The Demand for Money: Theoretical and Empirical Approaches

Front Matter....Pages i-xxv
Front Matter....Pages 1-1
Classical Macroeconomic Theory....Pages 3-11
Keynesian Macroeconomic Theory....Pages 13-24
Front Matter....Pages 25-25
Neoclassical Growth Theory....Pages 27-40
Monetary Growth Theory....Pages 41-51
Front Matter....Pages 53-53
The Classics, Keynes, and Friedman....Pages 55-66
Transactions Theories of Money Demand....Pages 67-78
Portfolio Theories of Money Demand....Pages 79-87
Front Matter....Pages 89-89
Conventional Demand for Money Functions....Pages 91-112
Modeling Trends in the Variables of the Money Demand Function....Pages 113-125
Cointegration and the Aggregate Demand for Money Function....Pages 127-139
Balanced Growth, the Demand for Money, and Monetary Aggregation....Pages 141-155
Front Matter....Pages 157-157
The Microeconomic Foundations of the Definition of Money....Pages 159-171
The New Monetary Aggregates....Pages 173-186
The Stylized Facts of the Monetary Variables....Pages 187-198
Front Matter....Pages 199-199
The Nonparametric Approach to the Demand for Monetary Assets....Pages 201-211
The Parametric Approach to the Demand for Monetary Assets....Pages 213-221
Flexible Functional Forms and Demand Systems....Pages 223-233
Front Matter....Pages 235-235
The Econometrics of Demand Systems....Pages 237-248
Applied Monetary Demand Analysis....Pages 249-262
Future Research Agenda....Pages 263-272
Back Matter....Pages 273-303