The Demand for Assets and Optimal Monetary Aggregation

2018 ◽  
Vol 51 (4) ◽  
pp. 929-952 ◽  
Author(s):  
ALI JADIDZADEH ◽  
APOSTOLOS SERLETIS
Keyword(s):  
Monetary Aggregation

Monetary Aggregation, Inflation, and Welfare

2006 ◽  
pp. 98-116
Author(s):  
Apostolos Serletis ◽  
Jagat Jit Virk
Keyword(s):  
Monetary Aggregation

Monetary Aggregation and the Neutrality of Money

2006 ◽  
pp. 72-95
Author(s):  
Apostolos Serletis ◽  
Zisimos Koustas
Keyword(s):  
Monetary Aggregation

Monetary Aggregation for a Developing Economy: A Case Study of Nigeria

2005 ◽  
Vol 38 (2) ◽  
pp. 119-141 ◽  
Author(s):  
Bekele Sinkie Gebregiorgis ◽  
Jagdish Handa
Keyword(s):  
Developing Economy ◽  
Monetary Aggregation

Monetary aggregation, inflation, and welfare

2006 ◽  
Vol 16 (7) ◽  
pp. 499-512 ◽  
Author(s):  
Apostolos Serletis ◽  
Jagat Jit Virk
Keyword(s):  
Monetary Aggregation

FLEXIBLE FUNCTIONAL FORMS, CURVATURE CONDITIONS, AND THE DEMAND FOR ASSETS

2007 ◽  
Vol 11 (4) ◽  
pp. 455-486 ◽  
Author(s):  
APOSTOLOS SERLETIS ◽  
ASGHAR SHAHMORADI
Keyword(s):  
The United States ◽  
Demand System ◽  
Empirical Literature ◽  
Regularity Conditions ◽  
Indirect Utility ◽  
Flexible Functional Forms ◽  
Demand For Money ◽  
Monetary Aggregation ◽  
Policy Perspective ◽  
Functional Forms

This paper focuses on the demand for money in the United States in the context of five popular locally flexible functional forms—the generalized Leontief, the basic translog, the almost ideal demand system, the Minflex Laurent, and the normalized quadratic reciprocal indirect utility function. We pay explicit attention to the theoretical regularity conditions of positivity, monotonicity, and curvature and argue that much of the older empirical literature ignores economic regularity. We treat the curvature property as a maintained hypothesis and provide a comparison in terms of violations of the regularity conditions and in terms of output in the form of a full set of elasticities. We also provide a policy perspective, in that a strong case can be made for abandoning the simple sum approach to monetary aggregation, on the basis of the low elasticities of substitution among the components of the popular M2 aggregate of money.

scholarly journals Monetary Aggregation Theory and Statistical Index Numbers

1996 ◽  
Author(s):  
Richard G. Anderson ◽  
Barry Jones ◽  
Travis Nesmith
Keyword(s):  
Statistical Index ◽  
Index Numbers ◽  
Monetary Aggregation
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