The Optimal Timing of Transactions
Author | : P. W. Howitt |
Publisher | : |
Total Pages | : 66 |
Release | : 1974 |
Genre | : Money |
ISBN | : |
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Author | : P. W. Howitt |
Publisher | : |
Total Pages | : 66 |
Release | : 1974 |
Genre | : Money |
ISBN | : |
Author | : Clower, Robert W |
Publisher | : London, Ont. : Department of Economics, University of Western Ontario |
Total Pages | : |
Release | : 1974 |
Genre | : |
ISBN | : |
Author | : G. Schwödiauer |
Publisher | : Springer Science & Business Media |
Total Pages | : 768 |
Release | : 2012-12-06 |
Genre | : Social Science |
ISBN | : 9401011559 |
This volume is the result of a conference held at the Institute for Advanced Studies, Vienna. There is still a gap reflected both in fundamental meth odological differences and in the style of analysis between the Walrasian (and Edgeworthian) tradition of general equilibrium theory and the theo retical and policy problems raised in the framework of Keynesian and post-Keynesian macroeconomics. The conference succeeded in bringing together economic theorists working in fields ranging from abstract prob lems of mathematical equilibrium analysis to applied macroeconomic theory, and it is hoped that the present volume will contribute to bridging the above-mentioned hiatus. As organizer of the meeting and editor of its proceedings I want to thank the Institute for Advanced Studies for providing facilities and funds. I am also sincerely grateful to all my colleagues from the Institute for their generous help, in particular to Mrs Monika Herkner without whose assistance and organizational talent the conference would certainly not have been the success it in fact - in the opinion of all participants - turned out to have been. Furthermore, I wish to express my gratitude towards all participants in the meeting and contributors to the volume whose patient support of the whole enterprise proved indispensable. To Mrs Elfriede Auracher I am deeply indebted for her skillful and effective general management of the editorial work and her invaluable assistance in compiling the indexes.
Author | : Jagdish Handa |
Publisher | : Routledge |
Total Pages | : 785 |
Release | : 2002-11-01 |
Genre | : Business & Economics |
ISBN | : 1134638094 |
A comprehensive overview of advanced monetary economics, integrating the presentation of monetary theory with empirical formulations and their empirical tests. Unlike most texts this book brings together in a single unified source the core areas of monetary economics. Key features include: * cross-country comparison of central banking in the US, UK and developing countries * theories and empirical studies on money demand, including precautionary and buffer stock models and monetary aggregation * detailed comparison of Keynesian and modern classical macroeconomic theoretical and policy models * a focus on the role of money and financial institutions and growth.
Author | : Neil Thompson |
Publisher | : Springer |
Total Pages | : 223 |
Release | : 2016-07-27 |
Genre | : Business & Economics |
ISBN | : 1349228273 |
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 | : Harry Johnson |
Publisher | : Routledge |
Total Pages | : 341 |
Release | : 2013-07-18 |
Genre | : Business & Economics |
ISBN | : 1134623569 |
Reprinting the second edition (which included a new introduction explaining developments which had emerged since first publication) this book discusses explorations in the fundamental theory of a monetary economy, a theoretical critique of the ‘Phillips Curve’ approach to the theory of inflation and the theory of the term structure of interest rates in terms of the theory of forward markets pioneered by David Meiselman.
Author | : Lars Jonung |
Publisher | : Routledge |
Total Pages | : 259 |
Release | : 2018-02-06 |
Genre | : Business & Economics |
ISBN | : 135152299X |
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.
Author | : Harry G. Johnson |
Publisher | : Routledge |
Total Pages | : 2783 |
Release | : 2021-12-02 |
Genre | : Business & Economics |
ISBN | : 1135050368 |
Supervised by Maurice Dobb, Harry Johnson was particularly impressed by the breadth and the ideas of Joseph Schumpeter, which greatly influenced his writings in later years. Johnson made many contributions to the development of Heckscher-Ohlin theory and also helped to found the monetary approach to the balance of payments. He wrote many surveys of monetary economics that helped to clarify the issues in question.
Author | : Harry Johnson |
Publisher | : Routledge |
Total Pages | : 277 |
Release | : 2013-07-18 |
Genre | : Business & Economics |
ISBN | : 1135052506 |
This volume consists of selected previously published key essays which have proved most useful for teaching advanced monetary economics. A short introduction was added which places the selection of essays and the issues they cover in the contemporaneous context of simultaneous high inflation and high unemployment. As relevant today as they were when they were first written, they enable the reader to anticipate intelligently what is likely to happen and why.
Author | : John Eatwell |
Publisher | : Springer |
Total Pages | : 869 |
Release | : 1992-10-14 |
Genre | : Business & Economics |
ISBN | : 1349117218 |
The first reference work ever to be awarded the Eccles Prize for Excellence in Economic Writing from Columbia Business School. Continuing in the tradition of The New Palgrave , this 3-volume set provides an unparalleled guide to modern money, banking and finance. In over 1,000 substantial essays by leading academic and professional authorities, it provides the most comprehensive analysis available of contemporary theory and the fast-evolving global monetary and financial framework. In its scope and depth of coverage, it is indispensable for the academic and practitioner alike.