Measuring the Money Aggregates
Author: United States. Congress. House. Committee on Banking, Finance, and Urban Affairs. Subcommittee on Domestic Monetary Policy
Publisher:
Published: 1980
Total Pages: 356
ISBN-13:
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Monetary Aggregation
Author: Huw Pill
Publisher: International Monetary Fund
Published: 1994-10-01
Total Pages: 22
ISBN-13: 1451940750
DOWNLOAD EBOOKThe IMF Working Papers series is designed to make IMF staff research available to a wide audience. Almost 300 Working Papers are released each year, covering a wide range of theoretical and analytical topics, including balance of payments, monetary and fiscal issues, global liquidity, and national and international economic developments.
The Theory of Monetary Aggregation
Author: W.A. Barnett
Publisher: Elsevier Science Limited
Published: 2000-06-30
Total Pages: 712
ISBN-13: 9780444501196
DOWNLOAD EBOOKWilliam Barnett, the coeditor of this volume, introduced modern economic index number theory into monetary economics and this book comprises a focussed and unified collection of his most important publications in this area. It provides a clear and systematic development of the state-of-the-art in monetary and financial aggregation theory.
Financial Aggregation And Index Number Theory
Author: William A Barnett
Publisher: World Scientific
Published: 2011-02-11
Total Pages: 278
ISBN-13: 9814465941
DOWNLOAD EBOOKThe book surveys modern literature on financial aggregation and index number theory, with special emphasis on the contributions of the book's two coauthors. In addition to an introduction and a systematic survey chapter unifying the rest of the book, this publication contains reprints of six published articles central to the survey chapter. Financial Aggregation and Index Number Theory provides a reference work for financial data researchers and users of central bank data, placing emphasis on possible improvements in such data from use of the microeconomic index number and aggregation theory.
Money is what Money Does
Author: Paul A. Spindt
Publisher:
Published: 1983
Total Pages: 72
ISBN-13:
DOWNLOAD EBOOKMoney And The Economy
Author: Apostolos Serletis
Publisher: World Scientific
Published: 2006-08-08
Total Pages: 352
ISBN-13: 9814477907
DOWNLOAD EBOOKThis book provides a comprehensive and systematic introduction to the problem of the definition of money and investigates the gains that can be achieved by a rigorous use of microeconomic- and aggregation-theoretic foundations in the construction of monetary aggregates. It provides readers with key aspects of monetary economics and macroeconomics, including monetary aggregation, demand systems, flexible functional forms, long-run monetary neutrality, the welfare cost of inflation, and nonlinear chaotic dynamics.This book offers the following conclusions: the simple-sum approach to monetary aggregation and log-linear money demand functions, currently used by central banks, are inappropriate for monetary policy purposes; the choice of monetary aggregation procedure is crucial in evaluating the welfare cost of inflation; the inter-related problems of monetary aggregation and money demand will be successfully investigated in the context of flexible functional forms that satisfy theoretical regularity globally, pointing the way forward to useful and productive research.
A Note on M0 and Broad Monetary Aggregates ; The Transaction Services of Monetary Assets and Monetary Aggregation
Author: Wensheng Peng
Publisher:
Published: 1992
Total Pages: 32
ISBN-13:
DOWNLOAD EBOOKThe Implications of Cross-Border Monetary Aggregation
Author: Mr.Timothy D. Lane
Publisher: International Monetary Fund
Published: 1992-09-01
Total Pages: 22
ISBN-13: 1451959788
DOWNLOAD EBOOKSome recent studies suggest the possibility of estimating a stable aggregate demand-for-money relationship for the group of countries participating in the European Monetary System. These results are of particular relevance in connection with the task of setting policy targets for a European Central Bank. This paper uses a theoretical error-invariables framework to identify what is gained and what may be lost through cross-border aggregation of money demand. It provides an analytical basis for such studies, paying particular attention to currency substitution and international portfolio diversification.
Monetary Aggregation
Author: Huw R. Pill
Publisher:
Published: 2006
Total Pages: 22
ISBN-13:
DOWNLOAD EBOOKMonetary assets have different characteristics which make them more or less useful in facilitating transactions. Academic economists have consistently argued that these differences should be incorporated in monetary aggregates by assigning assets different weights. However, central banks continue to use conventional aggregates with equal weights for all assets. For a transactions model of money, which the academic view implicitly embodies, weighted aggregates, although imperfect, are certainly superior. However, once this structural model is abandoned in favor of alternatives where monetary assets play a different role, central banks` continued use of simple sum measures of money may be justified.
Financial Aggregation and Index Number Theory
Author: William A. Barnett
Publisher: World Scientific
Published: 2011
Total Pages: 278
ISBN-13: 9814293091
DOWNLOAD EBOOKThe book surveys modern literature on financial aggregation and index number theory, with special emphasis on the contributions of the book's two coauthors. In addition to an introduction and a systematic survey chapter unifying the rest of the book, this publication contains reprints of six published articles central to the survey chapter. Financial Aggregation and Index Number Theory provides a reference work for financial data researchers and users of central bank data, placing emphasis on possible improvements in such data from use of the microeconomic index number and aggregation theory.
