Books

MONEY, PAYMENTS, AND LIQUIDITY

Joint with Ed Nosal (FRB Chicago), MIT Press 2011

TABLE OF CONTENTS View

1. The basic environment

2. Pure credit economies

3. The role of money

4. Money in equilibrium

5. Properties of money

6. The optimum quantity of money

7. Information, monetary policy, and the inflation-output trade-off

8. Money and credit

9. Money, negotiable debt and settlement

10. Competing media of exchange

11. Liquidity, monetary policy, and asset prices

12. Liquidity and trading frictions