The Demand for Money: Theories, Evidence, and ProblemsHarper & Row, 1985 - 178 síður |
From inside the book
Niðurstöður 1 - 3 af 16
Síða 96
... expected inflation rate therein . Moreover , the measure in question is produced by market forces , and its reli- ability does not depend on any particular hypothesis about how inflation ex- pectations are formed . No matter how agents ...
... expected inflation rate therein . Moreover , the measure in question is produced by market forces , and its reli- ability does not depend on any particular hypothesis about how inflation ex- pectations are formed . No matter how agents ...
Síða 133
... EXPECTED INFLATION The significance of the expected rate of inflation as a factor influencing the demand for money is well established . Although Cagan's ( 1956 ) study of Euro- pean hyperinflations has been criticized by Jacobs ( 1975 ) ...
... EXPECTED INFLATION The significance of the expected rate of inflation as a factor influencing the demand for money is well established . Although Cagan's ( 1956 ) study of Euro- pean hyperinflations has been criticized by Jacobs ( 1975 ) ...
Síða 156
... inflation rate - the percent- age rate of change of the price level - always equals the percentage rate of growth of ... expected rate of inflation , and if the expected rate of inflation varies with the current rate , it is not valid to ...
... inflation rate - the percent- age rate of change of the price level - always equals the percentage rate of growth of ... expected rate of inflation , and if the expected rate of inflation varies with the current rate , it is not valid to ...
Efni
The Demand for Money in a Fixed Price Level | 8 |
Price Flexibility in the Macromodel | 22 |
A Brief Overview | 39 |
Höfundarréttur | |
10 aðrir hlutar ekki sýndir
Aðrar útgáfur - View all
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