Instructor's Manual for Money: Theory and Practice

  • Jin Cao
  • Gerhard Illing

Part of the Springer Texts in Business and Economics book series (STBE)

Table of contents

  1. Front Matter
    Pages i-ix
  2. Money and Equilibrium in the Long Run

    1. Front Matter
      Pages 1-1
    2. Jin Cao, Gerhard Illing
      Pages 3-33
    3. Jin Cao, Gerhard Illing
      Pages 35-61
  3. Monetary Policy in the Short Run

    1. Front Matter
      Pages 77-77
    2. Jin Cao, Gerhard Illing
      Pages 79-103
    3. Jin Cao, Gerhard Illing
      Pages 105-137
    4. Jin Cao, Gerhard Illing
      Pages 139-150
  4. Unconventional Monetary Policy, Financial Frictions and Crises

    1. Front Matter
      Pages 153-153
    2. Jin Cao, Gerhard Illing
      Pages 155-155
    3. Jin Cao, Gerhard Illing
      Pages 157-168
    4. Jin Cao, Gerhard Illing
      Pages 169-179
  5. Back Matter
    Pages 181-219

About this book


This instructor’s manual complements the textbook “Money: Theory and Practice," which provides an introduction to modern monetary economics for advanced undergraduates, highlighting the lessons learned from the recent financial crisis. The manual provides teachers with exercises and examples that reflect both the core New Keynesian model and recent advances, taking into account financial frictions, and discusses recent research on an intuitive level based on simple static and two-period models.


New Keynesian macroeconomics Financial stability Macroprudential regulation Money equilibrium Financial regulations Monetary economics and policies Exercises and solutions for courses on monetary economics

Authors and affiliations

  • Jin Cao
    • 1
  • Gerhard Illing
    • 2
  1. 1.Research DepartmentNorges BankOsloNorway
  2. 2.Department of EconomicsLMUMunichGermany

Bibliographic information

  • DOI
  • Copyright Information Springer Nature Switzerland AG 2019
  • Publisher Name Springer, Cham
  • eBook Packages Economics and Finance
  • Print ISBN 978-3-030-23617-5
  • Online ISBN 978-3-030-23618-2
  • Series Print ISSN 2192-4333
  • Series Online ISSN 2192-4341
  • Buy this book on publisher's site
Industry Sectors
Finance, Business & Banking