The Demand for Money PDF Download. Download free ebook of The Demand for Money in PDF format or read online by Apostolos Serletis 9780792385523 Published on 2001 by Springer Science & Business Media
|The Demand for Money: Theoretical and EmpiricalApproaches| provides an account of the existing literature on thedemand for money. It shows how the money demand function fits intostatic and dynamic macroeconomic analyses and discusses the problem ofthe definition (aggregation) of money. In doing so, it shows how thesuccessful use in recent years of the simple representative consumerparadigm in monetary economics has opened the door to the succeedingintroduction into monetary economics of the entire microfoundations, aggregation theory, and micro-econometrics literatures.It also compares and contrasts the theoretical and empirical aspectsof the microeconomic- and aggregation-theoretic approach to the demandfor money to those of other paradigms, presents empirical evidenceusing state-of-the-art econometric methodology, and recognizes theexistence of unsolved problems and the need for further developments.Finally, it suggests answers to a number of problems raised overprevious studies of the demand for money. Most important is the ideathat traditional measures of money and log-linear money demandfunctions are inappropriate in the recent volatile financialenvironment.
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Book which was published by Springer Science & Business Media since 2001 have ISBNs, ISBN 13 Code is 9780792385523 and ISBN 10 Code is 0792385527
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