Money and the Economy 在线电子书 pdf 下载 txt下载 epub 下载 mobi 下载 2024

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Serletis, Apostolos 作者

World Scientific Pub Co Inc

译者

出版日期

330 页数

$ 82.49 价格

HRD

丛书系列

9789812568182 图书编码

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发表于2024-11-28

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Money and the Economy 在线电子书 epub 下载 mobi 下载 pdf 下载 txt 下载 2024

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Money and the Economy 在线电子书图书描述

This 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.

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