The Demand for Money: Theories, Evidence, and ProblemsHarper & Row, 1985 - 178 síður |
From inside the book
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Síða 40
... for so long as it also satisfies the other criteria mentioned above , a theory is " good " if it passes empirical tests better than some other theory and " bad ... to 40 THEORIES OF THE DEMAND FOR MONEY Alternative Theoretical Approaches.
... for so long as it also satisfies the other criteria mentioned above , a theory is " good " if it passes empirical tests better than some other theory and " bad ... to 40 THEORIES OF THE DEMAND FOR MONEY Alternative Theoretical Approaches.
Síða 54
... a doctrine to be compared carefully with the empirical evidence . Although the liquidity - trap doctrine is the most striking of the implica- tions to be derived from Keynes's work on the subject of the demand for money , it is not the only ...
... a doctrine to be compared carefully with the empirical evidence . Although the liquidity - trap doctrine is the most striking of the implica- tions to be derived from Keynes's work on the subject of the demand for money , it is not the only ...
Síða 119
... of the effects of the higher inflation rates experienced since then and has found the expected inflation rate to be important in the demand - for - money function . In any event , inflation has had a marked effect on nominal interest rates ...
... of the effects of the higher inflation rates experienced since then and has found the expected inflation rate to be important in the demand - for - money function . In any event , inflation has had a marked effect on nominal interest rates ...
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