The Demand for Money: Theories, Evidence, and ProblemsHarper & Row, 1985 - 178 síður |
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Síða 129
... liquidity - trap hypothesis . Pifer applied this test , and a variation on it in which the interest rate rather than the quantity of money was treated as a dependent variable , to U.S. data for the period 1900-1958 and found no evidence ...
... liquidity - trap hypothesis . Pifer applied this test , and a variation on it in which the interest rate rather than the quantity of money was treated as a dependent variable , to U.S. data for the period 1900-1958 and found no evidence ...
Síða 130
... liquidity - trap hypothesis is of no empirical significance , rests on some degree of personal judgment . The liquidity - trap hypothesis is closely related to the proposition that the relationship between the demand for money and the ...
... liquidity - trap hypothesis is of no empirical significance , rests on some degree of personal judgment . The liquidity - trap hypothesis is closely related to the proposition that the relationship between the demand for money and the ...
Síða 131
... liquidity - trap hypothesis , comes from studies using a variety of data and tech- niques . Some of the tests cited above used a short rate of interest and a narrow definition of money , others used both broad and narrow money concepts ...
... liquidity - trap hypothesis , comes from studies using a variety of data and tech- niques . Some of the tests cited above used a short rate of interest and a narrow definition of money , others used both broad and narrow money concepts ...
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