The Demand for Money: Theories, Evidence, and ProblemsHarper & Row, 1985 - 178 síður |
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Síða 55
... relevant variables to measure the opportunity cost of holding money . That wealth is the appropriate constraint on asset holding , and therefore on the demand for money , should go without saying , as it should that the rates of return ...
... relevant variables to measure the opportunity cost of holding money . That wealth is the appropriate constraint on asset holding , and therefore on the demand for money , should go without saying , as it should that the rates of return ...
Síða 91
... relevant among the alternatives that are forgone by holding cash . There is merit in both these arguments , but they ignore the fact that much work has been done on the problem of the term structure of interest rates , the ...
... relevant among the alternatives that are forgone by holding cash . There is merit in both these arguments , but they ignore the fact that much work has been done on the problem of the term structure of interest rates , the ...
Síða 96
... relevant alternative asset to domestic money and measured the opportunity cost of holding money by the forward premium in the foreign exchange market , arguing that this premium measured directly the expected rate of inflation . Here ...
... relevant alternative asset to domestic money and measured the opportunity cost of holding money by the forward premium in the foreign exchange market , arguing that this premium measured directly the expected rate of inflation . Here ...
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