Demand For Money

Author : Apostolos Serletis
Publisher : Springer Science & Business Media
ISBN 13 : 1475733208
Total Pages : 305 pages
Book Rating : 4.04/5 ( download)

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Download or read book The Demand for Money written by Apostolos Serletis and published by Springer Science & Business Media. This book was released on 2013-11-21 with total page 305 pages. Available in PDF, EPUB and Kindle. Book excerpt: Almost half a century has elapsed since the demand for money began to attract widespread attention from economists and econometricians, and it has been a topic of ongoing controversy and research ever since. Interest in the topic stemmed from three principal sources. First of all, there was the matter of the internal dynamics of macroeco nomics, to which Harry Johnson drew attention in his 1971 Ely Lecture on "The Keynesian Revolution and the Monetarist Counter-Revolution," American Economic Review 61 (May 1971). The main lesson about money that had been drawn from the so-called "Keynesian Revolution" was - rightly or wrongly - that it didn't matter all that much. The inherited wisdom that undergraduates absorbed in the 1950s was that macroeconomics was above all about the determination of income and employment, that the critical factors here were saving and investment decisions, and that monetary factors, to the extent that they mattered at all, only had an influence on these all important variables through a rather narrow range of market interest rates. Conventional wisdom never goes unchallenged in economics, except where its creators manage to control access to graduate schools and the journals, and it is with no cynical intent that I confirm Johnson's suggestion that those of us who embarked on academic careers in the '60s found in this wisdom a ready-made target.

Author : William Johnson Frazer
Publisher :
ISBN 13 :
Total Pages : 392 pages
Book Rating : 4.38/5 ( download)

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Download or read book The Demand for Money written by William Johnson Frazer and published by . This book was released on 1967 with total page 392 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : Milton 1912- Friedman
Publisher : Hassell Street Press
ISBN 13 : 9781013894848
Total Pages : 40 pages
Book Rating : 4.47/5 ( download)

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Download or read book The Demand for Money written by Milton 1912- Friedman and published by Hassell Street Press. This book was released on 2021-09-09 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: This work has been selected by scholars as being culturally important and is part of the knowledge base of civilization as we know it. This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. To ensure a quality reading experience, this work has been proofread and republished using a format that seamlessly blends the original graphical elements with text in an easy-to-read typeface. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.

Author : Neil Thompson
Publisher : Springer
ISBN 13 : 1349228273
Total Pages : 223 pages
Book Rating : 4.70/5 ( download)

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Download or read book Portfolio Theory and the Demand for Money written by Neil Thompson and published by Springer. This book was released on 2016-07-27 with total page 223 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book is an in-depth review of the theory and empirics of the demand for money and other financial assets. The different theoretical approaches to the portfolio choice problem are described, together with an up-to-date survey of the results obtained from empirical studies of asset choice behaviour. Both single-equation studies and the more complete multi-asset portfolio models, are analysed.

Author : David E. W. Laidler
Publisher : Fire Engineering Books & Videos
ISBN 13 :
Total Pages : 196 pages
Book Rating : 4.99/5 ( download)

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Download or read book The Demand for Money written by David E. W. Laidler and published by Fire Engineering Books & Videos. This book was released on 1977 with total page 196 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : Mr.Subramanian S. Sriram
Publisher : International Monetary Fund
ISBN 13 : 1451848544
Total Pages : 78 pages
Book Rating : 4.40/5 ( download)

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Download or read book Survey of Literature on Demand for Money written by Mr.Subramanian S. Sriram and published by International Monetary Fund. This book was released on 1999-05-01 with total page 78 pages. Available in PDF, EPUB and Kindle. Book excerpt: A stable money demand forms the cornerstone in formulating and conducting monetary policy. Consequently, numerous theoretical and empirical studies have been conducted in both industrial and developing countries to evaluate the determinants and the stability of the money demand function. This paper briefly reviews the theoretical work, tracing the contributions of several researchers beginning from the classical economists, and explains relevant empirical issues in modeling and estimating money demand functions. Notably, it summarizes the salient features of a number of recent studies that applied cointegration/error-correction models in the 1990s, and it features a bibliography to aid in research on demand for money.

Author : John Maynard Keynes
Publisher : Springer
ISBN 13 : 3319703447
Total Pages : 404 pages
Book Rating : 4.42/5 ( download)

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Download or read book The General Theory of Employment, Interest, and Money written by John Maynard Keynes and published by Springer. This book was released on 2018-07-20 with total page 404 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book was originally published by Macmillan in 1936. It was voted the top Academic Book that Shaped Modern Britain by Academic Book Week (UK) in 2017, and in 2011 was placed on Time Magazine's top 100 non-fiction books written in English since 1923. Reissued with a fresh Introduction by the Nobel-prize winner Paul Krugman and a new Afterword by Keynes’ biographer Robert Skidelsky, this important work is made available to a new generation. The General Theory of Employment, Interest and Money transformed economics and changed the face of modern macroeconomics. Keynes’ argument is based on the idea that the level of employment is not determined by the price of labour, but by the spending of money. It gave way to an entirely new approach where employment, inflation and the market economy are concerned. Highly provocative at its time of publication, this book and Keynes’ theories continue to remain the subject of much support and praise, criticism and debate. Economists at any stage in their career will enjoy revisiting this treatise and observing the relevance of Keynes’ work in today’s contemporary climate.

Author : John T. Boorman
Publisher : Harlan Davidson
ISBN 13 :
Total Pages : 540 pages
Book Rating : 4.80/5 ( download)

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Download or read book Money Supply, Money Demand, and Macroeconomic Models written by John T. Boorman and published by Harlan Davidson. This book was released on 1972 with total page 540 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : David E. W. Laidler
Publisher : Addison Wesley
ISBN 13 : 9780065010985
Total Pages : 0 pages
Book Rating : 4.81/5 ( download)

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Download or read book The Demand for Money written by David E. W. Laidler and published by Addison Wesley. This book was released on 1993 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Demand for Money documents the residual effects of monetarism, which now form a part of the economic mainstream. David Laidler conducts an eye-opening investigation of the importance of the demand for money, particularly in light of interest rates and income levels. He has also honed his treatment of the fixed-price IS-LM model, presenting it as a prelude to developing the demand side of an aggregate demand and supply framework, and expanded the discussions of data and econometrics. This text encourages students to question the debt of our knowledge about the monetary sector, encouraging further excursions in search of first-hand experience.

Author : Lars Jonung
Publisher : Routledge
ISBN 13 : 135152299X
Total Pages : 192 pages
Book Rating : 4.91/5 ( download)

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Download or read book Demand for Money written by Lars Jonung and published by Routledge. This book was released on 2018-02-06 with total page 192 pages. Available in PDF, EPUB and Kindle. Book excerpt: The income velocity of money-an inverse measure of the demand for money balances-is the ratio of the money value of income to the average money stock that the public (excluding banks) holds in a given period. Why the magnitude of that ratio has changed over time is the subject of Michael D. Bordo and Lars Jonung's classic study, originally published as The Long-Run Behavior of the Velocity of Circulation. Supported by statistical data, econometric estimation techniques, and meticulous historical analysis, this work describes, in an international setting, how slow-moving economic, social, and political forces interact with the decisions households and firms make about how much money to hold. Annual time series of velocity for several countries from the late nineteenth century to the late twentieth century display a U-shaped pattern. Existing theories can explain each section of the velocity curve-the falling, flat, and rising parts-but the overall pattern is not consistent with any one theory. Here the authors put forth a comprehensive explanation for this behavior over time. Their theory is largely an extension of the approach of Knut Wicksell, the Swedish economist who stressed the role of substitution between monetary assets. This approach, which emphasizes institutional variables, is incorporated into the arguments for the traditional long-run money demand (velocity) function. Four types of empirical evidence strongly support the authors' theory: econometric studies of the long-run velocity function for several countries; a cross section study of approximately eighty countries in the postwar period; a case study of the Swedish monetization process in the fifty years before World War I; and an examination of the time series properties of velocity. Demand for Money suggests that institutional factors, as opposed to real income, play a greater role in velocity than previously thought. And these institutional factors have a major impact on monetary policy. This is a book that will prove of great value to economists, monetary strategists, and policymakers.