The Demand for Money: Theories, Evidence, and ProblemsHarper & Row, 1985 - 178 síður |
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Síða 33
... money function is particularly important . We have asserted in the preceding section of this chapter that over short ... money supply changes , but also of factors shifting the IS curve , such as fiscal policy and fluctuations in private ...
... money function is particularly important . We have asserted in the preceding section of this chapter that over short ... money supply changes , but also of factors shifting the IS curve , such as fiscal policy and fluctuations in private ...
Síða 126
... function , while his recently published work with Anna J. Schwartz [ Friedman and Schwartz ( 1982 ) ] on the role of money in U.S. and United Kingdom economies over the years 1867-1975 accords a sig- nificant role to the interest rate ...
... function , while his recently published work with Anna J. Schwartz [ Friedman and Schwartz ( 1982 ) ] on the role of money in U.S. and United Kingdom economies over the years 1867-1975 accords a sig- nificant role to the interest rate ...
Síða 143
... money was used , the value of d turned out to be clearly between these extremes . Though it fell in the same range when a broad defini- tion of money ... function . This conclusion gets further support from the work of B. Friedman ( 1978 ) ...
... money was used , the value of d turned out to be clearly between these extremes . Though it fell in the same range when a broad defini- tion of money ... function . This conclusion gets further support from the work of B. Friedman ( 1978 ) ...
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