資源描述:
《Monetary Theory and Policy(2e) 》由會員上傳分享,免費在線閱讀,更多相關(guān)內(nèi)容在學(xué)術(shù)論文-天天文庫。
1、ThispageintentionallyleftblankMonetaryTheoryandPolicySecondEditionCarlE.WalshTheMITPressCambridge,MassachusettsLondon,England62003MassachusettsInstituteofTechnologyAllrightsreserved.Nopartofthisbookmaybereproducedinanyformbyanyelectronicormechanicalmeans(includingphotocopy
2、ing,recording,orinformationstorageandretrieval)withoutpermissioninwritingfromthepublisher.ThisbookwassetinTimesNewRomanon3B2byAscoTypesetters,HongKongandwasprintedandboundintheUnitedStatesofAmerica.LibraryofCongressCataloging-in-PublicationDataWalsh,CarlE.Monetarytheoryand
3、policy/CarlE.Walsh.—2nded.p.cm.Includesbibliographicalreferencesandindex.ISBN0-262-23231-61.Monetarypolicy.2.Money.I.Title.HG230.3.W352003332.406—dc212002044919ContentsPrefacexviiIntroduction11EmpiricalEvidenceonMoney,Prices,andOutput91.1Introduction91.2SomeBasicCorrelatio
4、ns91.2.1Long-RunRelationships91.2.2Short-RunRelationships121.3EstimatingtheE¤ectofMoneyonOutput151.3.1TheEvidenceofFriedmanandSchwartz151.3.2GrangerCausality201.3.3PolicyUses211.3.4TheVARApproach241.3.5StructuralEconometricModels351.3.6AlternativeApproaches371.4Summary402M
5、oney-in-the-UtilityFunction432.1Introduction432.2TheBasicMIUModel452.2.1Steady-StateEquilibrium512.2.2TheInterestElasticityofMoneyDemand562.2.3Limitations592.3TheWelfareCostofIn?ation592.4Extensions642.4.1InterestonMoney642.4.2Nonsuperneutrality652.5DynamicsinanMIUModel672
6、.5.1TheSteadyState702.5.2TheLinearApproximation722.5.3Calibration742.5.4SimulationResults762.6Summary802.7Appendix:SolvingfortheDynamicsintheMIUModel802.7.1TheDecisionProblem802.7.2FunctionalForms83viiiContents2.7.3TheSteadyState842.7.4TheLinearApproximation852.7.5SolvingL
7、inearRationalExpectationsModelswithForward-LookingVariables882.8Problems903MoneyandTransactions953.1Introduction953.2ShoppingTimeModels963.3CIAModels1003.3.1TheCertaintyCase1013.3.2AStochasticCIAModel1113.4OtherApproaches1183.4.1RealResourceCosts1183.4.2Search1203.5Summary
8、1263.6Appendix:TheCIAApproximation1273.6.1TheBasicDecisionProblem1273.6.2TheSteadyState12