Learn Monetary Economics with M.L. Jhingan's Book: Download PDF Now
Monetary Economics by L Jhingan PDF Download
If you are looking for a comprehensive and accessible introduction to monetary economics, you might want to check out Monetary Economics by M.L. Jhingan. This book discusses systematically and critically the classical, Keynesian, and modern monetary theories along with banking principles and policies. In this article, we will give you an overview of what monetary economics is, why it is important, what are the main topics covered in the book, how to download it in PDF format, what are the benefits of reading it in PDF format, and what are some other resources on monetary economics that you can explore.
Monetary Economics By L Jhingan Pdf Download
What is Monetary Economics?
Monetary economics is a branch of economics that studies how money affects the economy. It deals with questions such as:
What is money and how is it created?
How does money influence prices, output, employment, and interest rates?
How do central banks conduct monetary policy?
How do financial markets and institutions affect monetary transmission?
How do monetary regimes and exchange rates affect international trade and finance?
Monetary economics combines both theoretical and empirical analysis to understand how money works in different economic settings. It also evaluates the effectiveness and implications of different monetary policies and institutions.
Why is Monetary Economics Important?
Monetary economics is important because money plays a crucial role in any modern economy. Money serves as a medium of exchange, a unit of account, a store of value, and a standard of deferred payment. Money facilitates trade, reduces transaction costs, enables specialization, allows intertemporal choices, and provides liquidity. Money also affects macroeconomic variables such as inflation, output, employment, interest rates, exchange rates, and balance of payments.
Understanding monetary economics can help us make better decisions as consumers, producers, investors, savers, borrowers, lenders, policymakers, and citizens. It can help us evaluate how different monetary policies affect our welfare and how we can cope with various monetary shocks. It can also help us appreciate how different monetary systems operate and how they evolve over time.
What are the Main Topics Covered in the Book?
The book Monetary Economics by M.L. Jhingan covers a wide range of topics on monetary economics. It is divided into four parts:
Classical Monetary Theory
This part covers the classical approach to monetary economics, which assumes that money is neutral and that the economy is always at full employment. It discusses the quantity theory of money, the Fisher equation, the Cambridge equation, the classical theory of interest, and the classical theory of inflation.
Keynesian Monetary Theory
This part covers the Keynesian approach to monetary economics, which assumes that money is non-neutral and that the economy can be below full employment. It discusses the Keynesian theory of income and employment, the liquidity preference theory of interest, the IS-LM model, the Keynesian theory of inflation, and the Keynesian theory of policy.
Modern Monetary Theory
This part covers the modern approach to monetary economics, which incorporates microfoundations, rational expectations, and new classical and new Keynesian models. It discusses the monetarist theory of income and prices, the rational expectations hypothesis, the Lucas critique, the new classical macroeconomics, the new Keynesian macroeconomics, and the modern theory of policy.
Banking Principles and Policies
This part covers the role and functions of banks and central banks in monetary economics. It discusses the nature and types of banks, the creation and control of money supply, the instruments and objectives of monetary policy, the transmission mechanism of monetary policy, the monetary policy rules and strategies, and the international monetary system.
How to Download the Book in PDF Format?
If you want to download the book Monetary Economics by M.L. Jhingan in PDF format, you can follow these steps:
Go to this link, which will take you to the Google Books page of the book.
Click on the "Preview this book" button, which will open a preview of some pages of the book.
Click on the "Download" button at the top right corner of the page, which will open a pop-up window with different options.
Select "PDF" as the format and click on "Download".
Save the file to your device or cloud storage.
Note that this method will only allow you to download a partial preview of the book, not the full version. If you want to access or purchase the full version of the book, you can check out this link, which will take you to the Goodreads page of the book where you can find different online retailers that sell or rent it.
What are the Benefits of Reading the Book in PDF Format?
Reading the book Monetary Economics by M.L. Jhingan in PDF format has some benefits compared to other formats such as hardcover, paperback, or e-book. Some of these benefits are:
You can access it anytime and anywhere as long as you have a device that can read PDF files.
You can save space and money as you don't need to buy or store a physical copy of the book.
You can zoom in or out, adjust brightness, change fonts, highlight text, add notes, or search keywords as you read.
You can print out specific pages or sections that you need for reference or study purposes.
You can share it with others easily via email or cloud storage.
However, reading the book in PDF format also has some drawbacks compared to other formats such as hardcover, paperback, or e-book. Some of these drawbacks are:
You may experience eye strain or fatigue if you read for long periods on a screen.
You may need a reliable internet connection or sufficient storage space to download or access the file.
You may encounter compatibility issues if your device or software does not support PDF files.
You may not be able to enjoy some features such as interactive graphics or audiovisual elements that may be available in other formats.
You may not be able to resell or lend it to others as easily as a physical copy.
Therefore, you should weigh the pros and cons of reading the book in PDF format before deciding whether it suits your needs and preferences.
What are Some Other Resources on Monetary Economics?
If you want to learn more about monetary economics beyond reading Monetary Economics by M.L. Jhingan, you can check out some other resources that are available online. Here are some of the other resources on monetary economics that you can check out:
Teaching New Tools of Monetary Policy: This webpage from the St. Louis Fed provides educators with articles and guided reading activities on how the Fed implements monetary policy in an ample-reserves framework.
Understanding the Role of Monetary Policy in the Economy: This blog post from the St. Louis Fed explains how monetary policy influences inflation, output, employment, interest rates, and exchange rates.
Monetary Economics: This program from the National Bureau of Economic Research conducts and disseminates research on various topics related to monetary economics.
In conclusion, monetary economics is a fascinating and important subject that can help us understand how money affects the economy and how central banks conduct monetary policy. If you want to learn more about monetary economics, you can read Monetary Economics by M.L. Jhingan, a comprehensive and accessible book that covers the classical, Keynesian, and modern monetary theories along with banking principles and policies. You can download the book in PDF format by following the steps we outlined above, or you can access or purchase it in other formats from different online retailers. You can also check out some other resources on monetary economics that we listed above, or you can search for more online.
We hope you enjoyed this article and found it useful. If you have any questions or feedback, please let us know in the comments section below. Thank you for reading!
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