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Handbook of Monetary Economics - 1st Edition - ISBN: 9780444880253

Handbook of Monetary Economics

1st Edition

Editors: Benjamin Friedman F.H. Hahn
Hardcover ISBN: 9780444880253
Imprint: North Holland
Published Date: 13th November 1990
Page Count: 766
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Due to the fundamental two-way interaction between the theoretical and the empirical aspects of monetary economics, together with the relationship of both to matters of public policy, any organization of material comprehensively spanning the subject is bound to be arbitrary. The 23 surveys commissioned for this Handbook have been arranged in a way that the editors feel reflects some of the most important logical divisions within the field and together they present a comprehensive account of the current state of the art. The Handbook is an indispensable reference work which should be part of every professional collection, and which makes ideal supplementary reading for graduate economics students on advanced courses.

For more information on the Handbooks in Economics series, please see our home page on

Table of Contents

Introduction (B.M. Friedman, F.H. Hahn). Money in the Walrasian Economy. The transactions role of money (J.M. Ostroy, R.M. Starr). Liquidity (F.H. Hahn). Money in general equilibrium theory (D. Duffie). Money in Non-Walrasian Settings. Non-Walrasian equilibrium, money and macroeconomics (J.-P. Benassy). The game theoretic approach to the theory of money and financial institutions (M. Shubik). Money in Dynamic Systems. Money, inflation and growth (A. Orphanides, R. Solow). Overlapping generations models with money and transactions costs (W.A. Brock). Money Demand and Money Supply. The demand for money (S. Goldfeld, D.E. Sichel). Money supply (K. Brunner, A.H. Meltzer). The supply of money and the control of nominal income (L. Papademos, F. Modigliani). Pricing Non-Money Assets. Capital market theory and the pricing of financial securities (R.C. Merton). Specification and estimation of intertemporal asset pricing models (K.J. Singleton). The term structure of interest rates (R.J. Shiller, J.H. McCulloch).


No. of pages:
© North Holland 1990
13th November 1990
North Holland
Hardcover ISBN:

About the Editors

Benjamin Friedman

Affiliations and Expertise

Harvard University, Cambridge, MA, USA

F.H. Hahn

Affiliations and Expertise

University of Cambridge, Cambridge, UK


@qu:In the emerging tradition of the Handbooks in Economics, these two volumes offer a formidable array of contributions to the field which they indispensable starting-point for graduate students and research workers who need a detailed guide to the state of monetary economics in the late 1980s.

@source:The Economic Journal
@qu:....the two volumes would be regarded as invaluable additions to the literature.
@source:Economic of Planning many ways the most important publication to date in this branch of our subject.......On some topics it is easily the best writing available, combining a careful exposition of central ideas, with firm and persuasive judgements about what is correct and important.

@source:Journal of Economic Surveys
@qu:Even at the hardcover price, the two volumes we now have represent very good value for money.

@source:The Economic Record

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