The Macrocompass – Monetary Mechanics Course Download

Free Download The Macrocompass – Monetary Mechanics Course with High-Speed Links

Alf’s Monetary Mechanics Course

Alf’s Monetary Mechanics Course unpacks the entire monetary system in easy-to-follow, step-by-step lessons so that you can truly understand how money works!

Lesson 1: "Liquidity", The First Tier of Money

"Liquidity" is a term you’ve probably heard thousands of times. In this lesson, we analyze Central Bank balance sheets, define liquidity, who prints it, how it works, and its impact on markets and the economy!

Lesson 2: "Real-Economy Money", The Second Tier of Money

Money printing generates inflation, right? But who prints the inflationary, real-economy money? Lesson 2 will walk you through the process of real-economy money printing: who prints it, how, and what the macro consequences and market impacts are of different forms of inflationary money printing.

Lesson 3: "Monetary Plumbing"

You may have heard terms like Reverse Repo, Treasury General Account, Bank Term Funding Program but never fully understood them. This lesson dives deep into all monetary plumbing operations so you’ll never be confused when hearing these terms again.

Course Recap

A quick recap of the most important concepts you’ve learned in the TMC – Monetary Mechanics Course.

Free Download Monetary Policy Implementation: Exploring the ‘New Normal’ in Central Banking by Angelo Baglioni
English | March 22, 2024 | ISBN: 3031538846 | 279 pages | MOBI | 6.71 Mb
This book addresses the implementation of monetary policy (MP) and focuses on the operations used by the central banks to implement their policies: the so-called operational framework of MP. The operational framework has become of paramount importance in the last fifteen years, due to the profound transformations taking place in this period. The financial crisis, started in August 2007, has rapidly changed the way in which MP is implemented around the world. Further, innovations have been introduced to address other crises in the following years: a new set of "unconventional" instruments have been adopted, like the large-scale purchases of private and government securities and the long-term refinancing operations. The balance sheets of central banks have increased by huge amounts. The recent surge of inflation has induced several central banks to exit those exceptional policies. However, instead of going back to the traditional "interest rate steering" approach, they are going towards a "new normal" that combines some features of that approach with others inherited from the "quantitative easing" experience. The book therefore addresses the following questions: Which are the common stylized patterns of the unconventional MP across the different countries? Did the economic profession work out a theoretical framework within which to place the unconventional MP? Which are the issues related to the exit strategy from unconventional MP? Which are the main features of the operational framework under the "new normal" approach? This book answers these questions by looking at the experiences of the European Central Bank, the Federal Reserve System alongside other central banks, and providing some original modelling and empirical evidence, which will be of interest to academics, researchers in banking and finance, policy makers, and practitioners in the financial industry.

Free Download Monetary Anarchy: The Separation of Money and State
by Alexander Johann Eser
English | 2023 | ASIN: B0C1J2GRQ7 | 101 Pages | ePUB | 0.94 MB

Free Download The Pressures on American Monetary Policy By Thomas Havrilesky (auth.)
1995 | 381 Pages | ISBN: 9401042853 | PDF | 13 MB
The basic motivation for this book is my lifelong interest in the relationship between political processes and macroeconomic outcomes, especially in the area of monetary policy. Nowadays, monetary policy is an area where political considerations are believed by scholars to regularly impact upon economic results. In contrast, when my interest in this subject began thirty years ago, the scholarly literature on monetary policy hardly ever mentioned systematic political influences. My dissertation at the University of Illinois in 1966 and my first article (in the Joumal of Political Economy in 1967) addressed the modeling and estimation of the concerns that propel monetary policy. In the political and economic turbulence of the period from the late 1960s through the early 1980s, it became clear that the directions taken by monetary policy were changing with some frequency. My research during that period dealt with models of monetary policy. In attempting to measure these changes, it suggested that monetary policy reactions to the state of the economy were not stable over time. During this period I became interested in reforms which might reduce the resulting instability in the economy. For example, my 1972 article in the Joumal of Political Economy suggested systematic penalties Federal Reserve officials who failed to meet the goal of monetary stability by tying their budgets or salaries inversely to the rate of inflation.

Free Download Debates in Monetary Macroeconomics: Tackling Some Unsettled Questions by Steven Pressman, John Smithin
English | December 2, 2022 | ISBN: 3031112393 | 257 pages | MOBI | 0.62 Mb
This edited volume presents the key unresolved debates in monetary macroeconomics, covering the five topics of budget, trade, taxes, exchange rates and monetary policy. For each topic, there are two authors ― one arguing for a certain policy and one against. The book takes an approach eschewing mathematics or econometrics, instead presenting arguments in the spirit of political economy – while incorporating the most recent thinking in macroeconomics. This approach, combined with the objective of encouraging debate, makes the book ideal reading for students of monetary macroeconomics, researchers seeking alternative views, and the general public.

Free Download TOWARDS MONETARY POLICY AUTONOMY IN CFA FRANC ZONE: Lessons from the European Union (EU), the South African Common Monetary Area (CMA), and Estonia for … Risk Management, and Compliance (GRC)) by Uwem Essia
English | August 25, 2024 | ISBN: N/A | ASIN: B0DF9K83R4 | 64 pages | EPUB | 0.33 Mb
"Towards Monetary Policy Autonomy in the CFA Franc Zone" critically examines the potential pathways for reforming the CFA franc arrangement, a currency system several African countries use. This comprehensive study explores three possible scenarios: a unilateral exit by a single member state, forming a new common currency area, and comprehensive reform within the existing CFA framework. Drawing lessons from the European Monetary Union, the South African Common Monetary Area, and Estonia’s successful reforms, the report advocates for a strategic approach that promotes economic self-sufficiency and integration. Supported by the Nkafu Policy Institute and funded by the Templeton World Charity Foundation, this report provides actionable policy recommendations to enhance economic sovereignty and resilience in Francophone Africa, offering a bold vision for a reformed, sustainable economic future. Ideal for policymakers, economists, and scholars, this work is a critical resource for understanding the dynamics and potential of the CFA franc zone.

Free Download Monetary Policy Normalization: One Hundred Years After Keynes’ Tract on Monetary Reform (Contributions to Economics) by Paolo Savona, Rainer Stefano Masera
English | August 19, 2023 | ISBN: 3031387074 | 216 pages | MOBI | 2.67 Mb
In light of the pickup of inflation at the end of 2021 and monetary policy shifts by the world’s major central banks, this book examines interrelated issues in the normalization of monetary policy. It covers topics including the role of technological innovations such as derivatives and cryptocurrencies in monetary and financial management, the role of monetary policy in financial crises (especially public debt), and the major repricing needed for central banks and the global economy. In addition, the book discusses the problem of how flexible money should be and the importance of predictive tools for these decisions, with attention to the advances of languages for scientific research, including those on the workings of the economy. The work addresses the geopolitical and social challenges that have arisen as a result of the invasiveness of monetary policy in its various manifestations in the context of major leading currencies. It is aimed at scholars and students of monetary and financial economics.

Free Download MONETARY POLICIES AND CENTRAL BANKING: Overview of the Book Series "Monetary Policy and Central Banking" by Uwem Essia
English | February 19, 2024 | ISBN: N/A | ASIN: B0CVZVV644 | 41 pages | EPUB | 1.86 Mb
"Monetary Policies and Central Banking" is an essential series that delves into the evolving role of central banks in shaping global economies. Through comprehensive analyses, the series explores the impact of monetary policies on financial stability, economic growth, and digital transformation. From the historical evolution of central banking to contemporary challenges like digital currencies and environmental sustainability, each book provides valuable insights into the complexities of modern financial systems. This series is a must-read for academics, policymakers, and anyone interested in understanding the intricate dynamics between central banking and the ever-changing global economic landscape.

Free Download Inflation and Unemployment in a Monetary Union By Professor Dr. Michael Carlberg (auth.)
2008 | 243 Pages | ISBN: 3540793003 | PDF | 3 MB
This book studies the coexistence of inflation and unemployment in a monetary union. The focus is on how to reduce the associated loss. The primary target of the European central bank is low inflation in Europe. The primary target of the German government is low unemployment in Germany. And the primary target of the French government is low unemployment in France. The European central bank has a quadratic loss function. The same applies to the German government and the French government. The key questions are: To what extent can the sequential process of monetary and fiscal decisions reduce the loss caused by inflation and unemployment? Is monetary and fiscal cooperation superior to the sequential process of monetary and fiscal decisions?

Free Download Money Capital: New Monetary Principles for a More Prosperous Society by Patrick Bolton, Haizhou Huang
English | May 21st, 2024 | ISBN: 0691232229 | 312 pages | True PDF | 7.09 MB
A novel perspective on monetary and fiscal policy that views money as the equity capital of a nation