Monetary Aggregation, Inflation, and Welfare

Apostolos Serletis and Jagat Jit Virk

Chapter 5 in Money and the Economy, 2006, pp 98-116 from World Scientific Publishing Co. Pte. Ltd.

Abstract: AbstractThe following sections are included:IntroductionTheoretical FoundationsThe Consumer Surplus ApproachThe Compensating Variation ApproachThe Demand for MoneyThe Empirical EvidenceConclusion

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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