The Demand for Money: Theories, Evidence, and ProblemsHarper & Row, 1985 - 178 síður |
From inside the book
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Síða 48
... money an individual agent would wish to hold given that the desire to conduct transactions makes money holding desirable at all . Their approach emphasizes the choice - making behav- ior of individuals and is much more akin to an ...
... money an individual agent would wish to hold given that the desire to conduct transactions makes money holding desirable at all . Their approach emphasizes the choice - making behav- ior of individuals and is much more akin to an ...
Síða 92
... money holding is planned is a short one , so that a short rate of interest prob- ably provides an appropriate measure of the opportunity cost of holding money . Nevertheless , it has been pointed out by Laidler ( 1971 pp . 129–130 ) ...
... money holding is planned is a short one , so that a short rate of interest prob- ably provides an appropriate measure of the opportunity cost of holding money . Nevertheless , it has been pointed out by Laidler ( 1971 pp . 129–130 ) ...
Síða 154
... money holdings to income to fall as a result of this . However , at the same time the level of wages will increase , and , as the opportunity cost of time thus rises , one would expect the volume of money holding associated with any ...
... money holdings to income to fall as a result of this . However , at the same time the level of wages will increase , and , as the opportunity cost of time thus rises , one would expect the volume of money holding associated with any ...
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