The Demand for Money: Theories, Evidence, and ProblemsHarper & Row, 1985 - 178 síður |
From inside the book
Niðurstöður 1 - 3 af 48
Síða 3
... role of the demand function in economic analysis , let us look more closely at this latter relationship . To begin with , it is drawn on an " other things equal " basis . More specifically , elementary consumer theory tells us that , in ...
... role of the demand function in economic analysis , let us look more closely at this latter relationship . To begin with , it is drawn on an " other things equal " basis . More specifically , elementary consumer theory tells us that , in ...
Síða 119
... role for the expected inflation rate during the extremely mild inflations that characterized most advanced economies until the mid - 1960s , more recent work in the United States has taken account of the effects of the higher inflation ...
... role for the expected inflation rate during the extremely mild inflations that characterized most advanced economies until the mid - 1960s , more recent work in the United States has taken account of the effects of the higher inflation ...
Síða 121
... ROLE OF INTEREST RATES Much empirical work , particularly early work , on the demand - for - money func- tion has taken it for granted that the crucial issue to be investigated is the relationship between the demand for money and the ...
... ROLE OF INTEREST RATES Much empirical work , particularly early work , on the demand - for - money func- tion has taken it for granted that the crucial issue to be investigated is the relationship between the demand for money and the ...
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