The Demand for Money: Theories, Evidence, and ProblemsHarper & Row, 1985 - 178 síður |
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Niðurstöður 1 - 3 af 89
Síða 101
... problem has been ignored . The fact that parameter estimates obtained for the demand function when the problem has been ignored tend to be very much like those generated in studies where it has been explicitly addressed certainly ...
... problem has been ignored . The fact that parameter estimates obtained for the demand function when the problem has been ignored tend to be very much like those generated in studies where it has been explicitly addressed certainly ...
Síða 102
... problem is not peculiar to the application of regres- sion analysis , which takes it for granted that some residual fluctuations of the dependent variable of the relationship being studied are unexplained and should be attributed to an ...
... problem is not peculiar to the application of regres- sion analysis , which takes it for granted that some residual fluctuations of the dependent variable of the relationship being studied are unexplained and should be attributed to an ...
Síða 114
... problem , simultaneity , autocorrelated residuals , or of anything else . Moreover , the problems we have discussed in this chapter , though always important in principle , may not always be important in practice . If one main- tains ...
... problem , simultaneity , autocorrelated residuals , or of anything else . Moreover , the problems we have discussed in this chapter , though always important in principle , may not always be important in practice . If one main- tains ...
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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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