes index.  aContents: Fundamentals of monetary theory : Currency in an island economy -- The Monies of a modern economy -- The Demand for money -- Stock and bond valuation and the structure of interest rates -- Fundamentals of monetary and financial institutions: financial intermediation -- Financial institutions -- The Money supply process -- Institutions of monetary control: historical role of the federal reserve in the United States -- Equilibrium analysis : Full employment and monetary policy neutrality -- Economic fluctuations and monetary accomodation -- Stabilization policy when firms set prices in advance -- Stabilization policy in the presence of long-term nominal wage contracts -- Descriptive dynamics and inflation: A Critique of stabilization policy -- Monetary rules -- Inflation and seigniorage: what is optimal? -- The Mechanics of policy and policy-making : Optimal targeting and the response of financial markets -- Desk operations and the repo market for treasuries -- Time inconsistency and the credibility of monetary policy.