## Advanced Monitory Theory & PoliciesBrings Out Classical, Keynesians And Contemporary Monetary Theories, Theories Of Inflation And Monetary Policies In Earlier Plans. Alos Covers Monetary And Credit Policy Of India From 2002-03. In Question And Answer Model. Useful For Bcom, Bba, Mcom And Ma Students. |

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### Contents

The Objectives Goals of Monetary Policy | 3 |

Economy | 24 |

Tools of Monetary Policy | 28 |

The Quantity Theory of Money the Transactions Approach Fishers Equation | 39 |

The Quantity Theory of money the Cash Balance Approach Cambridge Equations | 49 |

Comparison Between Fishers and Cambridge Equations | 59 |

Liquidity Preference Theory | 65 |

Baumols lnventory Theoretic Approach | 74 |

Effects of lnflationAnti lnflation Policy | 110 |

Monetary Policy and the Problem of Lags | 122 |

Alternative Monetary Policies | 129 |

Limitations of Monetary Policy | 136 |

Monetary Policy in lndia During Planning Period | 140 |

Monetary and Credit Policy of 200203 | 153 |

PART | 157 |

Roosas Availability Doctrine | 159 |

Tobins Diversified Portfolio Approach | 79 |

The Monetary Theory of Milton Friedman | 84 |

Radcliffe Report | 93 |

GurleyShaw Thesis | 94 |

Types of lnflation | 101 |

lnflationary Gap | 105 |

Demand Pull lnflation | 162 |

Cost Push lnflation | 163 |

Stagflation | 165 |

Philips Curve | 166 |

### Common terms and phrases

aggregate demand assets bank rate bonds Cambridge equations Cambridge version cash balance approach cash balance theory cash reserves central bank commercial banks commodities consumers consumption cost credit control credit money credit policy curve demand for money economic growth effective equation of exchange exchange rates exchange stabilization expenditure factors federal reserve Fisher Fisher's equation Fisherian five year plan fluctuations Friedman full employment function government securities important income increase inflationary gap influence interest rates investment liquidity preference ln fact ln other words lnflation loanable funds loans lt means monetary authority money policy money supply objective of monetary open market operations output percent period point of full policy of price portfolio price stabilization production purchasing power quantity of money quantity theory rate of interest reduced rise sector speculative demand speculative motive stock of money store of value supply of money theory of money type of inflation value of money