The Demand for Money: Theories, Evidence, and ProblemsHarper & Row, 1985 - 178 síður |
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Síða 60
... period , say per month.2 Suppose that this agent must spread out his purchases over time , and for the sake of simplicity in the analysis also suppose that the whole of his receipts are spent at a constant rate over the period . Then ...
... period , say per month.2 Suppose that this agent must spread out his purchases over time , and for the sake of simplicity in the analysis also suppose that the whole of his receipts are spent at a constant rate over the period . Then ...
Síða 71
... 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 , there is no question of money either earning a ...
... 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 , there is no question of money either earning a ...
Síða 137
... period 1900–1965 ( a little shorter than Meltzer's ) and , with a different specification for the rest of the function , nevertheless obtained similar results on the role of the price level . A variation of such a test is to take an ...
... period 1900–1965 ( a little shorter than Meltzer's ) and , with a different specification for the rest of the function , nevertheless obtained similar results on the role of the price level . A variation of such a test is to take an ...
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
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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