The Demand for Money: Theories, Evidence, and ProblemsHarper & Row, 1985 - 178 síður |
From inside the book
Niðurstöður 1 - 3 af 39
Síða 32
... behavior of real income , interest rates , the general price level ( and other factors we shall discuss later ) have a vital bearing on the economic well - being of any community . Because , in the case of money , as with anything else ...
... behavior of real income , interest rates , the general price level ( and other factors we shall discuss later ) have a vital bearing on the economic well - being of any community . Because , in the case of money , as with anything else ...
Síða 77
... behavior , and these involve costs measured in terms of time and trouble , it may be that the aggregate demand for money varies with the level of real wages ruling in the economy ; and if the riskiness of bonds influences individual ...
... behavior , and these involve costs measured in terms of time and trouble , it may be that the aggregate demand for money varies with the level of real wages ruling in the economy ; and if the riskiness of bonds influences individual ...
Síða 160
... behavior of expectations about the time path of prices and output plays a key role in the mechanisms linking the supply of money to the variables it influences . Moreover , the rational expecta- tions idea suggests that the very behavior ...
... behavior of expectations about the time path of prices and output plays a key role in the mechanisms linking the supply of money to the variables it influences . Moreover , the rational expecta- tions idea suggests that the very behavior ...
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