The Demand for Money: Theories, Evidence, and ProblemsHarper & Row, 1985 - 178 síður |
From inside the book
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Síða 47
... APPROACH Fisher's approach to monetary economics has much to recommend it . By pos- tulating that the demand for money arises from the need of individuals to trade with one another , it links the demand for money to the volume of trade ...
... APPROACH Fisher's approach to monetary economics has much to recommend it . By pos- tulating that the demand for money arises from the need of individuals to trade with one another , it links the demand for money to the volume of trade ...
Síða 48
... approach points . The framework that suggests itself here is one in which con- straints and opportunity costs are the central factors , interacting with individ- uals ' tastes . In the Cambridge approach the principal determinant of ...
... approach points . The framework that suggests itself here is one in which con- straints and opportunity costs are the central factors , interacting with individ- uals ' tastes . In the Cambridge approach the principal determinant of ...
Síða 59
... approach , they discussed the problem in terms of the behavior of a typical individual , implicitly assuming that ... approach to the problem , and it is his analysis that is followed here . A geometric exposition of the model can be ...
... approach , they discussed the problem in terms of the behavior of a typical individual , implicitly assuming that ... approach to the problem , and it is his analysis that is followed here . A geometric exposition of the model can be ...
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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Common terms and phrases
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