Modeling -- Foundation -- A model economy -- What is money? -- Money and the level of economic well-being -- Money in a classical economy -- Money in a Keynesian economy -- Should monetary policy be active? -- Is monetary policy active? -- Measuring monetary services -- Organizing the production...

"An up-to-date analysis of monetary policy, with a particular focus on the United Kingdom. The book considers questions about how it actually works in practice, and what it should do. It also considers many of the contributions made by economists, both theoretical and empirical, which shed light...