Research Catalog

Title

The demand for money : theoretical and empirical approaches / Aspostolos Serletis.

Author

Serletis, Apostolos.

Publication

New York : Springer, 2007.

Items in the Library & Off-site

Holdings

Details

Description

xxiv, 381 pages : illustrations; 24 cm

Summary

"This book provides an account of the existing literature on the demand for money. It shows how the money demand function fits into static and dynamic macroeconomic analyses and discusses the problem of the definition (aggregation) of money. Professor Serletis takes a microeconomic- and aggregation-theoretic approach to the demand for money, presents empirical evidence using recent state-of-the-art econometric methodology, and recognizes the existence of unsolved problems and the need for further developments."--BOOK JACKET.

Subject

• Demand for money
• Monetary policy

Bibliography (note)

• Includes bibliographical references (p. [341]-365) and indexes.

Contents

Pt. 1. Static monetary macroeconomics -- 1. Classical macroeconomic theory -- 2. Keynesian macroeconomic theory -- Pt. 2. Dynamic monetary macroeconomics -- 3. Models with rational expectations -- 4. Neoclassical growth theory -- 5. Monetary growth theory -- 6. The welfare cost of inflation -- Pt. 3. Theoretical approaches to the demand for money -- 7. The classics, Keynes, and Friedman -- 8. Transactions theories of money demand -- 9. Portfolio theories of money demand -- Pt. 4. Empirical approaches to the demand for money -- 10. Conventional demand for money functions -- 11. Modeling trends in the variables of the money demand function -- 12. Cointegration and the aggregate demand for money function -- 13. Balanced growth, the demand for money, and monetary aggregation -- 14. Cross-country evidence on the demand for money -- Pt. 5. Microfoundations and monetary aggregation -- 15. The microeconomic foundations of the definition of money -- 16. The new monetary aggregates -- 17. Nominal stylized facts -- Pt. 6. Microfoundations and the demand for money -- 18. The nonparametric approach to demand analysis -- 19. The parametric approach to the demand for monetary assets -- 20. Locally flexible functional forms and demand systems -- 21. Globally flexible functional forms and demand systems -- Pt. 7. Microeconometrics and the demand for money -- 22. The econometrics of demand systems -- 23. Applied monetary demand analysis -- 24. Future research agenda.

ISBN

• 9780387717265
• 0387717269

LCCN

2007924968

OCLC

• ocn164837977
• 164837977
• SCSB-5932085

Owning Institutions

Columbia University Libraries