The Demand for Money: Theories, Evidence, and ProblemsHarper & Row, 1985 - 178 síður |
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Síða 82
... definition of money used to test transactions demand theories against recent data . However , such accounts are more ... money ” in a meaningful sense . Or again , in Canada certain classes of deposits at trust companies ( institutions ...
... definition of money used to test transactions demand theories against recent data . However , such accounts are more ... money ” in a meaningful sense . Or again , in Canada certain classes of deposits at trust companies ( institutions ...
Síða 84
... definitions of money have been employed in the course of testing theories of the demand for money . As far as the United States economy is concerned , the bulk of the work carried out down to the mid - 1970s confined the definition of money ...
... definitions of money have been employed in the course of testing theories of the demand for money . As far as the United States economy is concerned , the bulk of the work carried out down to the mid - 1970s confined the definition of money ...
Síða 139
... money to changes in measured income and changes in permanent income . A short rate of interest was in- cluded , and both broad and narrow definitions of money were employed . With either definition of money , wealth and permanent income ...
... money to changes in measured income and changes in permanent income . A short rate of interest was in- cluded , and both broad and narrow definitions of money were employed . With either definition of money , wealth and permanent income ...
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