[PDF] Money Supply Money Demand And Macroeconomics Models eBook

Author : Jagdish Handa
Publisher : Routledge
Page : 1199 pages
File Size : 10,18 MB
Release : 2008-09-18
Category : Business & Economics
ISBN : 1135981833

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This successful text, now in its second edition, offers the most comprehensive overview of monetary economics and monetary policy currently available. It covers the microeconomic, macroeconomic and monetary policy components of the field. Major features of the new edition include:Stylised facts on money demand and supply, and the relationships betw

Author : Mr.Subramanian S. Sriram
Publisher : International Monetary Fund
Page : 78 pages
File Size : 16,34 MB
Release : 1999-05-01
Category : Business & Economics
ISBN : 1451848544

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A stable money demand forms the cornerstone in formulating and conducting monetary policy. Consequently, numerous theoretical and empirical studies have been conducted in both industrial and developing countries to evaluate the determinants and the stability of the money demand function. This paper briefly reviews the theoretical work, tracing the contributions of several researchers beginning from the classical economists, and explains relevant empirical issues in modeling and estimating money demand functions. Notably, it summarizes the salient features of a number of recent studies that applied cointegration/error-correction models in the 1990s, and it features a bibliography to aid in research on demand for money.

Author : Jagdish Handa
Publisher : World Scientific
Page : 611 pages
File Size : 14,34 MB
Release : 2010
Category : Business & Economics
ISBN : 9814289442

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This book presents the stylized facts on the important variables (output, inflation, money supply and interest rates, etc.) of the macro economy and uses them to differentiate how well particular economic theories perform or fail to do so. On the determination of aggregate demand, this book presents two approaches: the traditional IS-LM analysis under the assumption that the money supply is exogenous because the central bank uses its monetary policy to control it, and the emerging IS-IRT analysis under the assumption that the interest rate is the exogenous monetary policy variable set by the central bank to manipulate aggregate demand in the economy. The IS-IRT analysis is important for the macro analyses of many economies, yet is totally neglected in most textbooks on macroeconomics. The chapter on Paradigms in Economics introduces students to the heritage of ideas in macroeconomics, and the evolution of ideas and approaches over the last two centuries. It also provides the justification for the simultaneous relevance of both Classical ideas and Keynesian ones. The two growth theory chapters go beyond the Solow growth model to cover the broad evolution of growth from Malthus's theory to the present endogenous approaches, and the link between money supply, inflation and growth over very long periods.

Author : Bradley T. Ewing
Publisher : Routledge
Page : 241 pages
File Size : 28,35 MB
Release : 2006-09-27
Category : Business & Economics
ISBN : 113599059X

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This book fills the gap between intermediate and advanced graduate level books Contains more pedagogy than is customary for an advanced undergraduate text Explores contemporary theory in macroeconomics including new and endogenous growth theory, real business cycles, New Classical and New Keynesian Macroeconomics as well as the role of exchange rates

Author : Yiannis P. Venieris
Publisher : John Wiley & Sons
Page : 676 pages
File Size : 48,62 MB
Release : 1977
Category : Macroeconomics
ISBN :

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Cover title: Macroeconomic models and policy."A Wiley/Hamilton publication." Includes bibliographies and index.

Author : P. Korteweg
Publisher : Springer Science & Business Media
Page : 118 pages
File Size : 11,33 MB
Release : 2012-12-06
Category : Business & Economics
ISBN : 1461342457

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In most Keynesian-type macroeconomic models the financial sector is modelled in terms of money demand, money supply and money market equilibrium. The market equations for private and government debt, i.e. credit, are implicit in these models by virtue of Walras' Law and need not be explicitly specified. Market equations for existing physical capital, or shares in capital, are absent from these models on the tacit assumption that physical capital cannot be traded and, consequently, has no market price. Money in these models is a substitute for private and government debt, not for current output, let alone for physical capital (or claims thereon). Models with these characteristics have three basic weaknesses. They narrow down the monetary transmission mechanism to a small subset of assets. Moreover, they produce downward-biased estimates of the degree of controllability of money in open economies if money and claims on physical capital are actually substitutes. Finally, these models are ill-suited to analyze adequately the effects of open market operations and of financing government budget deficits which change the stocks of money and debt.

Author : Martin F. J. Prachowny
Publisher : Cambridge University Press
Page : 368 pages
File Size : 31,65 MB
Release : 1985
Category : Business & Economics
ISBN : 9780521315944

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Focuses on the role of money in the macroeconomy and on monetary policy as an instrument for controlling inflation and unemployment. Emphasizes three important macrovariables: the rate of inflation, the interest rate, and output/income.