The Demand for Money: Theories, Evidence, and ProblemsHarper & Row, 1985 - 178 síður |
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Síða 82
... banks might be regarded as generally acceptable and readily avail- able means of exchange . But the availability of automatic overdrafts to bank customers has led some to argue that unused overdraft limits also constitute “ money ” in a ...
... banks might be regarded as generally acceptable and readily avail- able means of exchange . But the availability of automatic overdrafts to bank customers has led some to argue that unused overdraft limits also constitute “ money ” in a ...
Síða 84
... banks , " old M1 , " as it is now called or currency plus demand deposits plus time deposits at commercial banks , " old M2 . " There was a good reason for so limiting the definition of money , for in addition to clarifying the theory ...
... banks , " old M1 , " as it is now called or currency plus demand deposits plus time deposits at commercial banks , " old M2 . " There was a good reason for so limiting the definition of money , for in addition to clarifying the theory ...
Síða 93
... banks - sometimes sanctioned by government regulation— have resulted in demand deposits bearing no explicit interest , this is not univer- sally the case . It was only in 1933 that it became illegal for banks in the United States to pay ...
... banks - sometimes sanctioned by government regulation— have resulted in demand deposits bearing no explicit interest , this is not univer- sally the case . It was only in 1933 that it became illegal for banks in the United States to pay ...
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