Almost half a century has elapsed since the demand for money began to attract widespread attention from economists and econometricians, and it has been a topic of ongoing controversy and research ever since. Interest in the topic stemmed from three principal sources. Firstofall, therewasthematter oftheinternaldynamicsofmacr- conomics, to which Harry Johnson drew attention in his 1971 Ely Lecture on The Keynesian Revolution and the Monetarist Counter- Revolution, American Economic Review 61 (May 1971). The main lesson about money that had been drawn from the so-called Key- sian Revolution was...
Almost half a century has elapsed since the demand for money began to attract widespread attention from economists and econometricians, and it has bee...
Macroeconomic Policy in the Canadian Economy investigates developments in Canada over the last forty years, using recent advances in the field of applied econometrics. In particular, the book analyzes the theoretical foundations of public sector activities and evaluates the several theories of government growth. Issues of convergence are also investigated as they manifest themselves in per capita income across Canadian provinces, and as to how successful government income equalization policies have been in furthering such convergence. Moreover, the openness of the Canadian...
Macroeconomic Policy in the Canadian Economy investigates developments in Canada over the last forty years, using recent advances ...
This book provides a comprehensive and systematic introduction to the problem of the definition of money and investigates the gains that can be achieved by a rigorous use of microeconomic-and aggregation-theoretic foundations in the construction of monetary aggregates. It provides readers with key aspects of monetary economics and macroeconomics, including monetary aggregation, demand systems, flexible functional forms, long-run monetary neutrality, the welfare cost of inflation, and nonlinear chaotic dynamics. This book offers the following conclusions: the simple-sum approach to monetary...
This book provides a comprehensive and systematic introduction to the problem of the definition of money and investigates the gains that can be achiev...
Almost half a century has elapsed since the demand for money began to attract widespread attention from economists and econometricians, and it has been a topic of ongoing controversy and research ever since. Interest in the topic stemmed from three principal sources. Firstofall, therewasthematter oftheinternaldynamicsofmacr- conomics, to which Harry Johnson drew attention in his 1971 Ely Lecture on The Keynesian Revolution and the Monetarist Counter- Revolution, American Economic Review 61 (May 1971). The main lesson about money that had been drawn from the so-called Key- sian Revolution was...
Almost half a century has elapsed since the demand for money began to attract widespread attention from economists and econometricians, and it has bee...
Offers an investigation of the direct effects of uncertainty about oil prices on the real economy. This title features advances in macroeconomics and financial economics to investigate the effects of oil price shocks and uncertainty about the price of oil on the level of economic activity.
Offers an investigation of the direct effects of uncertainty about oil prices on the real economy. This title features advances in macroeconomics and ...
Macroeconomic Policy in the Canadian Economy investigates developments in Canada over the last forty years, using recent advances in the field of applied econometrics. In particular, the book analyzes the theoretical foundations of public sector activities and evaluates the several theories of government growth. Issues of convergence are also investigated as they manifest themselves in per capita income across Canadian provinces, and as to how successful government income equalization policies have been in furthering such convergence. Moreover, the openness of the Canadian...
Macroeconomic Policy in the Canadian Economy investigates developments in Canada over the last forty years, using recent advances ...
Bringing together leading-edge research and innovative energy markets econometrics, this book collects the author's most important recent contributions in energy economics. In particular, the book: • applies recent advances in the field of applied econometrics to investigate a number of issues regarding energy markets, including the theory of storage and the efficient markets hypothesis• presents the basic stylized facts on energy price movements using correlation analysis, causality tests, integration theory, cointegration theory, as well as recently developed procedures for...
Bringing together leading-edge research and innovative energy markets econometrics, this book collects the author's most important recent contribution...
