New Approaches to Monetary Economics: Proceedings of the Second International Symposium in Economic Theory and Econometrics

Paperback (Print)
Buy New
Buy New from
Used and New from Other Sellers
Used and New from Other Sellers
from $47.48
Usually ships in 1-2 business days
(Save 20%)
Other sellers (Paperback)
  • All (9) from $47.48   
  • New (5) from $47.48   
  • Used (4) from $55.60   


New Approaches to Monetary Economics brings together presentations of innovative research in the field of monetary economics. Much of this research develops and applies approaches to modelling financial intermediation, aggregate fluctuations, monetary aggregation and transactions-motivated monetary equilibrium. The contents of this volume comprise the proceedings of the second in a conference series entitled International Symposia in Economic Theory and Econometrics. This conference was held in 1985 at the IC2 Institute at the University of Texas at Austin. The symposia in this series are sponsored by the IC2 Institute and the RGK Foundation. New Approaches to Monetary Economics, edited by Professors William A. Barnett and Kenneth J. Singleton, consists of five parts. Part I examines transactions-motivated monetary holding in general equilibrium; Part II, financial intermediation; Part III, monetary aggregation theory, Part IV, issues in aggregate fluctuation; and Part V, theoretical issues in the foundations of monetary economics and macroeconomics.

Read More Show Less

Product Details

Table of Contents

Editors' introduction; List of contributors; Part I. Transactions motivated monetary holdings in general equilibrium; 1. Monetary dynamics with proportional transaction costs and fixed payment periods Sanford J. Grossman; 2. A multiple means-of-payment model Edward C. Prescott; 3. Credit policy and the price level in a cash-in-advance economy Michael Woodford; Part II. Financial Intermediation; 4. Preference shocks, liquidity and central bank policy Sudipto Bhattacharya and Douglas Gale; 5. Banking and macroeconomic equilibrium Ben Bernanke and Mark Gertler; Part III. Monetary aggregation theory; 6. The microeconomic theory of monetary aggregation William A. Barnett; 7. Monetary asset separability tests Apostolos Serletis; 8. Money demand in open economies: a Divisia application to the U.S. case Jaime Marquez; 9. Aggregation of monetary goods: a production model Diana Hancock; 10. Money in the utility function: an empirical implementation James M. Poterba and Julio J. Rotemberg; 11. Comment on papers in Part III William A. Barnett; Part IV: Issues on aggregate fluctuations; 12. Asset prices in a time-series model with disparately informed, competitive traders Kenneth J. Singleton; 13. Nominal surprises, real factors and propagation mechanisms Robert G. King and Charles I. Plosser; 14. A rational expectations framework for short-run policy analysis Christopher A. Sims; Part V: Theoretical issues in the foundations of monetary economics and macroeconomics; 15. Pricing and the distribution of money holdings in a search economy, II Peter Diamond and Joel Yellin; 16. The optimal inflation rate in an overlapping-generations economy with land Bennett T. McCallum; 17. Some unsolved problems for monetary theory Neil Wallace; 18. Externalities associated with nominal price and wage rigidities John B. Taylor.

Read More Show Less

Customer Reviews

Be the first to write a review
( 0 )
Rating Distribution

5 Star


4 Star


3 Star


2 Star


1 Star


Your Rating:

Your Name: Create a Pen Name or

Barnes & Review Rules

Our reader reviews allow you to share your comments on titles you liked, or didn't, with others. By submitting an online review, you are representing to Barnes & that all information contained in your review is original and accurate in all respects, and that the submission of such content by you and the posting of such content by Barnes & does not and will not violate the rights of any third party. Please follow the rules below to help ensure that your review can be posted.

Reviews by Our Customers Under the Age of 13

We highly value and respect everyone's opinion concerning the titles we offer. However, we cannot allow persons under the age of 13 to have accounts at or to post customer reviews. Please see our Terms of Use for more details.

What to exclude from your review:

Please do not write about reviews, commentary, or information posted on the product page. If you see any errors in the information on the product page, please send us an email.

Reviews should not contain any of the following:

  • - HTML tags, profanity, obscenities, vulgarities, or comments that defame anyone
  • - Time-sensitive information such as tour dates, signings, lectures, etc.
  • - Single-word reviews. Other people will read your review to discover why you liked or didn't like the title. Be descriptive.
  • - Comments focusing on the author or that may ruin the ending for others
  • - Phone numbers, addresses, URLs
  • - Pricing and availability information or alternative ordering information
  • - Advertisements or commercial solicitation


  • - By submitting a review, you grant to Barnes & and its sublicensees the royalty-free, perpetual, irrevocable right and license to use the review in accordance with the Barnes & Terms of Use.
  • - Barnes & reserves the right not to post any review -- particularly those that do not follow the terms and conditions of these Rules. Barnes & also reserves the right to remove any review at any time without notice.
  • - See Terms of Use for other conditions and disclaimers.
Search for Products You'd Like to Recommend

Recommend other products that relate to your review. Just search for them below and share!

Create a Pen Name

Your Pen Name is your unique identity on It will appear on the reviews you write and other website activities. Your Pen Name cannot be edited, changed or deleted once submitted.

Your Pen Name can be any combination of alphanumeric characters (plus - and _), and must be at least two characters long.

Continue Anonymously

    If you find inappropriate content, please report it to Barnes & Noble
    Why is this product inappropriate?
    Comments (optional)