The Theory of Monetary Aggregation: 245 (Contributions to Economic Analysis, 245) - Image 1

£134.99

North Holland The Theory of Monetary Aggregation: 245 (Contributions to Economic Analysis, 245)

Name: The Theory of Monetary Aggregation: 245 (Contributions to Economic Analysis, 245)
Brand: North Holland
Price: 134.99 GBP
Availability: InStock

Accounting

Price History & Forecast

Last 68 days • 68 data points (No recent data available)

Historical

Generating forecast...

Price Distribution

Price distribution over 68 days • 1 price levels

Days at Price

Price Analysis

Most common price: £135 (68 days, 100.0%)

Price range: £135 - £135

Price levels: 1 different prices over 68 days

Description

In recent years, there has been renewed interest in index number and aggregation theory, since the two previously divergent fields have been successfully unified. The underlying aggregator functions which are weakly separable subfunctions of utility and production functions, are the building blocks of economic theory, and the derivation of index numbers based upon their ability to track those building blocks is now called the "economic theory of index numbers." William Barnett, the coeditor of this volume, introduced modern economic index number theory into monetary economics. His merger of economic index number theory, with monetary theory was based upon the use of Diewert's approach to producing "superlative" nonparametric approximations to the theoretically exact aggregator functions.This book comprises a focussed and unified collection of Barnett's most important publications in this area. The papers in the book have been organized into logical sections, with unifying introductions and overviews. The result is a systematic development of the state-of-the-art in monetary and financial aggregation theory. The sections cover the origin of the user cost price of monetary services. Exact aggregation of monetary assets on the demand side for consumers and firms, and on the supply side for financial intermediaries, general equilibrium of all economic agents' demands and supplies, dynamic solution of the exact system, and extension to monetary aggregation under risk. The extension of index number theory to the case of risk is completely general, and can be applied to tracking any exact economic aggregator under risk. In all cases, the criterion used for evaluation is the tracking ability of the approximation to the exact aggregator function of economic theory. Many of the empirical and policy puzzles in monetary economics disappear when simple sum monetary aggregates are replaced by index numbers that are coherent with theory. Simple sum monetary aggregates became incoherent with theory, when monetary assets began paying interest and therefore could no longer be viewed as perfect substitutes. This is a useful tool to those associated with economics departments within universities, business schools, central banks and federal governments, financial institutions including underwriters, bankers and stockbrokers.

Product Specifications

Brand: North Holland
Format: hardcover
ASIN: 0444501193
Category: Books > Subjects > Business, Finance & Law > Accounting
Domain: Amazon UK
Release Date: 30 June 2000
Listed Since: 15 December 2006

Barcode

No barcode data available

North Holland The Theory of Monetary Aggregation: 245 (Contributions to Economic Analysis, 245)

Price History & Forecast

Price Distribution

Price Analysis

Description

Product Specifications

Barcode

Similar Products You Might Like

Money: Theory and Practice (Springer Texts in Business and Economics)

Open Market Operations and Financial Markets (Routledge International Studies in Money and Banking)

Money Markets: The International Perspective

Financial Markets and Institutions

Central Banking, Asset Prices and Financial Fragility (Routledge International Studies in Money and Banking)

Towards a New Paradigm in Monetary Economics (Raffaele Mattioli Lectures)

Monetary Economics in Globalised Financial Markets

World Scientific - Contemporary Issues in Post-Crisis Regulation

Stigum's Money Market, 4E (PROFESSIONAL FINANCE & INVESTM)

Implications of the Global Financial Crisis for Financial Reform and Regulation in Asia (ADBI series on Asian Economic Integration and Cooperation)

Banking, Monetary Policy and the Political Economy of Financial Regulation: Essays in the Tradition of Jane D'Arista

Monetary Integration, Markets and Regulations: 4 (Research in Banking and Finance, 4)

Economics of Money, Banking and Financial Markets, The, Global Edition + MyLab Economics with Pearson eText (Package)

Contemporary Finance: Money, Risk, and Public Policy (Wiley Finance)

Economics of Money, Banking and Financial Markets, The, Global Edition

Money, Banking, and Financial Markets: A Modern Introduction to Macroeconomics

Interest Rate Modelling in the Multi-Curve Framework: Foundations, Evolution, Transition, and Implementation (Applied Quantitative Finance)

Business Cycles in Economics: Types, Challenges & Impacts on Monetary Policies (Business Economics in a Rapidly-changing World)

Springer - Capital, Accumulation, and Money Book

Monetary Policy in Times of Crisis: A Tale of Two Decades of the European Central Bank

Theories of Money and Banking (The International Library of Critical Writings in Economics series)

Routledge Monetary Policy after the Great Recession Book

Financial Structure and Monetary Transmission in Europe: A Cross-Country Study

Interest and Prices – Foundations of a Theory of Monetary Policy