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William A. Barnett, Apostolos Serletis, A. Serletis

The Theory of Monetary Aggregation

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ISBN: 0444501193
Издательство: North-Holland
Hardbound. In recent years, there has been renewed interest in index number and aggregation theory, since the two previously divergent fields have been successfully unified. The underlying aggregator functions which are weakly separable subfunctions of utility and production functions, are the building blocks of economic theory, and the derivation of index numbers based upon their ability to track those building blocks is now called the "economic theory of index numbers." William Barnett, the coeditor of this volume, introduced modern economic index number theory into monetary economics. His merger of economic index number theory, with monetary theory was based upon the use of Diewert's approach to producing "superlative" nonparametric approximationsto the theoretically exact aggregator functions. This book comprises a focussed and unified collection of Barnett's most important publications in this area. The papers in the book have been organized
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