The Demand for Money: Theories, Evidence, and ProblemsHarper & Row, 1985 - 178 síður |
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Síða 25
... assumption that the money supply is Mso but the price level is at a lower level P1 ( M ) . For a given IS curve ... assumptions concerning the sensitivity of the demand for money to the rate of interest , and it should not surprise ...
... assumption that the money supply is Mso but the price level is at a lower level P1 ( M ) . For a given IS curve ... assumptions concerning the sensitivity of the demand for money to the rate of interest , and it should not surprise ...
Síða 28
... assumption that the capital stock is fixed . ( b ) Lò is the demand for labor as a function of the real wage and is the marginal product curve corresponding to the total product curve displayed in panel ( a ) . Ls is a supply curve of ...
... assumption that the capital stock is fixed . ( b ) Lò is the demand for labor as a function of the real wage and is the marginal product curve corresponding to the total product curve displayed in panel ( a ) . Ls is a supply curve of ...
Síða 70
... assumption that the composition of a portfolio is independent of its size , that the wealth elasticity of the demand for money and bonds is unity ; this assumption rules out the theoretically interesting possibility of a perverse ...
... assumption that the composition of a portfolio is independent of its size , that the wealth elasticity of the demand for money and bonds is unity ; this assumption rules out the theoretically interesting possibility of a perverse ...
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