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Spatial analysis of interacting economies : the role of entropy and information theory in spatial input-output modeling

Author: David F Batten
Publisher: Boston : Kluwer-Nijhoff Pub., ©1983.
Series: Studies in applied regional science.
Edition/Format:   Print book : EnglishView all editions and formats
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I attempted to write the book in a manner that would simultaneously be generally comprehensible to students (particularly at the graduate level) and to practitioners desiring a relatively thorough  Read more...

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Document Type: Book
All Authors / Contributors: David F Batten
ISBN: 0898381177 9780898381177
OCLC Number: 8629661
Notes: Includes index.
Description: pages cm.
Contents: I Introduction to Monetary Measurement.- 1 The Nature of Monetary Measurement.- What Is Money?.- What Is the Impact of Monetary Policy?.- The Varying Conceptions of a Monetary Indicator.- Indicators of the "Thrust" of Monetary Policy.- Indicators in Relation to Economic Activity.- Unbiased Indicators of Monetary Policy.- A Brief Digression on the Issue of Observability.- Summary.- 2. The Neutralized Money Stock: A Reconstruction.- Methodology for Constructing the Neutralized Money Stock.- Data and Methods for the Construction Process.- Empirical Derivation of the Neutralized Money Stock.- Summary.- 3 Ml* and M2*: Dynamic Monetary Indicators from a Simultaneous Equation Model.- The Neutralized Money Stock: An Initial Critique.- Noncyclical Indicators: An Alternative Approach.- An Overview of the Monetary Sector Model.- The Component of the Money Supply Identity.- Other Relationships from the Monetary Sector.- A Linkage to the Real Sector.- Data and Methodology for Model Estimation.- Construction of the Noncyclical Indicators.- Summary.- II Optimality of the Monetary Indicator.- 4 On the Biasedness of Observable Monetary Indicators.- A Simple Framework for Indicator Selection.- The Stance of Monetary Policy for 1953-1975.- The Countercyclical Performance of Monetary Policy.- "Unbiased" and Endogenous Monetary Indicators: A Comparison.- Summary.- 5 Optimality in the Choice of an Unbiased Monetary Indicator.- Theoretical Evidence Regarding the Optimal Unbiased Indicator.- Causality Approaches for the Empirical Analysis of the Indicator Choice Issue.- Empirical Evidence Regarding the Optimal Monetary Indicator.- Summary.- III The Use of Monetary Indicators: Applications and Perspectives.- 6 Applications of the Optimal Monetary Indicator in Policy Analysis.- Actual Policy and Intended Policy: An Appraisal.- Lags in the Impact of Countercyclical Monetary Policy: A Brief Overview.- Monetary Policy, Fiscal Policy, and the St. Louis Equation: A Consistent Assessment.- The Effective Federal Reserve Reaction to the State of the Economy: A Brief Synopsis.- Summary.- 7 A Perspective on Monetary Measurement.- Issues in Monetary Measurement.- Future Directions in Monetary Measurement.- Name Index.
Series Title: Studies in applied regional science.
Responsibility: David F. Batten.

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