The Demand for Money: Theories, Evidence, and ProblemsHarper & Row, 1985 - 178 síður |
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Síða 62
... costs " of transacting . When the brokerage - fee concept is interpreted in this very general way , suspicions that it is unrealistic to treat its value as being independent of the value of the transfer made , rather than being related ...
... costs " of transacting . When the brokerage - fee concept is interpreted in this very general way , suspicions that it is unrealistic to treat its value as being independent of the value of the transfer made , rather than being related ...
Síða 65
... brokerage fee , but in all other months he will incur such a fee . The proportion of months in which he incurs a brokerage fee times the brokerage fee gives his average monthly outlay for such costs . Where C ( M ) is the average brokerage- ...
... brokerage fee , but in all other months he will incur such a fee . The proportion of months in which he incurs a brokerage fee times the brokerage fee gives his average monthly outlay for such costs . Where C ( M ) is the average brokerage- ...
Síða 66
... brokerage fee times the proportion of months in which the amount of cash he needs to make good an excess of expenditure over income falls between M and M + 1 . This saving in brokerage fees is not , however , obtained without cost . An ...
... brokerage fee times the proportion of months in which the amount of cash he needs to make good an excess of expenditure over income falls between M and M + 1 . This saving in brokerage fees is not , however , obtained without cost . An ...
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