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Broad Money Demand and Asset Substitution in China / / Ge Wu
| Broad Money Demand and Asset Substitution in China / / Ge Wu |
| Autore | Wu Ge |
| Pubbl/distr/stampa | Washington, D.C. : , : International Monetary Fund, , 2009 |
| Descrizione fisica | 1 online resource (32 p.) |
| Collana | IMF Working Papers |
| Soggetto topico |
Demand for money - China
Assets (Accounting) Banks and Banking Finance: General Foreign Exchange Money and Monetary Policy Demand for Money Interest Rates: Determination, Term Structure, and Effects General Financial Markets: General (includes Measurement and Data) Monetary economics Finance Currency Foreign exchange Demand for money Deposit rates Capital markets Exchange rates Exchange rate arrangements Money Interest rates Capital market |
| ISBN |
1-4623-0532-6
1-4527-5107-2 9786612843457 1-4518-7278-X 1-282-84345-1 |
| Formato | Materiale a stampa  |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto |
Contents; I. Introduction; II. Recent Developments; Figures; 1. Actual and Targeted M2 Growth Rate, 1999-2007; 2. Renminbi Nominal Exchange Rate and REER, 1994-2008; 3. Currency Substitution and Expectation of Exchange Rate, 2003-07; 4. Number of Investor Accounts and Listed Securities on the Shanghai Stock Exchange, 1996-2008; III. A Model of Money Demand in China; A. Earlier Studies; 5. Household Holdings of Financial Assets, 2001-07; B. Model Specification; C. Integration and Cointegration Tests; Tables; 1. Unit Root Tests (ADF statistics); 2. Order of Vector Autoregressions
3. Cointegration Analysis D. A Dynamic Model of Money Demand; E. The Model's Properties; IV. Conclusion; Appendices; I. Data Definitions; 6. Data Series, 1994Q1-2008Q1; II. Unrestricted Error Correction Representation for Real Broad Money; 7. Actual and Fitted Values of the Money Demand Model; III. Statistical Properties of the Dynamic Model of Money Demand; 8. Residual Analysis; 9. Recursive Least-Squares Parameter Constancy (recursive estimates); 10. Recursive Least-Squares Parameter Constancy (t-values); 11. Other Recursive Least-Squares Constancy Statistics |
| Record Nr. | UNINA-9910788333203321 |
Wu Ge
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| Washington, D.C. : , : International Monetary Fund, , 2009 | ||
| Materiale a stampa | ||
| Lo trovi qui: Univ. Federico II | ||
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Fiscal Determinants of Inflation : : A Primer for the Middle East and North Africa / / Ludvig Söderling, Domenico Fanizza
| Fiscal Determinants of Inflation : : A Primer for the Middle East and North Africa / / Ludvig Söderling, Domenico Fanizza |
| Autore | Söderling Ludvig |
| Pubbl/distr/stampa | Washington, D.C. : , : International Monetary Fund, , 2006 |
| Descrizione fisica | 1 online resource (17 p.) |
| Altri autori (Persone) | FanizzaDomenico |
| Collana | IMF Working Papers |
| Soggetto topico |
Debts, Public - Africa, North
Debts, Public - Middle East Fiscal policy - Africa, North Fiscal policy - Middle East Inflation (Finance) - Africa, North Inflation (Finance) - Middle East Inflation Money and Monetary Policy Public Finance Price Level Deflation Fiscal Policy Debt Debt Management Sovereign Debt Demand for Money Monetary Policy, Central Banking, and the Supply of Money and Credit: General Macroeconomics Monetary economics Public finance & taxation Fiscal policy Public debt Demand for money Monetary base Prices Debts, Public Money Money supply |
| ISBN |
1-4623-0439-7
1-4527-7536-2 1-283-51640-3 9786613828859 1-4519-0929-2 |
| Formato | Materiale a stampa |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto | ""Contents""; ""I. INTRODUCTION""; ""II. MONEY AND PRICES IN THE MIDDLE EAST AND NORTH AFRICA: THE PUZZLE OF THE MISSING INFLATION""; ""III. AN ALTERNATIVE ANALYTICAL FRAMEWORK: THE FISCAL THEORY OF PRICES""; ""A. The Underlying Model: Standard Cash-in-Advance""; ""B. Multiple Equilibria""; ""IV. THE FISCAL THEORY OF THE PRICE LEVEL APPLIED TO MENA""; ""V. IMPLICATIONS FOR FUND POLICY ADVICE""; ""REFERENCES"" |
| Record Nr. | UNINA-9910788698603321 |
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Söderling Ludvig
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| Washington, D.C. : , : International Monetary Fund, , 2006 | ||
| Materiale a stampa | ||
| Lo trovi qui: Univ. Federico II | ||
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From Subprime Loans to Subprime Growth? Evidence for the Euro Area / / Martin Cihak, Petya Brooks
| From Subprime Loans to Subprime Growth? Evidence for the Euro Area / / Martin Cihak, Petya Brooks |
| Autore | Cihak Martin |
| Pubbl/distr/stampa | Washington, D.C. : , : International Monetary Fund, , 2009 |
| Descrizione fisica | 1 online resource (37 p.) |
| Altri autori (Persone) | BrooksPetya |
| Collana | IMF Working Papers |
| Soggetto topico |
Euro area
Global Financial Crisis, 2008-2009 Banks and Banking Investments: Bonds Money and Monetary Policy Industries: Financial Services Financial Markets and the Macroeconomy Banks Depository Institutions Micro Finance Institutions Mortgages Monetary Policy, Central Banking, and the Supply of Money and Credit: General General Financial Markets: General (includes Measurement and Data) Demand for Money Monetary economics Banking Investment & securities Finance Bank credit Credit Corporate bonds Loans Money Financial institutions Demand for money Banks and banking Bonds |
| ISBN |
1-4623-1844-4
1-4527-6621-5 9786612842900 1-4518-7216-X 1-282-84290-0 |
| Formato | Materiale a stampa |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto |
Contents; I. Introduction; II. Empirical Evidence; A. Linkages Between Bank Characteristics and Lending Behavior; B. Linkages Between Bank Loan Supply and Aggregate Output; C. Linkages Between Corporate Financing Conditions and Economic Activity; D. Risk Transfers Between Banks and Other Sectors: Contingent Claims Analysis ..; III. Quantitative Implications; IV. Conclusions; Figures; 1. Euro Area: Money Market and Retail Lending Rates, 2003-08; 2. Euro Area: Changes in Credit Standards to Enterprises and Households, 2005-08; 3. Euro Area: Corporate and Equity Market Prices, 2007-08
4. Euro Area: Growth in Bank Loans and Securities Issuance, 2003-085. Euro Area: Distance to Default for Banks, 1991-2008; 6. Euro Area: Excess Demand for Loans, 1997-2008; 7. Euro Area: Growth in Real Output and Bank Loans, 2000-08; 8. Euro Area: Corporate Debt Issuance, 1990-2008; 9. Euro Area: Response of Annual Growth in Industrial Production to One Standard Deviation Innovation in Corporate Spread; 10. Euro Area: Estimated Default Probability (Banks and Non-Banks),1991-2008; Tables; 1. Demand and Supply in the Disequilibrium Model, 1997-2007 11. Euro Area: Estimated Default Probability (Public Sector), 1997-200812. Capitalization in Euro Area Banks, 1997-2008; 2. OLS Regression of Output on Loans; 3. First Stage IV Regression: Loans on Money Demand Shocks; 4. Second Stage IV Regression of Output on Loans; Appendixes; I. Calculating the Distance to Default; II. Identifying the Linkage Between Bank Loan Supply and Aggregate Output; III. Contingent Claims Analysis: A Primer; References |
| Record Nr. | UNINA-9910788337803321 |
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Cihak Martin
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| Washington, D.C. : , : International Monetary Fund, , 2009 | ||
| Materiale a stampa | ||
| Lo trovi qui: Univ. Federico II | ||
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The Gambia : : Demand for Broad Money and Implications for Monetary Policy Conduct / / Subramanian Sriram
| The Gambia : : Demand for Broad Money and Implications for Monetary Policy Conduct / / Subramanian Sriram |
| Autore | Sriram Subramanian |
| Pubbl/distr/stampa | Washington, D.C. : , : International Monetary Fund, , 2009 |
| Descrizione fisica | 1 online resource (43 p.) |
| Disciplina | 336.54 |
| Collana | IMF Working Papers |
| Soggetto topico |
Money supply - Gambia
Monetary policy - Gambia Inflation (Finance) - Gambia Banks and Banking Inflation Investments: General Money and Monetary Policy Demand for Money Financial Markets and the Macroeconomy General Financial Markets: General (includes Measurement and Data) Price Level Deflation Monetary Policy, Central Banking, and the Supply of Money and Credit: General Banks Depository Institutions Micro Finance Institutions Mortgages Monetary economics Investment & securities Macroeconomics Banking Demand for money Treasury bills and bonds Monetary base Commercial banks Money Financial institutions Prices Government securities Money supply Banks and banking |
| ISBN |
1-4623-5475-0
1-4527-7528-1 9786612844010 1-4518-7339-5 1-282-84401-6 |
| Formato | Materiale a stampa |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto |
Contents; I. Introduction; II. Country Characteristics, Macroeconomic Performance, and Financial Sector Development; A. Country Characteristics; B. Macroeconomic Performance; Figures; 1. Real GDP Growth, 1988-2007; 2. Average Inflation, 1988-2007; C. Financial Sector Development; 3. Exchange Rate Developments, 1988-2007; 4. Real Lending Rates and Interest Rate Spreads, 1988-2007; 5. Measures of Financial Deepening, 1988-2007; III. Present Monetary Policy Framework; 6. Reserve Requirements, 2001-07; 7. Rediscount Rate, 2001-07; IV. Model Specification; A. General Framework
B. Model Specification for Long-Run Demand for Real M2 in The GambiaFunctional relationship; Justification on selection of variables; Expected signs of coefficients; V. Estimation of Long-Run Demand for Real M2; A. Unit Root Tests; B. Cointegration Tests; Text Tables; 1. Unit Root Test Results; 2. Cointegration and Weak-Exogeneity Test Results; VI. Policy Implicatoins; 8. Money Multiplier, January 1988-June 2007; 9. Growth in Broad Money and Inflation, January 1988-June 2007; 3. De Jure Monetary Policy Frameworks in Sub-Saharan Africa; VII. Conclusions; References; Appendices 1. Financial Sector Developments, 1985-June 20072. Reserve Requirements in Various Countries, 2008; 3. Data Specifications and Data Sources; 4. Graphical Representation of Various Variables Employed; 5. Diagnostic Test Results for the Cointegration Relationship; 6 Graphical Presentation of Diagnostic Test Results; 7. Parameter Constancy Tests; 8. Chow Tests |
| Record Nr. | UNINA-9910788310803321 |
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Sriram Subramanian
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| Washington, D.C. : , : International Monetary Fund, , 2009 | ||
| Materiale a stampa | ||
| Lo trovi qui: Univ. Federico II | ||
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Inflation Determinants in Paraguay : : Cost Push versus Demand Pull Factors / / Brieuc Monfort, Santiago Peña
| Inflation Determinants in Paraguay : : Cost Push versus Demand Pull Factors / / Brieuc Monfort, Santiago Peña |
| Autore | Monfort Brieuc |
| Pubbl/distr/stampa | Washington, D.C. : , : International Monetary Fund, , 2008 |
| Descrizione fisica | 1 online resource (43 p.) |
| Disciplina | 332.41 |
| Altri autori (Persone) | PeñaSantiago |
| Collana |
IMF Working Papers
IMF working paper |
| Soggetto topico |
Inflation (Finance) - Paraguay - Econometric models
Demand for money - Paraguay - Econometric models Foreign Exchange Inflation Macroeconomics Money and Monetary Policy Price Level Deflation Monetary Systems Standards Regimes Government and the Monetary System Payment Systems Demand for Money Monetary economics Currency Foreign exchange Currencies Consumer price indexes Demand for money Exchange rates Prices Money Price indexes |
| ISBN |
1-4623-9614-3
1-4527-7631-8 9786612842214 1-4518-7128-7 1-282-84221-8 |
| Formato | Materiale a stampa |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto |
Contents; I. Introduction; II. Measuring Inflation; A. Headline Inflation; B. Core Inflation Measures; C. Properties of Inflation Indicators; III. Analytical and Empirical Set-Up; A. Inflation as a Mark-Up Over Costs; B. Inflation as the Result of Excess Money Supply; C. Econometric Methodology; IV. Mark-Up Theory of Inflation; V. Monetary Theory of Inflation; A. The Demand for Currency; B. The Demand for Narrow Money and Broad Money; C. Why Has Inflation and Picked Up with High Monetary Growth?; VI. Short-Term Determinants of Inflation; A. Short-Term Dynamics; B. Dynamic Contributions
VII. Summary and ConclusionReferences; Annexes; I. Inflation in Selection of Latin American Countries Since 1950; II. Micro Level Analysis of Prices; III. The New Consumer Price Index; IV. Food Inflation in Latin America; V. Data Issues and Database Used in Econometric Analysis; VI. Econometric Results |
| Record Nr. | UNINA-9910788340903321 |
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Monfort Brieuc
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| Washington, D.C. : , : International Monetary Fund, , 2008 | ||
| Materiale a stampa | ||
| Lo trovi qui: Univ. Federico II | ||
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The Information Content of Money in Forecasting Euro Area Inflation / / Emil Stavrev, Helge Berger
| The Information Content of Money in Forecasting Euro Area Inflation / / Emil Stavrev, Helge Berger |
| Autore | Stavrev Emil |
| Pubbl/distr/stampa | Washington, D.C. : , : International Monetary Fund, , 2008 |
| Descrizione fisica | 1 online resource (31 p.) |
| Disciplina | 332.46 |
| Altri autori (Persone) | BergerHelge |
| Collana |
IMF Working Papers
IMF working paper |
| Soggetto topico |
Monetary policy - Econometric models
Money - Econometric models Inflation (Finance) - Forecasting - Econometric models Econometrics Inflation Money and Monetary Policy Forecasting Forecasting and Other Model Applications Price Level Deflation Computable and Other Applied General Equilibrium Models Classification Methods Cluster Analysis Principal Components Factor Models Demand for Money Economic Forecasting Macroeconomics Econometrics & economic statistics Monetary economics Economic forecasting Dynamic stochastic general equilibrium models Factor models Demand for money Prices Econometric models Money |
| ISBN |
1-4623-1341-8
1-4527-4908-6 1-4518-7024-8 1-282-84117-3 9786612841170 |
| Formato | Materiale a stampa |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto |
Contents; I. Introduction; II. Related Literature; III. Models of Inflation; A. DSGE Models; B. Partial Equilibrium Models; C. Empirical Models; IV. Empirical Methods and Data; A. Estimation Techniques; B. Prior Distribution of Parameters for the Bayesian Estimates; C. Forecasting and the Information Content of Money; D. Data; V. Results; A. The Marginal Contribution of Money; Figures; 1. Forecast Performance of DSGE Models; 2. Forecast Performance of Empirical Models; 3. Forecast Performance of P* and Phillips Curve Models; B. Comparison of Money-Based Models; C. Comparison Across All Models
Tables1. Out-of-Sample Forecasting Performance of Models; VI. Conclusions; References; Appendices; I. Empirical Specifications; II. Bayesian Priors |
| Record Nr. | UNINA-9910788233803321 |
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Stavrev Emil
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| Washington, D.C. : , : International Monetary Fund, , 2008 | ||
| Materiale a stampa | ||
| Lo trovi qui: Univ. Federico II | ||
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Modeling Inflation for Mali / / Mame Astou Diouf
| Modeling Inflation for Mali / / Mame Astou Diouf |
| Autore | Diouf Mame Astou |
| Pubbl/distr/stampa | Washington, D.C. : , : International Monetary Fund, , 2007 |
| Descrizione fisica | 1 online resource (36 p.) |
| Collana | IMF Working Papers |
| Soggetto topico |
Consumer price indexes - Mali
Inflation (Finance) - Mali Foreign Exchange Inflation Macroeconomics Money and Monetary Policy Price Level Deflation Personal Income, Wealth, and Their Distributions Monetary Policy, Central Banking, and the Supply of Money and Credit: General Demand for Money Monetary economics Currency Foreign exchange Personal income Monetary base Demand for money Real exchange rates Prices Income Money supply Money |
| ISBN |
1-4623-4976-5
1-4519-8528-2 1-283-51270-X 1-4519-1311-7 9786613825155 |
| Formato | Materiale a stampa |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto |
Contents; I. Introduction; II. Background; III. The Model; IV. Data and Estimation; V. Conclusion; References; Appendix; Figures; A.1: M ali: Food Price and Consumer Price Indexes, 1988:1-2006:5; A.2: Mali: Annual Rate of Inflation, 1971-2005; A.3: Mali: Inflation and Rainfall, 1979:1-2006:1; A.4: Mali: Money, Income, Interest Rates and Exchange Rate, 1979:1-2006:1; A.5: Mali: Domestic and Foreign Prices, Exchange Rate and Terms of Trade, 1979:1-2006:1; A.6: Mali: Cointegrating Vectors for the Money Market and the Foreign Sectors, 1982:2-2006:1
A.7. Mali: Inflation Model: Recursive Estimates, 1992:2-2006:1A.8. Mali: Inflation Model: One-Step Residual and Chow Stability Tests, 1992:2-2006:1; A.9. Mali: Inflation Model: Actual, Predicted and Residual, 1987:2-2006:1; Tables; A.1: Mali: Selected Financial, Economic, and climatic indicators, 1979-2005; A.2: Mali: A Sample Descriptive Statistics of Variables, 1979:1-2006:1; A.3: Mali: Correlation Between Selected Variables, 1979:1-2006:1; A.4: Mali: ADF Test for Unit-Root, 1979:1-2006:1; A.5: Mali: Cointegration Analysis of the Broad Money Demand, 1979:1-2006:1 A.6. Mali: The Determinants of Inflation, 1987:2-2006:1A.7. Mali: Diagnostic Tests for Omitted Variables, 1987:2-2006:1 |
| Record Nr. | UNINA-9910788417703321 |
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Diouf Mame Astou
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| Washington, D.C. : , : International Monetary Fund, , 2007 | ||
| Materiale a stampa | ||
| Lo trovi qui: Univ. Federico II | ||
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Money and the economy [[electronic resource] /] / Apostolos Serletis
| Money and the economy [[electronic resource] /] / Apostolos Serletis |
| Autore | Serletis Apostolos |
| Pubbl/distr/stampa | Hackensack, NJ, : World Scientific Pub., 2006 |
| Descrizione fisica | 1 online resource (xix, 330 p. ) : ill |
| Disciplina | 332.4 |
| Soggetto topico |
Demand for money
Money supply Monetary policy |
| Soggetto genere / forma | Electronic books. |
| ISBN |
1-281-92480-6
9786611924805 981-277-350-9 |
| Formato | Materiale a stampa |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto | pt. 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. |
| Record Nr. | UNINA-9910451350303321 |
|
Serletis Apostolos
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| Hackensack, NJ, : World Scientific Pub., 2006 | ||
| Materiale a stampa | ||
| Lo trovi qui: Univ. Federico II | ||
| ||
Money and the economy [[electronic resource] /] / Apostolos Serletis
| Money and the economy [[electronic resource] /] / Apostolos Serletis |
| Autore | Serletis Apostolos |
| Pubbl/distr/stampa | Hackensack, NJ, : World Scientific Pub., 2006 |
| Descrizione fisica | 1 online resource (xix, 330 p. ) : ill |
| Disciplina | 332.4 |
| Soggetto topico |
Demand for money
Money supply Monetary policy |
| ISBN |
1-281-92480-6
9786611924805 981-277-350-9 |
| Formato | Materiale a stampa |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto | pt. 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. |
| Record Nr. | UNINA-9910777493903321 |
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Serletis Apostolos
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| Hackensack, NJ, : World Scientific Pub., 2006 | ||
| Materiale a stampa | ||
| Lo trovi qui: Univ. Federico II | ||
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On Price Stability and Welfare / / Etienne Yehoue
| On Price Stability and Welfare / / Etienne Yehoue |
| Autore | Yehoue Etienne |
| Pubbl/distr/stampa | Washington, D.C. : , : International Monetary Fund, , 2012 |
| Descrizione fisica | 1 online resource (37 p.) |
| Collana | IMF Working Papers |
| Soggetto topico |
Price regulation
Welfare economics Banks and Banking Inflation Macroeconomics Money and Monetary Policy Mathematical Methods Price Level Deflation Demand for Money Money and Interest Rates: Forecasting and Simulation Monetary Policy Personal Income, Wealth, and Their Distributions Interest Rates: Determination, Term Structure, and Effects Monetary economics Finance Inflation targeting Demand for money Personal income Real interest rates Monetary policy Prices Money National accounts Financial services Income Interest rates |
| ISBN |
1-4755-7925-X
1-4755-1365-8 |
| Formato | Materiale a stampa |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto |
Cover; Contents; I. Introduction; II. Inflation and Growth; III. Inflation and Welfare: A General Equilibrium Approach; Tables; 1. Inflation Targets or Definitions of Price Stability in Selected Countries; A. The Opportunity Cost Channel; B. A Simple Model of Inflation and Welfare; 2. Summary of the Calibration Results; C. The Menu Cost Channel; D. Some Caveats; IV. Balancing Costs and Benefits; V. Concluding Remarks; Figures; 1. Welfare Cost Function with Log-Log Money Demand Function, Alpha = 0.5 and K= (0.05)
2. Welfare Cost Function with Log-Log Money Demand Function, Alpha = 0.5 and K = exp (0.05)3. Welfare Cost Function with Semi-Log Money Demand Function, Alpha = 7 and K= (0.3548); 4. Welfare Cost Function with Semi-Log Money Demand Function, Alpha = 7 and K = exp(0.3548); 5. Welfare Costs at Various Inflation Targets with Log-Log Money Demand Function, Alpha = 0.5 and K = (0.05); 6. Welfare Costs at Various Inflation Targets with Log-Log Money Demand Function, Alpha = 0.5 and K = exp (0.05) 7. Welfare Costs at Various Inflation Targets with Semi-Log Money Demand Function, Alpha = 7 and K = (0.3548)8. Welfare Costs at Various Inflation Targets with Semi-Log Money Demand Function, Alpha = 7 and K = exp (0.3548); 9. Welfare Costs at Various Inflation Targets with Semi-Log Money Demand Function, Alpha = 1.7944 and K = (0.1686); 10. Welfare Costs at Various Inflation Targets with Semi-Log Money Demand Function, Alpha = 1.7944 and K = exp (0.1686); 11. Welfare Costs at Various Inflations with Log-Log Money Demand Function, Alpha = 0.5 and K = (0.05) 12. Welfare Costs at Various Inflations with Log-Log Money Demand Function, Alpha = 0.5 and K = exp (0.05)13. Welfare Costs at Various Inflations with Semi-Log Money Demand Function, Alpha = 7 and K = (0.3548); 14. Welfare Costs at Various Inflations with Semi-Log Money Demand Function, Alpha = 7 and K = exp (0.3548); References |
| Record Nr. | UNINA-9910786483003321 |
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Yehoue Etienne
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| Washington, D.C. : , : International Monetary Fund, , 2012 | ||
| Materiale a stampa | ||
| Lo trovi qui: Univ. Federico II | ||
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Soggetto topico
-
Demand for money
(12)
- Demand for Money (10)
- Monetary economics (10)
- Money (10)
- Money and Monetary Policy (10)