Money and the Economy

Аннотация

This book contains a collection of my most important contributions in the area of monetary aggregation and flexible demand systems. It is organized and discussed in a systematic way, providing a unified perspective on the state of play in this important literature. In particular, the book focuses on the demand for money and liquid assets building on a large body of recent literature, which Barnett (1997) calls the "high road" literature, that takes a microeconomic- and aggregation- theoretic approach.