The Demand for Money: Theories, Evidence, and ProblemsHarper & Row, 1985 - 178 síður |
From inside the book
Niðurstöður 1 - 3 af 20
Síða 52
... individual agent at any particular moment either expects the rate to fall , in which case he anticipates capital gains as well as interest income from holding bonds and will definitely hold bonds , or he expects the rate to rise , in ...
... individual agent at any particular moment either expects the rate to fall , in which case he anticipates capital gains as well as interest income from holding bonds and will definitely hold bonds , or he expects the rate to rise , in ...
Síða 71
... individual agent who receives his income once per period and who saves . He must have some way of holding his savings between periods , so let the assets available to him be money and bonds . If we assume the price level to be constant ...
... individual agent who receives his income once per period and who saves . He must have some way of holding his savings between periods , so let the assets available to him be money and bonds . If we assume the price level to be constant ...
Síða 72
... individual agent's choice of how to allocate his wealth between money and bonds involves trading off expected wealth against risk . ual agent is indifferent . Each curve slopes upward to the right as a result of the assumption that ...
... individual agent's choice of how to allocate his wealth between money and bonds involves trading off expected wealth against risk . ual agent is indifferent . Each curve slopes upward to the right as a result of the assumption that ...
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