Nonlinearities in the Demand for Money
Author: Raimundo Soto
Publisher:
Published: 1997
Total Pages: 128
ISBN-13:
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Nonlinear Time Series Analysis of Economic and Financial Data
Author: Philip Rothman
Publisher: Springer Science & Business Media
Published: 1999-01-31
Total Pages: 394
ISBN-13: 0792383796
DOWNLOAD EBOOKNonlinear Time Series Analysis of Economic and Financial Data provides an examination of the flourishing interest that has developed in this area over the past decade. The constant theme throughout this work is that standard linear time series tools leave unexamined and unexploited economically significant features in frequently used data sets. The book comprises original contributions written by specialists in the field, and offers a combination of both applied and methodological papers. It will be useful to both seasoned veterans of nonlinear time series analysis and those searching for an informative panoramic look at front-line developments in the area.
The Demand for Money
Author: Apostolos Serletis
Publisher: Springer Science & Business Media
Published: 2007-06-08
Total Pages: 384
ISBN-13: 0387717277
DOWNLOAD EBOOKThis 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.
Nonlinearity, Complexity and Randomness in Economics
Author: Stefano Zambelli
Publisher: John Wiley & Sons
Published: 2012-01-17
Total Pages: 352
ISBN-13: 1118300432
DOWNLOAD EBOOKNonlinearity, Complexity and Randomness in Economics presents a variety of papers by leading economists, scientists, and philosophers who focus on different aspects of nonlinearity, complexity and randomness, and their implications for economics. A theme of the book is that economics should be based on algorithmic, computable mathematical foundations. Features an interdisciplinary collection of papers by economists, scientists, and philosophers Presents new approaches to macroeconomic modelling, agent-based modelling, financial markets, and emergent complexity Reveals how economics today must be based on algorithmic, computable mathematical foundations
Money Matters
Author: Alan Arthur Walters
Publisher: Edward Elgar Publishing
Published: 2004-01-01
Total Pages: 386
ISBN-13: 9781781957615
DOWNLOAD EBOOKAs a tribute to the exceptional contributions of Alan Walters to monetary theory and policy, this book draws together a distinguished cast of international contributors to write about money. In a series of essays they review controversies in monetary economics and debate current policy issues. Combining theoretical analysis with policy evaluation, this book touches on a whole spectrum of issues ranging from monetary union and exchange rate regimes, to credit rationing and policy games. The book focuses on the problems of modeling the effects of monetary and fiscal policy, and setting optimal policies for the future. It concludes with two stimulating panel discussions, one questioning whether the UK should join the Euro and the other discussing the appropriate targets of monetary policy.
Recent Econometric Techniques for Macroeconomic and Financial Data
Author: Gilles Dufrénot
Publisher: Springer Nature
Published: 2020-11-21
Total Pages: 387
ISBN-13: 3030542521
DOWNLOAD EBOOKThe book provides a comprehensive overview of the latest econometric methods for studying the dynamics of macroeconomic and financial time series. It examines alternative methodological approaches and concepts, including quantile spectra and co-spectra, and explores topics such as non-linear and non-stationary behavior, stochastic volatility models, and the econometrics of commodity markets and globalization. Furthermore, it demonstrates the application of recent techniques in various fields: in the frequency domain, in the analysis of persistent dynamics, in the estimation of state space models and new classes of volatility models. The book is divided into two parts: The first part applies econometrics to the field of macroeconomics, discussing trend/cycle decomposition, growth analysis, monetary policy and international trade. The second part applies econometrics to a wide range of topics in financial economics, including price dynamics in equity, commodity and foreign exchange markets and portfolio analysis. The book is essential reading for scholars, students, and practitioners in government and financial institutions interested in applying recent econometric time series methods to financial and economic data.
The Dynamics of Keynesian Monetary Growth
Author: Carl Chiarella
Publisher: Cambridge University Press
Published: 2000-08-03
Total Pages: 318
ISBN-13: 9780521643511
DOWNLOAD EBOOKThis text shows for the first time that macrodynamics can be developed and investigated systematically.
Inflation, Nominal Interest Rates, and the Variability of Output
Author: Mr.Bankim Chadha
Publisher: International Monetary Fund
Published: 1996-10-01
Total Pages: 36
ISBN-13: 1451853165
DOWNLOAD EBOOKThis paper examines the distribution of output around capacity when money demand is a nonlinear function of the nominal interest rate such that nominal interest rates cannot become negative. When fluctuations in output result primarily from disturbances to the money market, the variance of output is shown to be an increasing function of the trend inflation rate. When they result from disturbances to the goods market, the variance of output is a decreasing function of the trend inflation rate. When both disturbances are significant, there exists, in general, a critical non-zero trend inflation rate that minimizes the variance of output.
Money 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.
Nicholas Kaldor and Mainstream Economics
Author: Edward J. Nell
Publisher: Springer
Published: 1991-06-18
Total Pages: 622
ISBN-13: 1349109479
DOWNLOAD EBOOKAn examination of the role of Nicholas Kaldor within economics. Topics covered range from Kaldor's discovery of the Von Neumann input-output model, to cyclical growth in a Kaldorian model, to Nicholas Kaldor as advocate of commodity reserve currency.
