The Demand for Money: Theories, Evidence, and ProblemsHarper & Row, 1985 - 178 síður |
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Síða 100
... demand curve . ( b ) Only the demand curve shifts , so that observations outline the supply curve . ( c ) Both ... function nor a demand function . X is the dependent variable . apparatus used in Figure 8.2 . To begin with , if the ...
... demand curve . ( b ) Only the demand curve shifts , so that observations outline the supply curve . ( c ) Both ... function nor a demand function . X is the dependent variable . apparatus used in Figure 8.2 . To begin with , if the ...
Síða 101
... demand curves to shift and whether or not they vary independently of one another . If we apply these principles to the matter of estimating a demand - for - money function , their implications are reasonably clear . Suppose that we ...
... demand curves to shift and whether or not they vary independently of one another . If we apply these principles to the matter of estimating a demand - for - money function , their implications are reasonably clear . Suppose that we ...
Síða 126
... demand function . ECONOMETRIC ISSUES Now most of the studies cited above either used real - money balances or the velocity of circulation of money as their dependent variable and deal with long periods of data . Hence the arguments ...
... demand function . ECONOMETRIC ISSUES Now most of the studies cited above either used real - money balances or the velocity of circulation of money as their dependent variable and deal with long periods of data . Hence the arguments ...
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