Foreword by Cate Blanchett

With contributions by Geoffrey Rush, Baz Luhrmann, Miranda Otto and Hugo Weaving amongst others.

From the writings of Keith Bain, Michael Campbell has collated a step-by-step course for students and teachers on the principles and practice of Australia's great teacher of Movement. In simple language he lays out the secrets of self-knowledge that lie behind understanding the body and mind. 'Movement', says Bain, 'is both how we move and what moves us, Movement is the look in our eyes, the tensions and the tone in our muscles, our breathing, our thinking, our longings and fears. Movement has equal concern for the inner and outer aspects, with each clarifying the other.'

Baz Luhrmann: 'He is one of the great mentors of my creative life.'
Cate Blanchett: 'His teachings are the foundation of my technique.'

This fully revised second edition of Bain and Howells' Monetary Economics provides an up-to-date examination of monetary policy as it is practised and the theory underlying it. The authors link the conduct of monetary policy to the IS/PC/MR model and extend this further through the addition of a simple model of the banking sector. They demonstrate why monetary policy is central to the management of a modern economy, showing how it might have lasting effects on real variables, and look at how the current economic crisis has weakened the ability of policymakers to influence aggregate demand through the structure of interest rates.
The second edition: features a realistic account of the conduct of monetary policy when the money supply is endogenous provides a detailed and up-to-date account of the conduct of monetary policy and links this explicitly to a framework for teaching macroeconomics includes recent changes in money market operations and an examination of the problems posed for monetary policy by the recent financial crisis
Monetary Economics is an ideal core textbook for advanced undergraduate modules in monetary economics and monetary theory and policy.