The Demand for Money

Theoretical and Empirical Approaches

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Paperback, 382 blz. | Engels
Springer US | 2e druk, 2010
ISBN13: 9781441944061
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Springer US 2e druk, 2010 9781441944061
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Samenvatting

This is the most comprehensive textbook available on the money demand function and its role in modern macroeconomics. The book takes a microeconomic- and aggregation-theoretic approach to the topic and presents empirical evidence using state-of-the-art econometric methodology, while recognizing the existence of unsolved problems and the need for further developments. The new edition is fully revised and includes new chapters.

Specificaties

ISBN13:9781441944061
Taal:Engels
Bindwijze:paperback
Aantal pagina's:382
Uitgever:Springer US
Druk:2
Hoofdrubriek:Economie

Inhoudsopgave

Preface.- Foreword.- Introduction.- Classical Macroeconomc Theory.- Keynesian Macroeconomic Theory.- Dynamic Optimization Methods in Discrete Time.- Neoclassical Growth Theory.- Monetary Growth Theory.- The Demand for Money and the Welfare Cost of Inflation.- The Classics, Keynes, and Friedman.- Transactions Theories of Money Demand.- Portfolio Theories of Money Demand.- Conventional Money Demand Functions.- Modeling Trends.- Cointegration and the Demand for Money.- Balanced Growth and the Demand for Money.- Cross Country Evidence.- Microeconomic Foundations.- The New Monetary Aggregates.- Nominal Stylized Facts.- The Nonparametric Approach to Demand Analysis.- The Parametric Approach to Demand Analysis.- Locally Flexible Functional Forms and Demand Systems.- Globally flexible Functional Forms and Demand Systems.- The Econometrics of Demand Systems.- Applied Monetary Demand Analysis.- Future Research Agenda.- References.- Author Index.- Topic Index.

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        The Demand for Money