Max Gillman

Inflation Theory in Economics (eBook, PDF)

Welfare, Velocity, Growth and Business Cycles

• Format: PDF

Produktbeschreibung

These essays bring together a progression in monetary theory. The major theme that runs through all of the chapters is that in order to do monetary economics well in general equilibrium, it helps to have a good money demand underlying the theory.

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Produktdetails

• Verlag: Taylor & Francis
• Seitenzahl: 424
• Erscheinungstermin: 23. März 2009
• Englisch
• ISBN-13: 9781134021741
• Artikelnr.: 39263566

Autorenporträt

Max Gillman is Professor of Economics at Cardiff Business School, Cardiff.

Inhaltsangabe

1. Overview Part I: Inflation and Welfare 2. The Welfare Costs of Inflation
in a Cash in Advance Model with Costly Credit 3. A Comparison of Partial
and General Equilibrium Estimates of the Welfare Cost of Inflation 4. The
Optimality of a Zero Inflation Rate: Australia 5. On the Optimality of
Restricting Credit: Inflation-Avoidance and Productivity 6. Ramsey-Friedman
Optimality within a Banking Time Economy Part II: Money Demand and Velocity
7. The Demand for Bank Reserves and Other Monetary Aggregates 8. Money
Velocity with Costly Credit 9. Money Demand in General Equilibrium
Endogenous Growth: Estimating the Role of a Variable Interest Elasticity
10. Money Demand in an EU Accession Country: A VECM Study of Croatia Part
III: Inflation and Growth 11. Inflation and Balanced-Path Growth with
Alternative Payment Mechanisms 12. Contrasting Models of the Effect of
Inflation on Growth 13. A Revised Tobin Effect from Inflation: Relative
Input Price and Capital Ratio Realignments, US and UK, 1959-1999 14.
Inflation and Growth: Explaining the Negative Effect 15. Granger Causality
of the Inflation-Growth Mirror in Accession Countries Part IV: Monetary
Business Cycles 16. On Keynes's Theory of the Aggregate Price Level in the
Treatise: Any Help for Modern Aggregate Analysis? 17. Credit Shocks in the
Financial Deregulatory Era: Not the Usual Suspects 18. A Comparison of
Exchange Economies within a Monetary Business Cycle 19. Money Velocity in
an Endogenous Growth Business Cycle with Credit Shocks 20. Epilogue: The
Perspective Going Forward