Abstract
In Chapter 12 we showed the steps that are normally taken to reduce a very general consumer choice problem to a monetary asset choice problem. At this point, we are prepared to proceed and develop the microeconomic- and aggregation-theoretic literature on the demand for money and monetary assets. This is achieved by conducting the analysis within a microtheoretical framework, making use of a number of theoretical advances in a set of related theories — revealed preference, index numbers, duality, separability, and demand systems.
This is a preview of subscription content, log in via an institution.
Buying options
Tax calculation will be finalised at checkout
Purchases are for personal use only
Learn about institutional subscriptionsPreview
Unable to display preview. Download preview PDF.
References
For a good exposition of alternative forms of separability and their behavioral implications, see S. Pudney (1981) .
Blackorby, Primont, and Russell (1978) should be consulted as a definite source concerning separability, duality, and functional structure.
For applications of the nonparametric approach to monetary demand analysis, see James Swofford and Gerald Whitney (1986, 1987, 1988, 1994), Fisher (1989, Chapter 1), Fisher and Adrian Fleissig (1997), and Serletis and Ricardo Rangel-Ruiz (2001).
Author information
Authors and Affiliations
Rights and permissions
Copyright information
© 2001 Springer Science+Business Media New York
About this chapter
Cite this chapter
Serletis, A. (2001). The Nonparametric Approach to the Demand for Monetary Assets. In: The Demand for Money. Springer, Boston, MA. https://doi.org/10.1007/978-1-4757-3320-4_15
Download citation
DOI: https://doi.org/10.1007/978-1-4757-3320-4_15
Publisher Name: Springer, Boston, MA
Print ISBN: 978-1-4757-3322-8
Online ISBN: 978-1-4757-3320-4
eBook Packages: Springer Book Archive