Author: Edward K. OffenbacherPublisher:
ISBN:
Category : Money
Languages : en
Pages : 23
Book Description
Two Papers on Money Demand
Author: Edward K. OffenbacherPublisher:
ISBN:
Category : Money
Languages : en
Pages : 23
Book Description
The Demand for Money
Author: Alan Arthur WaltersSurvey of Literature on Demand for Money
Author: Mr.Subramanian S. SriramPublisher: International Monetary Fund
ISBN: 1451848544
Category : Business & Economics
Languages : en
Pages : 78
Book Description
A stable money demand forms the cornerstone in formulating and conducting monetary policy. Consequently, numerous theoretical and empirical studies have been conducted in both industrial and developing countries to evaluate the determinants and the stability of the money demand function. This paper briefly reviews the theoretical work, tracing the contributions of several researchers beginning from the classical economists, and explains relevant empirical issues in modeling and estimating money demand functions. Notably, it summarizes the salient features of a number of recent studies that applied cointegration/error-correction models in the 1990s, and it features a bibliography to aid in research on demand for money.
Two Essays in Financial and Monetary Economics
Author: Sherman J. HoPublisher:
ISBN:
Category : Demand for money
Languages : en
Pages : 296
Book Description
Two papers on the demand for money
Author: Alan Arthur WaltersThe Demand for Money
Author: Apostolos SerletisPublisher: Springer Science & Business Media
ISBN: 0387717277
Category : Business & Economics
Languages : en
Pages : 384
Book Description
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.
Money
Author: Publisher:
ISBN:
Category : Demand for money
Languages : en
Pages :
Book Description
This paper, prepared for the New Palgrave, attempts to summarize current mainstream views concerning the theory of money demand. A model is sketched in which a representative household is depicted as seeking to maximize utility over an infinite planting horizon, with each period's consumption and leisure appearing as arguments of the utility function. The household chooses to hold non-interest-bearing money, even in the presence of assets with positive pecuniary yields, because it facilitates transactions and thereby reduces the amount of time and/or energy required in the process of "shopping', i.e., acquiring goods to be consumed. Two distinct types of implied money-demand functions are derived: a "proper" demand function with arguments exogenous to the household and a portfolio balance relationship that is more similar in specification to the type of equation that normally appears in the money-demand literature. One section of the paper briefly reviews the historical evolution of ideas pertaining to money-demand theory, and suggests that major contributors have included Marshall, Hicks, and Sidrawki. A final section considers ongoing controversies concerning the role of uncertainty, the use of overlapping-generation and cash-in-advance approaches, and the interpretation of empirical results apparently suggestive of extremely slow portfolio adjustments.
Survey of Literatureon Demand for Money
Author: Mr. Subramanian S. SriramPublisher: International Monetary Fund
ISBN: 145189516X
Category : Business & Economics
Languages : en
Pages : 79
Book Description
A stable money demand forms the cornerstone in formulating and conducting monetary policy. Consequently, numerous theoretical and empirical studies have been conducted in both industrial and developing countries to evaluate the determinants and the stability of the money demand function. This paper briefly reviews the theoretical work, tracing the contributions of several researchers beginning from the classical economists, and explains relevant empirical issues in modeling and estimating money demand functions. Notably, it summarizes the salient features of a number of recent studies that applied cointegration/error-correction models in the 1990s, and it features a bibliography to aid in research on demand for money.
The Monetary Approach to the Balance of Payments
Author: Jacob FrenkelPublisher: Routledge
ISBN: 1135043493
Category : Business & Economics
Languages : en
Pages : 389
Book Description
This book collects together the basic documents of an approach to the theory and policy of the balance of payments developed in the 1970s. The approach marked a return to the historical traditions of international monetary theory after some thirty years of departure from them – a departure occasioned by the international collapse of the 1930s, the Keynesian Revolution and a long period of war and post-war reconstruction in which the international monetary system was fragmented by exchange controls, currency inconvertibility and controls over international trade and capital movements.
Author: P. D. Jonson