The Demand for Money: Theories, Evidence, and ProblemsHarper & Row, 1985 - 178 síður |
From inside the book
Niðurstöður 1 - 3 af 27
Síða 68
... tion of the difference between expenditures and receipts is simply the difference between the mean of the two separate distributions . Given our assumption that , on average , expenditures and receipts balance , this difference will be ...
... tion of the difference between expenditures and receipts is simply the difference between the mean of the two separate distributions . Given our assumption that , on average , expenditures and receipts balance , this difference will be ...
Síða 119
... tion affects the demand for money . As to the role of the price level , a consider- able body of evidence gives us little reason to doubt the empirical relevance of the proposition that the demand for nominal balances is proportional to ...
... tion affects the demand for money . As to the role of the price level , a consider- able body of evidence gives us little reason to doubt the empirical relevance of the proposition that the demand for nominal balances is proportional to ...
Síða 141
... tion . More recently , Feige's results have received support from Kohli ( 1981 ) who simultaneously estimated a consumption function and a demand - for- money function for Canada using quarterly data for the period 1955–1976 . He found ...
... tion . More recently , Feige's results have received support from Kohli ( 1981 ) who simultaneously estimated a consumption function and a demand - for- money function for Canada using quarterly data for the period 1955–1976 . He found ...
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