The Demand for Money: Theories, Evidence, and ProblemsHarper & Row, 1985 - 178 síður |
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Niðurstöður 1 - 3 af 58
Síða 42
... argued that money does indeed per- form important services for its owners , even if such services are not of the kind that yield psychological satisfaction . Since , however , it has never proved neces- sary to investigate the nature of ...
... argued that money does indeed per- form important services for its owners , even if such services are not of the kind that yield psychological satisfaction . Since , however , it has never proved neces- sary to investigate the nature of ...
Síða 91
... arguments as to why either one is the appro- priate selection . On the one hand , it is argued that the long rate is better because it is more representative of the average rate of return on capital in the economy at any time , and ...
... arguments as to why either one is the appro- priate selection . On the one hand , it is argued that the long rate is better because it is more representative of the average rate of return on capital in the economy at any time , and ...
Síða 101
... argued , even where the problem has been ad- dressed , efforts to ensure that conditions under which the demand - for - money function is identified do in fact hold have been rather perfunctory . In the example given above , as they ...
... argued , even where the problem has been ad- dressed , efforts to ensure that conditions under which the demand - for - money function is identified do in fact hold have been rather perfunctory . In the example given above , as they ...
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