Overview
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
Access this book
Tax calculation will be finalised at checkout
Other ways to access
Table of contents (24 chapters)
-
Static Monetary Macroeconomics
-
Dynamic Monetary Macroeconomics
-
Theoretical Approaches to the Demand for Money
-
Empirical Approaches to the Demand for Money
Keywords
About this book
Authors and Affiliations
About the author
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.
Professor Serletis’ teaching and research focus on monetary and financial economics, macroeconometrics, and nonlinear and complex dynamics. He is the author of eight books, including The Theory of Monetary Aggregation, co-edited with William A. Barnett (Elsevier 2000), Financial Markets and Institutions: First Canadian Edition, with Frederic S. Mishkin and Stanley G. Eakins (Addison Wesley 2004), Money and the Economy (World Scientific 2006), The Economics of Money, Banking, and Financial Markets: Third Canadian Edition, with Frederic S. Mishkin (Addison Wesley 2007), Functional Structure Inference, co-edited with William A. Barnett (Elsevier 2007), and Quantitative and Empirical Analysis of Energy Markets (World Scientific 2007).
In addition, he has published close to 150 articles in such journals as the Journal of Economic Literature, the Journal of Monetary Economics, the Journal of Money, Credit and Banking, the Journal of Econometrics, the Canadian Journal of Economics, the Journal of Economic Dynamics and Control, the Journal of Business and Economic Statistics, the Journal of Banking and Finance, the Journal of Applied Econometrics, and Macroeconomic Dynamics.
Professor Serletis is an Associate Editor of Macroeconomic Dynamics and a member of the editorial board at two academic journals, the Journal of Economic Asymmetries and the Journal of Economic Studies. He lives in Calgary, with his wife Aglaia.
Bibliographic Information
Book Title: The Demand for Money
Book Subtitle: Theoretical and Empirical Approaches
Authors: Apostolos Serletis
DOI: https://doi.org/10.1007/978-0-387-71727-2
Publisher: Springer New York, NY
eBook Packages: Business and Economics, Economics and Finance (R0)
Copyright Information: Springer-Verlag US 2007
Hardcover ISBN: 978-0-387-71726-5Published: 27 June 2007
Softcover ISBN: 978-1-4419-4406-1Published: 04 November 2010
eBook ISBN: 978-0-387-71727-2Published: 08 June 2007
Edition Number: 2
Number of Pages: XXIV, 382
Topics: Macroeconomics/Monetary Economics//Financial Economics, Economic Policy, Economic Theory/Quantitative Economics/Mathematical Methods, Business and Management, general