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Theoretical and Empirical ApproachesApostolos Serletis978-0-387-71727-22007 Edition 2- Increased coverage of theoretical and empirical approaches to the demand for money, including a new chapter on cross-country evidence
- A new chapter on money demand issues and estimation of the welfare cost of inflation using tools from public finance and applied microeconomics
- A new chapter on rational expectations macroeconomics and issues such as the Lucas critique, rules versus discretion in monetary policymaking, and time inconsistency
- Increased coverage of the univariate and multivariate properties of the money demand variables, nonlinear chaotic dynamics, and self-organized criticality
- Revised coverage of monetary asset demand systems based on locally flexible functional forms such as the translog, generalized Leontief, almost ideal demand system, Minflex Laurent, and the Normalized Quadratic reciprocal indirect utility function
- Revised coverage of monetary asset demand systems based on globally flexible functional forms such as the Fourier and the Asymptotically Ideal Model
- Increased coverage of the econometrics of demand systems highlighting the challenge inherent with achieving both economic and econometric regularity
- A chapter with suggestions for potentially productive future research
- Includes supplementary material: sn.pub/extras
€280 €25210% OFF