Download Money Demand And Monetary Policy full books in PDF, epub, and Kindle. Read online free Money Demand And Monetary Policy ebook anywhere anytime directly on your device. Fast Download speed and no annoying ads. We cannot guarantee that every ebooks is available!
| Author | : Douglas Fisher |
| Publisher | : University of Michigan Press |
| Total Pages | : 254 |
| Release | : 1989 |
| Genre | : Business & Economics |
| ISBN | : 9780472101696 |
An analysis of the literature dealing with the demand for money
| Author | : John T. Boorman |
| Publisher | : Harlan Davidson |
| Total Pages | : 540 |
| Release | : 1972 |
| Genre | : Business & Economics |
| ISBN | : |
| Author | : Mr.Helge Berger |
| Publisher | : International Monetary Fund |
| Total Pages | : 52 |
| Release | : 2012-01-01 |
| Genre | : Business & Economics |
| ISBN | : 1463930550 |
The natural interest rate is of great relevance to central banks, but it is difficult to measure. We show that in a standard microfounded monetary model, the natural interest rate co-moves with a transformation of the money demand that can be computed from actual data. The co-movement is of a considerable magnitude and independent of monetary policy. An optimizing central bank that does not observe the natural interest rate can take advantage of this co-movement by incorporating the transformed money demand, in addition to the observed output gap and inflation, into a simple but optimal interest rate rule. Combining the transformed money demand and the observed output gap provides the best information about the natural interest rate.
| Author | : Elias C. Grivoyannis |
| Publisher | : Praeger |
| Total Pages | : 232 |
| Release | : 1991-02-28 |
| Genre | : Business & Economics |
| ISBN | : |
This study investigates the econometric properties of the demand for money function as it affects monetary policy. Particular emphasis is placed throughout on the general properties of conventional and alternative demand for money specifications and on the predictability of that demand over time. The author tests proposed explanations for the recent abnormal behavior of U.S. money demand by using a new data set--the Japanese data base--for the first time, offering important new insights into the general properties of money demand functions.
| Author | : Helmut Lütkepohl |
| Publisher | : Springer Science & Business Media |
| Total Pages | : 266 |
| Release | : 2013-04-17 |
| Genre | : Business & Economics |
| ISBN | : 3662125390 |
In 1999 a number of member states of the European Union will adopt a common currency. This change in the monetary system requires that a Eur opean Central Bank is set up and a common monetary policy is pursued. There is general agreement among those countries which are likely to join the common currency that price level stability has to be the ultimate objec tive of monetary po1icy. It is an open issue, however, what kind of policy is best suited for that purpose. The alternative strategies under discussion are a direct inflation targeting, an intermediate monetary targeting or a mixture of both. For these policy strategies a stable money demand relation is of cen tral importance. Therefore a workshop on Money Demand in Europe was organized at the Humboldt University in Berlin on October 10/11, 1997. This research conference brought together academic and central bank econo mists and econometricians predominantly from Europe to discuss issues on specification, estimation and, in particular, stability of money demand rela tions both in a single equation and in a systems framework. In this volume revised versions of the papers presented and discussed at the workshop are collected. The volume thereby gives an overview of money demand analysis in Europe on the eve of the introduction of the Euro in some European countries. It contributes to the discussion on a suitable monetary policy for the new European Central Bank.
| Author | : Mr.Philipp C. Rother |
| Publisher | : International Monetary Fund |
| Total Pages | : 26 |
| Release | : 1998-04-01 |
| Genre | : Business & Economics |
| ISBN | : 1451967624 |
Regional monetary integration, financial liberalization, and the adoption of indirect policy instruments have changed the conditions for monetary policy in the West African Economic and Monetary Union (WAEMU). The stability of money demand has become a crucial element for monetary policy. This paper presents empirical money demand estimations for regional monetary aggregates and analyzes their stability and forecast performance. The estimations result in a stable relationship for narrow money (M1). Consequently, the region’;s central bank, the BCEAO, can continue to conduct monetary policy in line with the fixed exchange rate system if it succeeds in maintaining financial stability.
| Author | : Mr.Subramanian S. Sriram |
| Publisher | : International Monetary Fund |
| Total Pages | : 78 |
| Release | : 1999-05-01 |
| Genre | : Business & Economics |
| ISBN | : 1451848544 |
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 | : Carl E. Walsh |
| Publisher | : MIT Press |
| Total Pages | : 636 |
| Release | : 2003 |
| Genre | : Business & Economics |
| ISBN | : 9780262232319 |
An overview of recent theoretical and policy-related developments in monetary economics.
| Author | : Taradas Bandyopadhyay |
| Publisher | : Rowman & Littlefield |
| Total Pages | : 356 |
| Release | : 1990 |
| Genre | : Business & Economics |
| ISBN | : 9780389209119 |
This book brings together leading academics and researchers to make a timely contribution to our understanding of the key issues in the fast-developing field of monetary economics. It offers a thoroughly comprehensive and up-to-date treatment of major areas such as money supply and demand, interest rate determination, international transmission of inflation, public debt, stabilization of the economy, the rational expectations hypothesis and the relationship between money and economic development. The book will be essential reading for all undergraduate and graduate students of monetary economics and macroeconomic theory. Contents: Preface; Contributors; Introduction: Taradas Bandyopadhyay and Subrata Ghatak; Money demand and supply, M.J. Artis and M.K. Lewis; Money market operations of the Bank of England and the determination of interest rates, David T. Llewellyn; Real interest rates and the role of expectations, Kajal Lahiri and Mark Zaporowski; Public sector deficits and the money supply, P.M. Jackson; The international transmission of inflation, George Zis; A critique of monetary theories of the balance of payments; nihil ex nihilo, M.H.L. Burstein; A framework for the analysis of two-tier exchange markets with incomplete segmentation, Jagdeep S. Bhandari and Bernard Decaluwe; Rational expectations and monetary policy, Patrick Minford; Monetary policy and credibility, Paul Levine; Disinflation and wage-price controls, David A. Wilton; Monetary growth models: The role of money demand functions, Taradas Bandyopadhyay and Subrata Ghatak; Index.
| Author | : Maria Soledad Martinez Peria |
| Publisher | : World Bank Publications |
| Total Pages | : 86 |
| Release | : 2000 |
| Genre | : Banks and banking |
| ISBN | : |
Policymakers in countries undergoing banking crises should not worry about the structural stability of money demand functions; the behavior of money demand during crises can be modeled by the same function used during periods of tranquility. But policymakers should be aware that in some instances crises can give rise to variance instability in the price or inflation equations.
