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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.…mehr

Produktbeschreibung
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.
  • Produktdetails
  • Verlag: Springer, Berlin
  • 2. Aufl.
  • Seitenzahl: 408
  • Erscheinungstermin: 4. November 2010
  • Englisch
  • Abmessung: 235mm x 155mm x 21mm
  • Gewicht: 615g
  • ISBN-13: 9781441944061
  • ISBN-10: 1441944060
  • Artikelnr.: 32110201
Autorenporträt
Apostolos Serletis is University Professor and Professor of Economics and Finance at the University of Calgary. Since receiving his Ph.D. from McMaster University in 1984, he has held visiting appointments at the University of Texas at Austin, the Athens University of Economics and Business, and the Research Department of the Federal Reserve Bank of St. Louis.
Inhaltsangabe
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.