LEADER 05020nam 22006134a 450 001 9910451350303321 005 20200520144314.0 010 $a1-281-92480-6 010 $a9786611924805 010 $a981-277-350-9 035 $a(CKB)1000000000414859 035 $a(DLC)2006045700 035 $a(StDuBDS)AH24684442 035 $a(SSID)ssj0000205124 035 $a(PQKBManifestationID)11184782 035 $a(PQKBTitleCode)TC0000205124 035 $a(PQKBWorkID)10191438 035 $a(PQKB)10142397 035 $a(MiAaPQ)EBC1681641 035 $a(WSP)00006118 035 $a(Au-PeEL)EBL1681641 035 $a(CaPaEBR)ebr10201395 035 $a(CaONFJC)MIL192480 035 $a(OCoLC)879025522 035 $a(EXLCZ)991000000000414859 100 $a20060417d2006 uy 0 101 0 $aeng 135 $aur||||||||||| 181 $ctxt 182 $cc 183 $acr 200 10$aMoney and the economy$b[electronic resource] /$fApostolos Serletis 210 $aHackensack, NJ $cWorld Scientific Pub.$d2006 215 $a1 online resource (xix, 330 p. ) $cill 300 $aBibliographic Level Mode of Issuance: Monograph 311 $a981-256-818-2 320 $aIncludes bibliographical references (p. 299-320) and indexes. 327 $apt. 1. The theory of monetary aggregation. 1. Consumer theory and the demand for money. 1.1. Introduction. 1.2. The definition of money. 1.3. The microeconomic theory of a monetary economy. 1.4. Econometric considerations. 1.5. Empirical dimensions. 1.6. Extensions. 1.7. Conclusions -- pt. 2. Money, prices and income. 2. Nominal stylized facts of U.S. business cycles. 2.1. Introduction. 2.2. Methodology. 2.3. Hodrick-Prescott stylized facts. 2.4. Robustness. 2.5. Conclusion. 3. Money, prices, and income. 3.1. Introduction. 3.2. The money-measurement theme. 3.3. Granger-Sims causality tests. 3.4. Statistical issues. 3.5. Money, prices, and income. 3.6. Conclusion. 4. Monetary aggregation and the neutrality of money. 4.1. Introduction. 4.2. The many kinds of money. 4.3. Univariate time-series properties. 4.4. Long-run neutrality and superneutrality. 4.5. Stability analysis. 4.6. Conclusion -- pt. 3. Aggregation, inflation and welfare. 5. Monetary aggregation, inflation, and welfare. 5.1. Introduction. 5.2. Theoretical foundations. 5.3. The demand for money. 5.4. The empirical evidence. 5.5. Conclusion -- pt. 4. Chaotic monetary dynamics. 6. Random walks, breaking trend functions, and chaos. 6.1. Searching for a unit root. 6.2. Detecting chaotic dynamics. 6.3. Conclusion. 7. Chaotic analysis of U.S. money and velocity measures. 7.1. Introduction. 7.2. The many kinds of money. 7.3. Chaos tests. 7.4. Conclusion -- pt. 5. Monetary asset demand systems. 8. Monetary asset substitutability. 8.1. Introduction. 8.2. Theoretical foundations. 8.3. Demand system specification. 8.4. Stochastic specification and estimation. 8.5. Elasticities. 8.6. Data. 8.7. Empirical results interpretation. 8.8. Conclusion. 9. The demand for Divisia Ml, M2, and M3. 9.1. Introduction. 9.2. Model specification. 9.3. Demand system specification and data. 9.4. Econometric results. 9.5. Summary and concluding remarks. 9.6. Appendix. 10. Translog flexible functional forms. 10.1. Introduction. 10.2. The theoretical background. 10.3. Demand system specification and data. 10.4. Econometric results. 10.5. Conclusion -- pt. 6. Dynamic asset demand systems. 11. A dynamic flexible demand system. 11.1. Introduction. 11.2. Theoretical foundations. 11.3. Dynamic demand system specification. 11.4. Econometric results. 11.5. Conclusion. 12. Consumption goods and liquid assets. 12.1. Introduction. 12.2. Aggregation and subutility functions. 12.3. Supernumerary quantities. 12.4. Demand system specification. 12.5. Estimation and testing. 12.6. Empirical results. 12.7. Conclusion -- pt. 7. Empirical comparisons. 13. Empirical comparisons of functional forms. 13.1. Introduction. 13.2. The demand systems approach. 13.3. Eight flexible functional forms. 13.4. The U.S. consumption data. 13.5. Econometric results. 13.6. Morishima elasticities of substitution. 13.7. Forecast results. 13.8. Conclusions. 14. A semi-nonparametric approach. 14.1. Introduction. 14.2. The demand for monetary services. 14.3. The data. 14.4. The Fourier and AIM models. 14.5. Computational considerations. 14.6. Imposing curvature restrictions. 14.7. Income and price elasticities. 14.8. Elasticities of substitution. 14.9. On confidence intervals. 14.10. Conclusions -- Consolidated references. 606 $aDemand for money 606 $aMoney supply 606 $aMonetary policy 608 $aElectronic books. 615 0$aDemand for money. 615 0$aMoney supply. 615 0$aMonetary policy. 676 $a332.4 700 $aSerletis$b Apostolos$0857963 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910451350303321 996 $aMoney and the economy$92112889 997 $aUNINA