The Demand for Money: Theories, Evidence, and ProblemsHarper & Row, 1985 - 178 síður |
From inside the book
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Síða vii
... Implications of the Evidence for Theories of the Demand for Money 152 Implications of the Evidence for Macroeconomics 155 Interpreting Recent Instability in the Demand - for - Money Function 158 Concluding Comment 161 Bibliography 163 ...
... Implications of the Evidence for Theories of the Demand for Money 152 Implications of the Evidence for Macroeconomics 155 Interpreting Recent Instability in the Demand - for - Money Function 158 Concluding Comment 161 Bibliography 163 ...
Síða 155
... IMPLICATIONS OF THE EVIDENCE FOR MACROECONOMICS Let us now turn to what we have learned about the macroeconomic model set out in Part I of this book and its relevance to the actual economy . The evidence on the relationship between the ...
... IMPLICATIONS OF THE EVIDENCE FOR MACROECONOMICS Let us now turn to what we have learned about the macroeconomic model set out in Part I of this book and its relevance to the actual economy . The evidence on the relationship between the ...
Síða 161
... implications of the rational expec- tations notion for their stability and predictability has been cast in terms of empirical problems that have been encountered with data generated by the 1970s and early 1980s . However , the ...
... implications of the rational expec- tations notion for their stability and predictability has been cast in terms of empirical problems that have been encountered with data generated by the 1970s and early 1980s . However , the ...
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