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

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.