The Demand for Money: Theories, Evidence, and ProblemsHarper & Row, 1985 - 178 síður |
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Síða 130
... United King- dom over the period 1900-1964 seem to be similar to those implied by United States data and again show little variation between subperiods . Similarly , Friedman and Schwartz ( 1982 ) fitted the same demand - for - money ...
... United King- dom over the period 1900-1964 seem to be similar to those implied by United States data and again show little variation between subperiods . Similarly , Friedman and Schwartz ( 1982 ) fitted the same demand - for - money ...
Síða 144
... United States is confirmed by several studies of quarterly data ; see , for exam- ple , Shapiro ( 1973 ) and Goldfeld ( 1973 ) for the United States and Laidler and Parkin ( 1970 ) and the Bank of England ( 144 THE EMPIRICAL EVIDENCE ON ...
... United States is confirmed by several studies of quarterly data ; see , for exam- ple , Shapiro ( 1973 ) and Goldfeld ( 1973 ) for the United States and Laidler and Parkin ( 1970 ) and the Bank of England ( 144 THE EMPIRICAL EVIDENCE ON ...
Síða 169
... United States - Yet Again , " in K. Brun- ner and A. H. Meltzer ( eds . ) , On The State of Macroeconomics , Carnegie - Rochester Conference Series in Public Policy , Amsterdam , North Holland Vol . 12 . 1981. Introduction to ...
... United States - Yet Again , " in K. Brun- ner and A. H. Meltzer ( eds . ) , On The State of Macroeconomics , Carnegie - Rochester Conference Series in Public Policy , Amsterdam , North Holland Vol . 12 . 1981. Introduction to ...
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