The Demand for Money: Theories, Evidence, and ProblemsHarper & Row, 1985 - 178 síður |
From inside the book
Niðurstöður 1 - 3 af 18
Síða 9
... exogenous— that is , as a variable that may affect but is not affected by the other variables in the model . This income - expenditure subsystem of our model is in equilibrium when the level of expenditure in the economy , as determined ...
... exogenous— that is , as a variable that may affect but is not affected by the other variables in the model . This income - expenditure subsystem of our model is in equilibrium when the level of expenditure in the economy , as determined ...
Síða 45
... exogenous variable . Though not stated as such by Fisher , the foregoing argument is equiv- alent to the following ... exogenously given , and in equilibrium the demand for money must be equal to its supply . This can be written Md = k ...
... exogenous variable . Though not stated as such by Fisher , the foregoing argument is equiv- alent to the following ... exogenously given , and in equilibrium the demand for money must be equal to its supply . This can be written Md = k ...
Síða 112
... exogenously in the data being studied , for that reason alone ( 8.5 ) is misspecified , even if the transmission mechanism is appropriately cap- tured in one parameter ß3 . It may reasonably be pointed out that the assumption of an ...
... exogenously in the data being studied , for that reason alone ( 8.5 ) is misspecified , even if the transmission mechanism is appropriately cap- tured in one parameter ß3 . It may reasonably be pointed out that the assumption of an ...
Efni
The Role of the Demand Function | 3 |
Shifts of the LM and IS Curves | 13 |
Price Flexibility in the Macromodel | 22 |
Höfundarréttur | |
13 aðrir hlutar ekki sýndir
Aðrar útgáfur - View all
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