Monetary Policy and Public Finance

Inhaltsverzeichnis (Table of Contents)

• Chapter One: MONEY
  • 1.0. Introduction
  • 1.1. Functions of Money
  • 1.2. Defects of barter economy
  • 1.3. Qualities of good money
  • 1.4. Advantages of Monetary economy
  • 1.5. Historical evolution of money
  • 1.6. The effects of Macroeconomic Policies on IS-LM curves
• Chapter Two: THE THEORY OF DEMAND FOR MONEY
  • 2.0. The quantity theory of money
  • 2.1. Restatement of the Quantity theory of money
  • 2.2. Keynesian theory of demand for money
  • 2.3. The Baumol Tobin Model of Demand for Money
• Chapter Three: Money Supply
  • 3.0. Definition of money supply
  • 3.1. Determinants of Money Supply
  • 3.2. Commercial Banks and the Credit Creation process
• Chapter Four: MONEY AND INFLATION
  • 4.0. Definition
  • 4.1. Causes of Inflation in Uganda
  • 4.2. Policies to curb Inflation in Uganda
• Chapter Five: CENTRAL BANKING AND MONETARY POLICY
  • 5.0. Introduction
  • 5.1. Functions of the Central Bank
  • 5.2. Monetary Policy
• Chapter Six: INTERNATIONAL FINANCIAL INSTITUTIONS
  • 6.0. Introduction
  • 6.1. International Monetary Fund (IMF)
  • 6.2. Grievances of the third World
  • 6.3. Suggestions of the World
  • 6.4. The IMF Sphere of influence
  • 6.5. The World Bank
  • 6.6. Capital flows in LDCs
  • 6.7. Determinants of capital flows in LDCs
  • 6.8. Public debt
  • 6.9. Debt Relief
• Chapter Seven: PUBLIC REVENUE
  • 7.1. Taxation
  • 7.2. Characteristics of a good tax system
  • 7.3. Direct taxes
  • 7.4. Indirect taxes
  • 7.5. Tax Incidence
  • 7.6. Tax Buoyancy and Tax elasticity
  • 7.7. Public Finance Management
• Chapter Eight: MARKET FAILURE AND PUBLIC GOODS
  • 8.0. Introduction
  • 8.1. Monopoly
  • 8.2. Public goods
  • 8.3. Costly Information
  • 8.4. Non-Existence of the Market
  • 8.5. Externalities
  • 8.6. Possible Remedies to Externality
• Chapter Nine: DETERMINANTS OF REVENUE
  • 9.1. Statistical Determinants
  • 9.2. Institutional (Social determinants)
  • 9.3. Tax Policy Determinants
• Chapter Ten: GOVERNMENT BUDGET
  • 10.0. Introduction
  • 10.1. Types of budgets
  • 10.2. The role of a budget
  • 10.3. Financing a deficit budget

Zielsetzung und Themenschwerpunkte (Objectives and Key Themes)

This work explores the fundamental concepts of monetary policy and public finance, focusing on their applications in Uganda. The author aims to analyze the role of money and the central bank in influencing the economy, as well as examining the dynamics of public revenue and expenditure. Key themes covered in the text include:

• The functions, advantages, and historical evolution of money
• Theories of demand for money and the determinants of money supply
• Inflation, its causes, and policies to control it in Uganda
• The functions of central banking and the implementation of monetary policy
• International financial institutions, public revenue, and government budgeting

Zusammenfassung der Kapitel (Chapter Summaries)

• Chapter One: This chapter introduces the concept of money, outlining its functions, the drawbacks of barter systems, and the qualities of good money. It discusses the advantages of monetary economies and traces the historical evolution of money. The chapter also examines the impact of macroeconomic policies on the IS-LM curves.
• Chapter Two: This chapter dives into the theory of demand for money, exploring the quantity theory of money and its restatement. It also covers the Keynesian theory of demand for money and the Baumol Tobin model.
• Chapter Three: This chapter focuses on the concept of money supply, defining it and outlining its determinants. It also examines the role of commercial banks in the credit creation process.
• Chapter Four: This chapter explores the relationship between money and inflation. It defines inflation and examines its causes in Uganda. The chapter also discusses policies implemented to curb inflation in Uganda.
• Chapter Five: This chapter discusses central banking and monetary policy. It introduces the functions of the central bank and explores different aspects of monetary policy.
• Chapter Six: This chapter delves into the world of international financial institutions, exploring the roles of the IMF and the World Bank. It also examines capital flows in LDCs, their determinants, and the issue of public debt and debt relief.
• Chapter Seven: This chapter focuses on public revenue, specifically addressing the concept of taxation. It examines the characteristics of a good tax system, categorizes taxes into direct and indirect, and explores tax incidence, buoyancy, and elasticity. The chapter also touches upon public finance management.
• Chapter Eight: This chapter examines the concept of market failure and the role of public goods. It discusses various aspects of market failure, including monopoly, the existence of public goods, costly information, the non-existence of markets, and externalities. The chapter also explores possible remedies for externalities.
• Chapter Nine: This chapter focuses on the determinants of revenue, examining statistical, institutional (social), and tax policy factors that influence revenue generation.
• Chapter Ten: This chapter explores government budgeting. It introduces different types of budgets, discusses the role of a budget, and examines the financing of deficit budgets.

Schlüsselwörter (Keywords)

This work centers around the core concepts of monetary policy and public finance, examining their application in the context of Uganda. Key terms and concepts explored include: money, barter economy, monetary economy, IS-LM curves, demand for money, money supply, inflation, central banking, monetary policy, international financial institutions (IMF, World Bank), capital flows, public debt, public revenue, taxation, market failure, public goods, government budget, and deficit financing.