The Demand for Money: Theories, Evidence, and ProblemsHarper & Row, 1985 - 178 síður |
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Niðurstöður 1 - 3 af 60
Síða 25
... money supply is Mso and the price level Poм , ) and the curve LM , on the assumption that the money supply is Mso but the price level is at a lower level P1 ( M ) . For a given / S curve , the AD curve implied by these LM curves is ...
... money supply is Mso and the price level Poм , ) and the curve LM , on the assumption that the money supply is Mso but the price level is at a lower level P1 ( M ) . For a given / S curve , the AD curve implied by these LM curves is ...
Síða 112
... money supply does vary 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 ...
... money supply does vary 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 ...
Síða 158
... money supply . In short , when the money supply is changed in a model such as this , income initially changes by more than the ultimate amount . The effect of introducing an expectations lag into the demand - for - money func- tion is ...
... money supply . In short , when the money supply is changed in a model such as this , income initially changes by more than the ultimate amount . The effect of introducing an expectations lag into the demand - for - money func- tion is ...
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