Geldtheorie und Geldpolitik

Oliver Holtemöller explains the role of money and interest and theoretical foundations of monetary policy in developed economies. In particular, the following issues are addressed: functions of money and interest; financial system and asset prices; empirical and theoretical relationships between money, interest rates, output and inflation; goals, strategies and institutional organization of monetary policy; international aspects of monetary policy. A special focus is put on the link between theoretical models and observed economic developments in selected economies.

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