A Course in Monetary Economics [[electronic resource] ] : Sequential Trade, Money, and Uncertainty |
Autore | Eden Benjamin |
Edizione | [1st ed.] |
Pubbl/distr/stampa | Hoboken, : Wiley, 2008 |
Descrizione fisica | 1 online resource (424 p.) |
Disciplina |
332.4
332.4/6 332.40151 332.46 |
Soggetto topico |
Monetary policy
Money - Mathematical models Money Uncertainty - Mathematical models |
Soggetto genere / forma | Electronic books. |
Formato | Materiale a stampa |
Livello bibliografico | Monografia |
Lingua di pubblicazione | eng |
Nota di contenuto |
A COURSE IN MONETARY ECONOMICS; Contents; Preface; Part I: Introduction to Monetary Economics; 1 Overview; 1.1 Money, Inflation, and Output: Some Empirical Evidence; 1.2 The Policy Debate; 1.3 Modeling Issues; 1.4 Background Material; 1.4.1 The Fisherian diagram; 1.4.2 Efficiency and distortive taxes; 1.4.3 Asset pricing; 2 Money in the Utility Function; 2.1 Motivating the Money in the Utility Function Approach: The Single-period, Single-agent Problem; 2.2 The Multi-period, Single-agent Problem; 2.3 Equilibrium with Constant Money Supply
2.4 The Social and Private Cost for Accumulating Real Balances 2.5 Administrative Ways of Getting to the Optimum; 2.6 Once and for All Changes in M; 2.7 Change in the Rate of Money Supply Change: Technical Aspects; 2.8 Change in the Rate of Money Supply Change: Economics; 2.9 Steady-state Equilibrium (SSE); 2.10 Transition from One Steady State to Another; 2.11 Regime Changes; 2.12 Introducing Physical Capital and Bonds; 2.13 The Golden Rule and the Modified Golden Rule; Appendix 2A A dynamic programming example; 3 The Welfare Cost of Inflation in a Growing Economy 3.1 Steady-state Equilibrium in a Growing Economy 3.2 Generalizing the Model in Chapter 2 to the Case of Growth; 3.3 Money Substitutes; Appendix 3A A dynamic programming formulation; 4 Government; 4.1 The Revenues from Printing Money; 4.1.1 Steady-state revenues; 4.1.2 Out of the steady-state revenues; 4.1.3 The present value of revenues; Appendix 4A Non-steady-state equilibrium; 4.2 The Government's "Budget Constraint"; 4.2.1 Monetary and fiscal policy: Who moves first?; 4.2.2 The fiscal approach to the price level 4.3 Policy in the Absence of Perfect Commitment: A Positive Theory of Inflation5 More Explicit Models of Money; 5.1 A Cash-in-advance Model; 5.1.1 A two-goods model; 5.1.2 An analogous real economy; 5.1.3 Money super-neutrality in a one-good model; 5.2 An Overlapping Generations Model; 5.3 A Baumol-Tobin Type Model; Appendix 5A; 6 Optimal Fiscal and Monetary Policy; 6.1 The Second-best Allocation; 6.2 The Second Best and the Friedman Rule; 6.3 Smoothing Tax Distortions; 6.4 A Shopping Time Model; 7 Money and the Business Cycle: Does Money Matter? 7.1 VAR and Impulse Response Functions: An Example7.2 Using VAR Impulse Response Analysis to Assess the Money-Output Relationship; 7.3 Specification Search; 7.4 Variance Decomposition; 8 Sticky Prices in a Demand-satisfying Model; 9 Sticky Prices with Optimal Quantity Choices; 9.1 The Production to Order Case; 9.2 The Production to Market Case; 10 Flexible Prices; 10.1 Lucas' Confusion Hypothesis; 10.2 Limited Participation; Part II: An Introduction to the Economics of Uncertainty; 11 Preliminaries; 11.1 Trade in Contingent Commodities; 11.2 Effficient Risk Allocation 12 Does Insurance Require Risk Aversion? |
Record Nr. | UNINA-9910462132603321 |
Eden Benjamin | ||
Hoboken, : Wiley, 2008 | ||
Materiale a stampa | ||
Lo trovi qui: Univ. Federico II | ||
|
A Course in Monetary Economics [[electronic resource] ] : Sequential Trade, Money, and Uncertainty |
Autore | Eden Benjamin |
Edizione | [1st ed.] |
Pubbl/distr/stampa | Hoboken, : Wiley, 2008 |
Descrizione fisica | 1 online resource (424 p.) |
Disciplina |
332.4
332.4/6 332.40151 332.46 |
Soggetto topico |
Monetary policy
Money - Mathematical models Money Uncertainty - Mathematical models |
Formato | Materiale a stampa |
Livello bibliografico | Monografia |
Lingua di pubblicazione | eng |
Nota di contenuto |
A COURSE IN MONETARY ECONOMICS; Contents; Preface; Part I: Introduction to Monetary Economics; 1 Overview; 1.1 Money, Inflation, and Output: Some Empirical Evidence; 1.2 The Policy Debate; 1.3 Modeling Issues; 1.4 Background Material; 1.4.1 The Fisherian diagram; 1.4.2 Efficiency and distortive taxes; 1.4.3 Asset pricing; 2 Money in the Utility Function; 2.1 Motivating the Money in the Utility Function Approach: The Single-period, Single-agent Problem; 2.2 The Multi-period, Single-agent Problem; 2.3 Equilibrium with Constant Money Supply
2.4 The Social and Private Cost for Accumulating Real Balances 2.5 Administrative Ways of Getting to the Optimum; 2.6 Once and for All Changes in M; 2.7 Change in the Rate of Money Supply Change: Technical Aspects; 2.8 Change in the Rate of Money Supply Change: Economics; 2.9 Steady-state Equilibrium (SSE); 2.10 Transition from One Steady State to Another; 2.11 Regime Changes; 2.12 Introducing Physical Capital and Bonds; 2.13 The Golden Rule and the Modified Golden Rule; Appendix 2A A dynamic programming example; 3 The Welfare Cost of Inflation in a Growing Economy 3.1 Steady-state Equilibrium in a Growing Economy 3.2 Generalizing the Model in Chapter 2 to the Case of Growth; 3.3 Money Substitutes; Appendix 3A A dynamic programming formulation; 4 Government; 4.1 The Revenues from Printing Money; 4.1.1 Steady-state revenues; 4.1.2 Out of the steady-state revenues; 4.1.3 The present value of revenues; Appendix 4A Non-steady-state equilibrium; 4.2 The Government's "Budget Constraint"; 4.2.1 Monetary and fiscal policy: Who moves first?; 4.2.2 The fiscal approach to the price level 4.3 Policy in the Absence of Perfect Commitment: A Positive Theory of Inflation5 More Explicit Models of Money; 5.1 A Cash-in-advance Model; 5.1.1 A two-goods model; 5.1.2 An analogous real economy; 5.1.3 Money super-neutrality in a one-good model; 5.2 An Overlapping Generations Model; 5.3 A Baumol-Tobin Type Model; Appendix 5A; 6 Optimal Fiscal and Monetary Policy; 6.1 The Second-best Allocation; 6.2 The Second Best and the Friedman Rule; 6.3 Smoothing Tax Distortions; 6.4 A Shopping Time Model; 7 Money and the Business Cycle: Does Money Matter? 7.1 VAR and Impulse Response Functions: An Example7.2 Using VAR Impulse Response Analysis to Assess the Money-Output Relationship; 7.3 Specification Search; 7.4 Variance Decomposition; 8 Sticky Prices in a Demand-satisfying Model; 9 Sticky Prices with Optimal Quantity Choices; 9.1 The Production to Order Case; 9.2 The Production to Market Case; 10 Flexible Prices; 10.1 Lucas' Confusion Hypothesis; 10.2 Limited Participation; Part II: An Introduction to the Economics of Uncertainty; 11 Preliminaries; 11.1 Trade in Contingent Commodities; 11.2 Effficient Risk Allocation 12 Does Insurance Require Risk Aversion? |
Record Nr. | UNINA-9910790171303321 |
Eden Benjamin | ||
Hoboken, : Wiley, 2008 | ||
Materiale a stampa | ||
Lo trovi qui: Univ. Federico II | ||
|
A Course in Monetary Economics [[electronic resource] ] : Sequential Trade, Money, and Uncertainity |
Autore | Eden Benjamin |
Pubbl/distr/stampa | Chichester, : John Wiley & Sons, Ltd., 2007 |
Descrizione fisica | 1 online resource (424 p.) |
Disciplina | 332.40151 |
Soggetto topico |
Money
Business Money - Mathematical models Uncertainty - Mathematical models Finance Business & Economics |
ISBN |
1-281-32252-0
9786611322526 0-470-70164-1 0-470-75348-X 0-470-75200-9 |
Formato | Materiale a stampa |
Livello bibliografico | Monografia |
Lingua di pubblicazione | eng |
Nota di contenuto |
A COURSE IN MONETARY ECONOMICS; Contents; Preface; Part I: Introduction to Monetary Economics; 1 Overview; 2 Money in the Utility Function; 3 TheWelfare Cost of Infiation in a Growing Economy; 4 Government; 5 More Explicit Models of Money; 6 Optimal Fiscal and Monetary Policy; 7 Money and the Business Cycle: Does Money Matter?; 8 Sticky Prices in a Demand-satisfying Model; 9 Sticky Prices with Optimal Quantity Choices; 10 Flexible Prices; Part II: An Introduction to the Economics of Uncertainty; 11 Preliminaries; 12 Does Insurance Require Risk Aversion?
13 Asset Prices and the Lucas "Tree Model"Part III: An Introduction to Uncertain and Sequential Trade (UST); 14 Real Models; 15 A Monetary Model; 16 Limited Participation, Sticky Prices, and UST: A Comparison; 17 Inventories and the Business Cycle; 18 Money and Credit in the Business Cycle; 19 Evidence from Micro Data; 20 The Friedman Rule in a UST Model; 21 Sequential International Trade; 22 Endogenous Information and Externalities; 23 Search and Contracts; Re |
Record Nr. | UNINA-9910145424603321 |
Eden Benjamin | ||
Chichester, : John Wiley & Sons, Ltd., 2007 | ||
Materiale a stampa | ||
Lo trovi qui: Univ. Federico II | ||
|
A Course in Monetary Economics [[electronic resource] ] : Sequential Trade, Money, and Uncertainity |
Autore | Eden Benjamin |
Pubbl/distr/stampa | Chichester, : John Wiley & Sons, Ltd., 2007 |
Descrizione fisica | 1 online resource (424 p.) |
Disciplina | 332.40151 |
Soggetto topico |
Money
Business Money - Mathematical models Uncertainty - Mathematical models Finance Business & Economics |
ISBN |
1-281-32252-0
9786611322526 0-470-70164-1 0-470-75348-X 0-470-75200-9 |
Formato | Materiale a stampa |
Livello bibliografico | Monografia |
Lingua di pubblicazione | eng |
Nota di contenuto |
A COURSE IN MONETARY ECONOMICS; Contents; Preface; Part I: Introduction to Monetary Economics; 1 Overview; 2 Money in the Utility Function; 3 TheWelfare Cost of Infiation in a Growing Economy; 4 Government; 5 More Explicit Models of Money; 6 Optimal Fiscal and Monetary Policy; 7 Money and the Business Cycle: Does Money Matter?; 8 Sticky Prices in a Demand-satisfying Model; 9 Sticky Prices with Optimal Quantity Choices; 10 Flexible Prices; Part II: An Introduction to the Economics of Uncertainty; 11 Preliminaries; 12 Does Insurance Require Risk Aversion?
13 Asset Prices and the Lucas "Tree Model"Part III: An Introduction to Uncertain and Sequential Trade (UST); 14 Real Models; 15 A Monetary Model; 16 Limited Participation, Sticky Prices, and UST: A Comparison; 17 Inventories and the Business Cycle; 18 Money and Credit in the Business Cycle; 19 Evidence from Micro Data; 20 The Friedman Rule in a UST Model; 21 Sequential International Trade; 22 Endogenous Information and Externalities; 23 Search and Contracts; Re |
Record Nr. | UNINA-9910830920103321 |
Eden Benjamin | ||
Chichester, : John Wiley & Sons, Ltd., 2007 | ||
Materiale a stampa | ||
Lo trovi qui: Univ. Federico II | ||
|
A Course in Monetary Economics [[electronic resource] ] : Sequential Trade, Money, and Uncertainity |
Autore | Eden Benjamin |
Pubbl/distr/stampa | Chichester, : John Wiley & Sons, Ltd., 2007 |
Descrizione fisica | 1 online resource (424 p.) |
Disciplina | 332.40151 |
Soggetto topico |
Money
Business Money - Mathematical models Uncertainty - Mathematical models Finance Business & Economics |
ISBN |
1-281-32252-0
9786611322526 0-470-70164-1 0-470-75348-X 0-470-75200-9 |
Formato | Materiale a stampa |
Livello bibliografico | Monografia |
Lingua di pubblicazione | eng |
Nota di contenuto |
A COURSE IN MONETARY ECONOMICS; Contents; Preface; Part I: Introduction to Monetary Economics; 1 Overview; 2 Money in the Utility Function; 3 TheWelfare Cost of Infiation in a Growing Economy; 4 Government; 5 More Explicit Models of Money; 6 Optimal Fiscal and Monetary Policy; 7 Money and the Business Cycle: Does Money Matter?; 8 Sticky Prices in a Demand-satisfying Model; 9 Sticky Prices with Optimal Quantity Choices; 10 Flexible Prices; Part II: An Introduction to the Economics of Uncertainty; 11 Preliminaries; 12 Does Insurance Require Risk Aversion?
13 Asset Prices and the Lucas "Tree Model"Part III: An Introduction to Uncertain and Sequential Trade (UST); 14 Real Models; 15 A Monetary Model; 16 Limited Participation, Sticky Prices, and UST: A Comparison; 17 Inventories and the Business Cycle; 18 Money and Credit in the Business Cycle; 19 Evidence from Micro Data; 20 The Friedman Rule in a UST Model; 21 Sequential International Trade; 22 Endogenous Information and Externalities; 23 Search and Contracts; Re |
Record Nr. | UNINA-9910877664303321 |
Eden Benjamin | ||
Chichester, : John Wiley & Sons, Ltd., 2007 | ||
Materiale a stampa | ||
Lo trovi qui: Univ. Federico II | ||
|
A course in monetary economics : sequential trade, money, and uncertainty / / Benjamin Eden |
Autore | Eden Benjamin |
Edizione | [1st ed.] |
Pubbl/distr/stampa | Malden, MA, : Blackwell Pub., 2005 |
Descrizione fisica | 1 online resource (424 p.) |
Disciplina | 332.4/01/51 |
Soggetto topico |
Money - Mathematical models
Uncertainty - Mathematical models |
Formato | Materiale a stampa |
Livello bibliografico | Monografia |
Lingua di pubblicazione | eng |
Nota di contenuto | Overview -- Money in the utility function -- The welfare cost of inflation in a growing economy -- Government -- More explicit models of money -- Optimal fiscal and monetary policy -- Money and the business cycle: does money matter? -- Sticky prices in a demand-satisfying model -- Sticky prices with optimal quantity choices -- Flexible prices -- Part 2: An introduction to the economics of uncertainty -- Preliminaries -- Does insurance require risk aversion? -- Asset prices and the Lucas' "tree model" -- Part 3: An introduction to uncertain and sequential trade (UST) -- Real models -- A monetary model -- Limited participation, sticky prices, and UST: a comparison -- Inventories and business cycle -- Money and credit in the business cycle -- Evidence from micro data -- The Friedman rule in UST model -- Sequential international trade -- Endogenous information and externalities -- Search and contracts. |
Record Nr. | UNINA-9910816560003321 |
Eden Benjamin | ||
Malden, MA, : Blackwell Pub., 2005 | ||
Materiale a stampa | ||
Lo trovi qui: Univ. Federico II | ||
|