The Demand for Money: Theories, Evidence, and ProblemsHarper & Row, 1985 - 178 síður |
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Síða 54
... FRIEDMAN AND THE MODERN QUANTITY THEORY Keynes's work on the demand for money represents a development of one line ... Friedman ( 1956 ) , brings this aspect of Marshall and Pigou's work to the fore- front and makes the general theory of ...
... FRIEDMAN AND THE MODERN QUANTITY THEORY Keynes's work on the demand for money represents a development of one line ... Friedman ( 1956 ) , brings this aspect of Marshall and Pigou's work to the fore- front and makes the general theory of ...
Síða 55
... Friedman begins by postulating that money , like any other asset , yields a flow of services to the agent who holds ... Friedman's analysis is best regarded as an extension of that of Keynes . However , Friedman's empirical views are ...
... Friedman begins by postulating that money , like any other asset , yields a flow of services to the agent who holds ... Friedman's analysis is best regarded as an extension of that of Keynes . However , Friedman's empirical views are ...
Síða 171
... Friedman ( ed . ) , Studies in the Quantity Theory of Money ( Chicago : University of Chicago Press ) . Shapiro , A. A. 1973. “ Inflation , Lags , and the Demand for Money , " International Eco- nomic Review , 14 ( February ) , 81-96 ...
... Friedman ( ed . ) , Studies in the Quantity Theory of Money ( Chicago : University of Chicago Press ) . Shapiro , A. A. 1973. “ Inflation , Lags , and the Demand for Money , " International Eco- nomic Review , 14 ( February ) , 81-96 ...
Efni
The Demand for Money in a Fixed Price Level | 8 |
Price Flexibility in the Macromodel | 22 |
A Brief Overview | 39 |
Höfundarréttur | |
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Common terms and phrases
adjustment aggregate demand analysis approach argued assets assumption behavior brokerage fee cash chapter consumption consumption function cost of holding definition of money demand curve demand deposits demand for money demand function demand-for demand-for-money function discussed economists effect empirical equal Equation evidence exogenous expected inflation factors Figure Friedman given holding money hypothesis implications important increase individual agent inflation rate interest rate involved lagged Laidler level of income level of real liquidity trap LM curve long-run M₁ macroeconomic matter measured money demanded money function money holding money supply nominal money nonhuman wealth opportunity cost output P₁ period permanent income precautionary balances precautionary demand price level problem proportion quantity of money rate of interest rate of return real income relationship relevant scale variable shift short-run speculative demand studies supply and demand theory tion transactions and precautionary transactions demand volume of transactions wealth effect Y₁ yield