The Demand for Money: Theories, Evidence, and ProblemsHarper & Row, 1985 - 178 síður |
From inside the book
Niðurstöður 1 - 3 af 74
Síða 10
... relationship between the value of the rate of interest and the equilibrium level of income , and it is easy enough to make this relationship explicit . Figure 2.2 ( a ) shows the relationship between investment and the rate of interest ...
... relationship between the value of the rate of interest and the equilibrium level of income , and it is easy enough to make this relationship explicit . Figure 2.2 ( a ) shows the relationship between investment and the rate of interest ...
Síða 53
... relationship with respect to the rate of interest . Let us look at this more closely . For the individ- ual the choice is to hold his wealth either in money or bonds , depending on what he expects to happen to the rate of interest ...
... relationship with respect to the rate of interest . Let us look at this more closely . For the individ- ual the choice is to hold his wealth either in money or bonds , depending on what he expects to happen to the rate of interest ...
Síða 74
... relationship between the level of wealth and the demand for bonds , the possibility of a perverse relationship between the demand for money and the rate of interest seems to be virtually ruled out . It should be stressed here that we ...
... relationship between the level of wealth and the demand for bonds , the possibility of a perverse relationship between the demand for money and the rate of interest seems to be virtually ruled out . It should be stressed here that we ...
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