The Demand for Money: Theories, Evidence, and ProblemsHarper & Row, 1985 - 178 síður |
From inside the book
Niðurstöður 1 - 3 af 41
Síða 95
... studies of the influence of expectations about inflation on the so - called inflation - unemployment trade - off , some workers ( for example , Barro 1977 , 1978 ) have carried the rational expectations idea further still . It has been ...
... studies of the influence of expectations about inflation on the so - called inflation - unemployment trade - off , some workers ( for example , Barro 1977 , 1978 ) have carried the rational expectations idea further still . It has been ...
Síða 144
... studies . However , as already noted , several of these studies , and in particular some of those on the United States , also presented estimates of the demand- for - money function for subperiods , and these results seem to show that ...
... studies . However , as already noted , several of these studies , and in particular some of those on the United States , also presented estimates of the demand- for - money function for subperiods , and these results seem to show that ...
Síða 153
... studies of the matter - it does seem that wage levels , standing as a proxy for time and trouble brokerage costs , play a role in determining the demand for the narrowly defined money , which is par- ticularly relevant in the context of ...
... studies of the matter - it does seem that wage levels , standing as a proxy for time and trouble brokerage costs , play a role in determining the demand for the narrowly defined money , which is par- ticularly relevant in the context of ...
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