The Demand for Money: Theories, Evidence, and ProblemsHarper & Row, 1985 - 178 síður |
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Síða 82
... money used to test transactions demand theories against recent data . However , such accounts are more expen- sive to transfer than demand deposits , and it is possible to argue plausibly that they do not really constitute " transaction ...
... money used to test transactions demand theories against recent data . However , such accounts are more expen- sive to transfer than demand deposits , and it is possible to argue plausibly that they do not really constitute " transaction ...
Síða 83
... deposits at commer- cial banks , deposits at mutual savings banks , and savings and loan association shares are , in this sense , just as much “ money ” in the United States as are their equivalents in ... DEMAND - FOR - MONEY FUNCTION 83.
... deposits at commer- cial banks , deposits at mutual savings banks , and savings and loan association shares are , in this sense , just as much “ money ” in the United States as are their equivalents in ... DEMAND - FOR - MONEY FUNCTION 83.
Síða 93
... deposits and such , and their equivalents in other countries explicitly bear interest ; and variations in the rate of return they yield ought to influence the demand for ... DEMAND - FOR - MONEY FUNCTION 93 The Own Rate of Return on Money.
... deposits and such , and their equivalents in other countries explicitly bear interest ; and variations in the rate of return they yield ought to influence the demand for ... DEMAND - FOR - MONEY FUNCTION 93 The Own Rate of Return on Money.
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