LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034

RF 09

M.A. DEGREE EXAMINATION – ECONOMICS

THIRD SEMESTER – APRIL 2007

EC 3808 – MONETARY ECONOMICS

 

 

Date & Time: 02/05/2007 / 9:00 – 12:00      Dept. No.                                       Max. : 100 Marks

 

 

 

 

Part  – A

 

Answer any FIVE questions in about 75 words each.                   (5 x 4 = 20 marks)

1. Do you agree to the view of Radcliffe committee that monetary policy should be subordinated to fiscal policy for an effective control of the liquidity of money?
2. Differentiate Bank rate from Variable Reserve Rate as an instrument of monetary policy.
3. Distinguish between Neutrality and non-neutrality of money.
4. What do you understand by Real balance effect?
5. Differentiate monetarism from Keynesianism.
6. How does Friedman interpret output effect in transmission mechanism.
7. Distinguish between Mark-up inflation open and oppressed inflation.

 

Part – B

 

Answer any FOUR questions in about 300 words each.               (4 x 10 = 40 marks)

8. What is meant by the supply of money? Examine the various components of the money supply in India.
9. Bring out the superiority of Baumol’s inventory approach over Keynesian approach.
10. Compare and contrast Gurley and Shaw thesis with Radcliffe-Sayers thesis.
11. Critically evaluate Friedman’s reformulated theory of money.
12. Do you think that the monetary techniques are effective to control and monitor the flow of money and credit into the economy? Why?
13. Describe the lags of monetary policy.
14. Outline the similarities between monetarists and Fiscalists.

 

Part – C

 

Answer any TWO questions in about 900 words each.                 (2 x 20 = 40 marks)

15. Discuss different theories of inflation.
16. Critically analyse the Keynes’ reformulated quantity theory of money.
17. What is inflation? How does the Philips curve explain the trade off between unemployment and inflation? Discuss its policy implications.
18. Describe the role of monetary policy in a developing economy. Is monetary policy effective in curbing inflation? Why?

 

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LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034

M.A. DEGREE EXAMINATION – ECONOMICS

THIRD SEMESTER – NOVEMBER 2012

EC 3808 – MONETARY ECONOMICS

 

 

 

Date : 01/11/2012            Dept. No.                                        Max. : 100 Marks

Time : 9:00 – 12:00

Part-A

Answer any five questions:                                                                                              (5 x 4 = 20 marks)

1. Briefly explain the different types of lags in monetary policy.
2. Explain the concept of liquidity.
3. Explain the concept of neutrality and non-neutrality of money.
4. State briefly any two goals of monetary policy.
5. What is liquidity trap?
6. Explain the transactions demand for money.
7. Explain demand-pull inflation.

Part-B

Answer any four questions:                                                                                           (4 x 10 = 40 marks)

8. Explain the types of time lag in monetary policy.
9. Write a note on Patinkin’s real balance effect.
10. Explain Gurley and Shaw’s views on liquidity.
11. Describe briefly Friedman’s restatement theory of money.
12. Distinguish between the Keynesian’s and the Monetarist’s views on money.
13. State the measures to control inflation.
14. Write a note on the non-neutrality of money in the Keynesian and the post Keynesian theories.

 

Part-C

Answer any two questions:                                                                                             (2 x 20 = 40 marks)

15. Give a detailed account of neutrality of money and the conditions for the neutrality of money in the classical and in the Keynesian system.
16. Explain the Keynesian and the monetary transmission mechanism of money.
17. Explain the different theories of inflation.
18. Critically explain the types and nature of lags in monetary policy.

 

 

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