Apostolos Serlitis – Money & The Economy
Apostolos Serlitis – Money & The Economy
Apostolos Serlitis – Money & The Economy
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APOSTOLOS SERLITIS – MONEY & THE ECONOMY
A comprehensive and systematic introduction to the problem of the definition of money is provided in this book. Key aspects of monetary economics and macroeconomics include monetary aggregation, demand systems, flexible functional forms, long-run monetary neutrality, and the welfare cost of inflation. The simple-sum approach to monetary aggregation and log-linear money demand functions are inappropriate for monetary policy purposes, the choice of monetary aggregation procedure is crucial in evaluating the welfare cost of inflation, and the inter-related problems of monetary are offered in this book.
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