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| 001 - CONTROL NUMBER |
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bslw06443756 |
| 003 - CONTROL NUMBER IDENTIFIER |
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UtOrBLW |
| 005 - DATE AND TIME OF LATEST TRANSACTION |
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20210303085430.0 |
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101115s2000 ne a ob 001 0 eng |
| 010 ## - LIBRARY OF CONGRESS CONTROL NUMBER |
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| LC control number |
00034082 |
| 020 ## - INTERNATIONAL STANDARD BOOK NUMBER |
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| Canceled/invalid ISBN |
0444501193 (alk. paper) |
| 020 ## - INTERNATIONAL STANDARD BOOK NUMBER |
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| International Standard Book Number |
9781849508490 (electronic bk.) : |
| Terms of availability |
£94.95 ; <U+0080>137.95 ; $168.00 |
| 040 ## - CATALOGING SOURCE |
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| Original cataloging agency |
UtOrBLW |
| Transcribing agency |
UtOrBLW |
| 050 00 - LIBRARY OF CONGRESS CALL NUMBER |
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| Classification number |
HB225 |
| Item number |
.T49 2000 |
| 072 #7 - SUBJECT CATEGORY CODE |
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| Subject category code |
KCBM |
| Source |
bicssc |
| 072 #7 - SUBJECT CATEGORY CODE |
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| Subject category code |
KFF |
| Source |
bicssc |
| 072 #7 - SUBJECT CATEGORY CODE |
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| Subject category code |
BUS031000 |
| Source |
bisacsh |
| 072 #7 - SUBJECT CATEGORY CODE |
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| Subject category code |
BUS021000 |
| Source |
bisacsh |
| 080 ## - UNIVERSAL DECIMAL CLASSIFICATION NUMBER |
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| Universal Decimal Classification number |
311.141 |
| 082 00 - DEWEY DECIMAL CLASSIFICATION NUMBER |
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| Classification number |
332.4/15 |
| Edition number |
21 |
| 245 04 - TITLE STATEMENT |
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| Title |
The theory of monetary aggregation |
| Medium |
[electronic resource] / |
| Statement of responsibility, etc. |
edited by William A. Barnett and Apostolos Serletis. |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. |
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| Place of publication, distribution, etc. |
Amsterdam ; |
| -- |
New York : |
| Name of publisher, distributor, etc. |
Elsevier, |
| Date of publication, distribution, etc. |
2000. |
| 300 ## - PHYSICAL DESCRIPTION |
|---|
| Extent |
1 online resource (xxxiii, 675 p.) : |
| Other physical details |
ill. |
| 490 1# - SERIES STATEMENT |
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| Series statement |
Contributions to economic analysis, |
| International Standard Serial Number |
0573-8555 ; |
| Volume/sequential designation |
v. 245 |
| 504 ## - BIBLIOGRAPHY, ETC. NOTE |
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| Bibliography, etc. note |
Includes bibliographical references (p. 617-648) and indexes. |
| 505 0# - FORMATTED CONTENTS NOTE |
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| Formatted contents note |
Understanding the new divisia monetary aggregates -- Economic monetary aggregates : an application of index number and aggregation theory -- Divisia indices -- Divisia monetary aggregates -- The optimal level of monetary aggregation -- New concepts of aggregated money / Paul Spindt -- A dispersion-dependency diagnostic test for aggregation error : with applications to monetary economics and income distribution / Apostolos Serletis -- Exact aggregation under risk -- Monitoring monetary aggregates under risk aversion / Piyu Yue -- CAPM risk adjustment / Mark Jensen -- Stochastic volatility in interest rates and nonlinearity in velocity / Haiyang Xu -- A reply to Julio J. Rotemberg -- Partition of M2+ as a joint product : commentary / Ge Zhou -- New indices of money supply and the flexible laurent demand system -- The new Divisia monetary aggregates / Paul A. Spindt -- Consumer theory and the demand for money / Apostolos Serletis -- The regulatory wedge between the demand-side and supply-side aggregation-theoretic monetary aggregates / Warren E. Weber -- Financial-firm production of monetary services : a generalized symmetric Barnett variable-profit-function approach / Jeong Ho Hahm -- Financial-firms' production and supply-side monetary aggregation under dynamic uncertainty / Ge Zhou -- The microeconomic theory of monetary aggregation -- Estimating policy-invariant deep parameters in the financial sector when risk and growth matter / Meenakshi Pasupathy -- Recent monetary policy and the Divisia monetary aggregates -- Which road leads to stable money demand? -- Perspective on the current state of macroeconomic theory -- The user cost of money -- Introduction to the St. Louis monetary services index project / Travis D. Nesmith. |
| 520 ## - SUMMARY, ETC. |
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| Summary, etc. |
In recent years, there has been renewed interest in index number and aggregation theory, since the two previously divergent fields have been successfully unified. The underlying aggregator functions which are weakly separable subfunctions of utility and production functions, are the building blocks of economic theory, and the derivation of index numbers based upon their ability to track those building blocks is now called the economic theory of index numbers. William Barnett, the coeditor of this volume, introduced modern economic index number theory into monetary economics. His merger of economic index number theory, with monetary theory was based upon the use of Diewert's approach to producing superlative nonparametric approximations to the theoretically exact aggregator functions.This book comprises a focussed and unified collection of Barnett's most important publications in this area. The papers in the book have been organized into logical sections, with unifying introductions and overviews. The result is a systematic development of the state-of-the-art in monetary and financial aggregation theory. The sections cover the origin of the user cost price of monetary services. Exact aggregation of monetary assets on the demand side for consumers and firms, and on the supply side for financial intermediaries, general equilibrium of all economic agents' demands and supplies, dynamic solution of the exact system, and extension to monetary aggregation under risk. The extension of index number theory to the case of risk is completely general, and can be applied to tracking any exact economic aggregator under risk. In all cases, the criterion used for evaluation is the tracking ability of the approximation to the exact aggregator function of economic theory.Many of the empirical and policy puzzles in monetary economics disappear when simple sum monetary aggregates are replaced by index numbers that are coherent with theory. Simple sum monetary aggregates became incoherent with theory, when monetary assets began paying interest and therefore could no longer be viewed as perfect substitutes. This is a useful tool to those associated with economics departments within universities, business schools, central banks and federal governments, financial institutions including underwriters, bankers and stockbrokers. |
| 588 ## - SOURCE OF DESCRIPTION NOTE |
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| Source of description note |
Description based on print version record. |
| 650 #0 - SUBJECT ADDED ENTRY--TOPICAL TERM |
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| Topical term or geographic name entry element |
Index numbers (Economics) |
| 650 #0 - SUBJECT ADDED ENTRY--TOPICAL TERM |
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| Topical term or geographic name entry element |
Monetary policy. |
| 650 #0 - SUBJECT ADDED ENTRY--TOPICAL TERM |
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| Topical term or geographic name entry element |
Money supply. |
| 650 #7 - SUBJECT ADDED ENTRY--TOPICAL TERM |
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| Topical term or geographic name entry element |
Business & Economics |
| General subdivision |
Inflation. |
| Source of heading or term |
bisacsh |
| 650 #7 - SUBJECT ADDED ENTRY--TOPICAL TERM |
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| Topical term or geographic name entry element |
Business & Economics |
| General subdivision |
Econometrics. |
| Source of heading or term |
bisacsh |
| 650 #7 - SUBJECT ADDED ENTRY--TOPICAL TERM |
|---|
| Topical term or geographic name entry element |
Monetary economics. |
| Source of heading or term |
bicssc |
| 650 #7 - SUBJECT ADDED ENTRY--TOPICAL TERM |
|---|
| Topical term or geographic name entry element |
Finance. |
| Source of heading or term |
bicssc |
| 700 1# - ADDED ENTRY--PERSONAL NAME |
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| Personal name |
Barnett, William A. |
| 700 1# - ADDED ENTRY--PERSONAL NAME |
|---|
| Personal name |
Serletis, Apostolos. |
| 776 1# - ADDITIONAL PHYSICAL FORM ENTRY |
|---|
| International Standard Book Number |
9780444501196 |
| 830 #0 - SERIES ADDED ENTRY--UNIFORM TITLE |
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| Uniform title |
Contributions to economic analysis ; |
| Volume/sequential designation |
v. 245. |
| 856 40 - ELECTRONIC LOCATION AND ACCESS |
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| Uniform Resource Identifier |
<a href="https://www.emerald.com/insight/publication/doi/10.1108/S0573-8555(2000)245">https://www.emerald.com/insight/publication/doi/10.1108/S0573-8555(2000)245</a> |
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