The Demand for Money: Theories, Evidence, and ProblemsHarper & Row, 1985 - 178 síður |
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Síða 16
... [ Figure 2.7 ( b ) ] so that the IS curve shifts to the right as shown on Figure 2.7 ( c ) . A similar argu- ment obviously follows in reverse . If the level of government expenditure in- creases , again the level of aggregate expenditure ...
... [ Figure 2.7 ( b ) ] so that the IS curve shifts to the right as shown on Figure 2.7 ( c ) . A similar argu- ment obviously follows in reverse . If the level of government expenditure in- creases , again the level of aggregate expenditure ...
Síða 67
... Figure 6.2 is simply the right - hand side of the probability distribution depicted in Figure 6.1 with the probability variable on the vertical axis multiplied by the constant brokerage fee b . The point at which this curve crosses the ...
... Figure 6.2 is simply the right - hand side of the probability distribution depicted in Figure 6.1 with the probability variable on the vertical axis multiplied by the constant brokerage fee b . The point at which this curve crosses the ...
Síða 74
... Figure 6.6 ( a ) An indifference map that yields a higher demand for money at higher rates of interest . ( b ) An indifference map that yields the same demand for money at different rates of interest . held ; these possibilities are ...
... Figure 6.6 ( a ) An indifference map that yields a higher demand for money at higher rates of interest . ( b ) An indifference map that yields the same demand for money at different rates of interest . held ; these possibilities are ...
Efni
The Role of the Demand Function | 3 |
Shifts of the LM and IS Curves | 13 |
Price Flexibility in the Macromodel | 22 |
Höfundarréttur | |
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adjustment aggregate demand analysis approach argued assets banks behavior brokerage fee cash chapter consumption function cost of holding definition of money demand curve demand deposits demand for money demand function demand-for demand-for-money function discussed econometric economists effect elasticity of demand empirical Equation evidence exogenous expected inflation rate expenditure factors Figure Friedman holding money hypothesis important increase interest elasticity interest rate Laidler level of income level of real liquidity trap LM curve long-run M₁ macroeconomic matter money demanded money function money holding money supply nominal money nonhuman wealth opportunity cost P₁ parameters particular period permanent income precautionary demand predictions price level problem quantity of money rate of interest rate of return rational expectations real balances real income regression relationship relevant role scale variable shift short-run speculative demand studies supply and demand theory tion transactions and precautionary transactions demand United variations volume of transactions Y₁ yield