MARC details
| 000 -LEADER |
|---|
| fixed length control field |
07192nam a2201213 4500 |
| 003 - CONTROL NUMBER IDENTIFIER |
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| control field |
DE-B1597 |
| 005 - DATE AND TIME OF LATEST TRANSACTION |
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| control field |
20260416115150.0 |
| 008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION |
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| fixed length control field |
260303s2025 nju fo d z eng d |
| 020 ## - INTERNATIONAL STANDARD BOOK NUMBER |
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| International Standard Book Number |
9780691265322 |
| 041 0# - LANGUAGE CODE |
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| Language |
|
| 044 ## - COUNTRY OF PUBLISHING/PRODUCING ENTITY CODE |
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| MARC country code |
nju |
| ISO country code |
US-NJ |
| 072 #7 - SUBJECT CATEGORY CODE |
|---|
| Subject category code |
BUS |
| Subject category code subdivision |
069030 |
| Source |
bisacsh |
| 072 #7 - SUBJECT CATEGORY CODE |
|---|
| Subject category code |
BUS |
| Subject category code subdivision |
039000 |
| Source |
bisacsh |
| 072 #7 - SUBJECT CATEGORY CODE |
|---|
| Subject category code |
POL |
| Subject category code subdivision |
024000 |
| Source |
bisacsh |
| 072 #7 - SUBJECT CATEGORY CODE |
|---|
| Subject category code |
BUS |
| Subject category code subdivision |
027000 |
| Source |
bisacsh |
| 100 1# - MAIN ENTRY--PERSONAL NAME |
|---|
| Personal name |
Benigno, Pierpaolo, |
| 245 00 - TITLE STATEMENT |
|---|
| Title |
Monetary Economics and Policy : |
| Remainder of title |
A Foundation for Modern Currency Systems / |
| Statement of responsibility, etc |
Pierpaolo Benigno, Pierpaolo Benigno. |
| 300 ## - PHYSICAL DESCRIPTION |
|---|
| Extent |
1 online resource |
| 505 00 - FORMATTED CONTENTS NOTE |
|---|
| Title |
Frontmatter -- |
| -- |
Dedication -- |
| -- |
Contents -- |
| -- |
Preface -- |
| -- |
Part I: Currency and Money -- |
| -- |
Introduction -- |
| -- |
1. The Value of Currency -- |
| -- |
2. Cash as a Medium of Exchange -- |
| -- |
3. Central Bank Digital Currency -- |
| -- |
4. Private Money -- |
| -- |
Part II: Stabilization Policies -- |
| -- |
Introduction -- |
| -- |
5. The Benchmark New Keynesian Model -- |
| -- |
6. An AS-AD Graphical Analysis -- |
| -- |
7. Inflation Targeting as an Optimal Policy -- |
| -- |
8. NK Model with a Banking Sector -- |
| -- |
Part III. Crisis Models -- |
| -- |
Introduction -- |
| -- |
9. Liquidity Trap -- |
| -- |
10. Deleveraging and Credit Crunch -- |
| -- |
11. Shortage of "Safe Assets" -- |
| -- |
Part IV: Inflation -- |
| -- |
Introduction -- |
| -- |
12. The Inflation-Unemployment Trade-Off -- |
| -- |
13. Hyperinflation -- |
| -- |
Part V: Conclusion -- |
| -- |
14. The Future of Monetary Policy -- |
| -- |
Part VI: Appendix -- |
| -- |
Appendix to Chapter 1 -- |
| -- |
Appendix to Chapter 2 -- |
| -- |
Appendix to Chapter 3 -- |
| -- |
Appendix to Chapter 5 -- |
| -- |
Appendix to Chapter 7 -- |
| -- |
Appendix to Chapter 8 -- |
| -- |
Bibliography -- |
| -- |
Index |
| 520 ## - SUMMARY, ETC. |
|---|
| Summary, etc |
A unified framework for understanding monetary policy, including recent unprecedented interventions by central banksOver the past two decades, monetary policy has been deployed in unprecedented ways, as central banks attempted to mitigate the adverse consequences of the 2007–2008 financial crisis, the COVID-19 global lockdown, and recent inflationary surges. In Monetary Economics and Policy, Pierpaolo Benigno offers a new way to understand the potency and effectiveness of monetary policy, presenting a unified modeling framework to analyze policy challenges posed by both paper and digital currency systems. He investigates current theoretical and policy controversies, drawing connections with historical themes in monetary economics.Benigno examines how central banks control the value of their currency amid competition from cryptocurrencies and private money-like securities; discusses the desirability of inflation targeting for macroeconomic stabilization; and explores theoretical grounds for the unconventional monetary policies seen in the recent period of zero nominal interest rates, including forward guidance, quantitative and credit easing, and helicopter money. He accompanies his analysis with an innovative visual representation of the New Keynesian model and inflation-targeting policies.Benigno’s novel framework also allows the study of monetary policy normalization through quantitative tightening toward what has become the “new normal.” He discusses the optimal provision of liquidity and the different roles of the government and financial intermediaries. Finally, he recounts historical controversies regarding the inflation-unemployment trade-off to understand the 2020s inflationary surge and delves into the causes and dynamics of hyperinflations, tracing them to the subtle, ambiguous linkages between monetary and fiscal policy and weak balance-sheet conditions for the central bank. |
| 650 #7 - SUBJECT ADDED ENTRY--TOPICAL TERM |
|---|
| Topical term or geographic name as entry element |
BUSINESS & ECONOMICS / Economics / Theory. |
| 650 #7 - SUBJECT ADDED ENTRY--TOPICAL TERM |
|---|
| Topical term or geographic name as entry element |
BUSINESS & ECONOMICS / Economics / Macroeconomics. |
| 650 #7 - SUBJECT ADDED ENTRY--TOPICAL TERM |
|---|
| Topical term or geographic name as entry element |
POLITICAL SCIENCE / Public Policy / Economic Policy. |
| 650 #7 - SUBJECT ADDED ENTRY--TOPICAL TERM |
|---|
| Topical term or geographic name as entry element |
BUSINESS & ECONOMICS / Finance / General. |
| 700 1# - ADDED ENTRY--PERSONAL NAME |
|---|
| Personal name |
Benigno, Pierpaolo, |
| 856 40 - ELECTRONIC LOCATION AND ACCESS |
|---|
| Uniform Resource Identifier |
<a href="https://www.degruyterbrill.com/isbn/9780691265322">https://www.degruyterbrill.com/isbn/9780691265322</a> |
| 856 42 - ELECTRONIC LOCATION AND ACCESS |
|---|
| Uniform Resource Identifier |
<a href="https://www.degruyterbrill.com/document/cover/isbn/9780691265322/original">https://www.degruyterbrill.com/document/cover/isbn/9780691265322/original</a> |
| 942 ## - ADDED ENTRY ELEMENTS (KOHA) |
|---|
| Koha item type |
Electronic Books |
| 100 1# - MAIN ENTRY--PERSONAL NAME |
|---|
| Relator term |
author. |
| Relator code |
aut |
| -- |
http://id.loc.gov/vocabulary/relators/aut |
| 264 #1 - |
|---|
| -- |
Princeton, NJ |
| -- |
Princeton University Press, |
| -- |
[2025] |
| 264 #4 - |
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| -- |
©2025 |
| 336 ## - |
|---|
| -- |
text |
| -- |
txt |
| -- |
rdacontent |
| 337 ## - |
|---|
| -- |
computer |
| -- |
c |
| -- |
rdamedia |
| 338 ## - |
|---|
| -- |
online resource |
| -- |
cr |
| -- |
rdacarrier |
| 347 ## - |
|---|
| -- |
text file |
| -- |
PDF |
| -- |
rda |
| 506 0# - RESTRICTIONS ON ACCESS NOTE |
|---|
| Terms governing access |
restricted access |
| Uniform Resource Identifier |
<a href="http://purl.org/coar/access_right/c_16ec">http://purl.org/coar/access_right/c_16ec</a> |
| Standardized terminology for access restriction |
online access with authorization |
| Source of term |
star |
| 538 ## - SYSTEM DETAILS NOTE |
|---|
| System details note |
Mode of access: Internet via World Wide Web. |
| 545 ## - BIOGRAPHICAL OR HISTORICAL DATA |
|---|
| Biographical or historical note |
Pierpaolo Benigno holds the Chair of Monetary Macroeconomics at the Institute of Economics of the University of Bern, where he is deputy head of the Department of Economics. |
| 546 ## - LANGUAGE NOTE |
|---|
| Language note |
In English. |
| 588 0# - |
|---|
| -- |
Description based on online resource; title from PDF title page (publisher's Web site, viewed March 03 2026) |
| 650 #7 - SUBJECT ADDED ENTRY--TOPICAL TERM |
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| Source of heading or term |
bisacsh |
| 650 #7 - SUBJECT ADDED ENTRY--TOPICAL TERM |
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| Source of heading or term |
bisacsh |
| 650 #7 - SUBJECT ADDED ENTRY--TOPICAL TERM |
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| Source of heading or term |
bisacsh |
| 650 #7 - SUBJECT ADDED ENTRY--TOPICAL TERM |
|---|
| Source of heading or term |
bisacsh |
| 653 #0 - INDEX TERM--UNCONTROLLED |
|---|
| Uncontrolled term |
Monetary Economics and Policy: A Foundation for Modern Currency Systems |
| 653 #0 - INDEX TERM--UNCONTROLLED |
|---|
| Uncontrolled term |
Pierpaolo Benigno |
| 653 #0 - INDEX TERM--UNCONTROLLED |
|---|
| Uncontrolled term |
Money |
| 653 #0 - INDEX TERM--UNCONTROLLED |
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| Uncontrolled term |
Fiat Money |
| 653 #0 - INDEX TERM--UNCONTROLLED |
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| Uncontrolled term |
Gold Standard |
| 653 #0 - INDEX TERM--UNCONTROLLED |
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| Uncontrolled term |
Currency |
| 653 #0 - INDEX TERM--UNCONTROLLED |
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| Uncontrolled term |
Cryptocurrency |
| 653 #0 - INDEX TERM--UNCONTROLLED |
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| Uncontrolled term |
Bitcoin |
| 653 #0 - INDEX TERM--UNCONTROLLED |
|---|
| Uncontrolled term |
Inflation |
| 653 #0 - INDEX TERM--UNCONTROLLED |
|---|
| Uncontrolled term |
Unemployment |
| 653 #0 - INDEX TERM--UNCONTROLLED |
|---|
| Uncontrolled term |
Quantitative Easing |
| 653 #0 - INDEX TERM--UNCONTROLLED |
|---|
| Uncontrolled term |
Interest Rate |
| 653 #0 - INDEX TERM--UNCONTROLLED |
|---|
| Uncontrolled term |
Inflation Targeting |
| 653 #0 - INDEX TERM--UNCONTROLLED |
|---|
| Uncontrolled term |
Forward Guidance |
| 653 #0 - INDEX TERM--UNCONTROLLED |
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| Uncontrolled term |
Safe Assets |
| 653 #0 - INDEX TERM--UNCONTROLLED |
|---|
| Uncontrolled term |
Financial Crisis |
| 653 #0 - INDEX TERM--UNCONTROLLED |
|---|
| Uncontrolled term |
Central Bank |
| 653 #0 - INDEX TERM--UNCONTROLLED |
|---|
| Uncontrolled term |
New Keynesian |
| 653 #0 - INDEX TERM--UNCONTROLLED |
|---|
| Uncontrolled term |
Fiscal Policy |
| 653 #0 - INDEX TERM--UNCONTROLLED |
|---|
| Uncontrolled term |
Monetarism |
| 653 #0 - INDEX TERM--UNCONTROLLED |
|---|
| Uncontrolled term |
Modern Monetary Theory |
| 653 #0 - INDEX TERM--UNCONTROLLED |
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| Uncontrolled term |
Phillips Curve |
| 653 #0 - INDEX TERM--UNCONTROLLED |
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| Uncontrolled term |
Hyperinflation |
| 653 #0 - INDEX TERM--UNCONTROLLED |
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| Uncontrolled term |
Unconventional Monetary Policy |
| 653 #0 - INDEX TERM--UNCONTROLLED |
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| Uncontrolled term |
Zero-Lower Bound |
| 653 #0 - INDEX TERM--UNCONTROLLED |
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| Uncontrolled term |
Central Bank Digital Currency |
| 653 #0 - INDEX TERM--UNCONTROLLED |
|---|
| Uncontrolled term |
Helicopter Money |
| 653 #0 - INDEX TERM--UNCONTROLLED |
|---|
| Uncontrolled term |
Monetary Economics and Policy: A Foundation for Modern Currency Systems |
| 653 #0 - INDEX TERM--UNCONTROLLED |
|---|
| Uncontrolled term |
Pierpaolo Benigno |
| 653 #0 - INDEX TERM--UNCONTROLLED |
|---|
| Uncontrolled term |
Money |
| 653 #0 - INDEX TERM--UNCONTROLLED |
|---|
| Uncontrolled term |
Fiat Money |
| 653 #0 - INDEX TERM--UNCONTROLLED |
|---|
| Uncontrolled term |
Gold Standard |
| 653 #0 - INDEX TERM--UNCONTROLLED |
|---|
| Uncontrolled term |
Currency |
| 653 #0 - INDEX TERM--UNCONTROLLED |
|---|
| Uncontrolled term |
Cryptocurrency |
| 653 #0 - INDEX TERM--UNCONTROLLED |
|---|
| Uncontrolled term |
Bitcoin |
| 653 #0 - INDEX TERM--UNCONTROLLED |
|---|
| Uncontrolled term |
Inflation |
| 653 #0 - INDEX TERM--UNCONTROLLED |
|---|
| Uncontrolled term |
Unemployment |
| 653 #0 - INDEX TERM--UNCONTROLLED |
|---|
| Uncontrolled term |
Quantitative Easing |
| 653 #0 - INDEX TERM--UNCONTROLLED |
|---|
| Uncontrolled term |
Interest Rate |
| 653 #0 - INDEX TERM--UNCONTROLLED |
|---|
| Uncontrolled term |
Inflation Targeting |
| 653 #0 - INDEX TERM--UNCONTROLLED |
|---|
| Uncontrolled term |
Forward Guidance |
| 653 #0 - INDEX TERM--UNCONTROLLED |
|---|
| Uncontrolled term |
Safe Assets |
| 653 #0 - INDEX TERM--UNCONTROLLED |
|---|
| Uncontrolled term |
Financial Crisis |
| 653 #0 - INDEX TERM--UNCONTROLLED |
|---|
| Uncontrolled term |
Central Bank |
| 653 #0 - INDEX TERM--UNCONTROLLED |
|---|
| Uncontrolled term |
New Keynesian |
| 653 #0 - INDEX TERM--UNCONTROLLED |
|---|
| Uncontrolled term |
Fiscal Policy |
| 653 #0 - INDEX TERM--UNCONTROLLED |
|---|
| Uncontrolled term |
Monetarism |
| 653 #0 - INDEX TERM--UNCONTROLLED |
|---|
| Uncontrolled term |
Modern Monetary Theory |
| 653 #0 - INDEX TERM--UNCONTROLLED |
|---|
| Uncontrolled term |
Phillips Curve |
| 653 #0 - INDEX TERM--UNCONTROLLED |
|---|
| Uncontrolled term |
Hyperinflation |
| 653 #0 - INDEX TERM--UNCONTROLLED |
|---|
| Uncontrolled term |
Unconventional Monetary Policy |
| 653 #0 - INDEX TERM--UNCONTROLLED |
|---|
| Uncontrolled term |
Zero-Lower Bound |
| 653 #0 - INDEX TERM--UNCONTROLLED |
|---|
| Uncontrolled term |
Central Bank Digital Currency |
| 653 #0 - INDEX TERM--UNCONTROLLED |
|---|
| Uncontrolled term |
Helicopter Money |
| 700 1# - ADDED ENTRY--PERSONAL NAME |
|---|
| Relator term |
author. |
| Relator code |
aut |
| -- |
http://id.loc.gov/vocabulary/relators/aut |
| 773 08 - HOST ITEM ENTRY |
|---|
| Display text |
Title is part of eBook package: |
| Place, publisher, and date of publication |
De Gruyter |
| Title |
Princeton University Press Complete eBook-Package 2025 |
| International Standard Book Number |
9783110749762 |
| Other item identifier |
ZDB-23-9 |
| 856 42 - ELECTRONIC LOCATION AND ACCESS |
|---|
| Materials specified |
Cover |
| 912 ## - |
|---|
| -- |
ZDB-23-9 |
| -- |
2025 |
| 912 ## - |
|---|
| -- |
GBV-deGruyter-alles |
