Consumer Theory and the Demand for Money

William Barnett, Douglas Fisher and Apostolos Serletis

Chapter 1 in Money and the Economy, 2006, pp 3-43 from World Scientific Publishing Co. Pte. Ltd.

Abstract: AbstractThe following sections are included:IntroductionThe Definition of MoneyThe Microeconomic Theory of a Monetary EconomyThe Aggregation-Theoretic Approach to Money DemandIndex Number TheoryThe Links Between Aggregation Theory, Index Number Theory, and Monetary TheoryUnderstanding the New Divisia AggregatesThe Optimal Level of Monetary SubaggregationEconometric ConsiderationsApproximating the Monetary Services Subutility FunctionAn ExampleEmpirical DimensionsEmpirical Comparisons of Index NumbersEmpirical Results for the Demand System ApproachExtensionsConclusions

Keywords: Monetary Aggregation; Demand for Money; Demand Systems; Flexible Functional Forms; Welfare Cost of Inflation; Money-Income Causality; Nominal Stylized Facts (search for similar items in EconPapers)
Date: 2006
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Chapter: Consumer Theory and the Demand for Money (2000)
Journal Article: Consumer Theory and the Demand for Money (1992)
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