The Demand for Money: Theories, Evidence, and ProblemsHarper & Row, 1985 - 178 síður |
From inside the book
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Síða 52
... speculative demand for money , ( 2 ) a speculative demand for money equal to the individual's available wealth , and ( 3 ) any demand for money be- tween these two extremes . For the aggregate economy , however , it is postulated that ...
... speculative demand for money , ( 2 ) a speculative demand for money equal to the individual's available wealth , and ( 3 ) any demand for money be- tween these two extremes . For the aggregate economy , however , it is postulated that ...
Síða 53
... demand function for money , with W representing real wealth , Ma = [ kY + l ( r ) W ] P ( 5.9 ) The first term within the brackets represents transactions and precautionary balances , and the second term represents speculative balances ...
... demand function for money , with W representing real wealth , Ma = [ kY + l ( r ) W ] P ( 5.9 ) The first term within the brackets represents transactions and precautionary balances , and the second term represents speculative balances ...
Síða 54
... demand for money , it is not the only one that is important in the context of the model described in Part I of this book . His analysis of the speculative demand for money rests on the proposition that at any moment there is a value ...
... demand for money , it is not the only one that is important in the context of the model described in Part I of this book . His analysis of the speculative demand for money rests on the proposition that at any moment there is a value ...
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