The Demand for Money: Theories, Evidence, and ProblemsHarper & Row, 1985 - 178 síður |
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Síða 39
... theory was a perfect one . At the other extreme , if these variables turned out to explain nothing at all , the theory might be judged perfectly useless . ' Neither of these outcomes is very likely ; more probably the theory will turn ...
... theory was a perfect one . At the other extreme , if these variables turned out to explain nothing at all , the theory might be judged perfectly useless . ' Neither of these outcomes is very likely ; more probably the theory will turn ...
Síða 40
Theories, Evidence, and Problems David E. W. Laidler. theories involved , one can pick the best of them on the basis of a ... theory and " bad " if it fails to do so . In short , to learn about economic theory by referring to empirical ...
Theories, Evidence, and Problems David E. W. Laidler. theories involved , one can pick the best of them on the basis of a ... theory and " bad " if it fails to do so . In short , to learn about economic theory by referring to empirical ...
Síða 42
... theory that emerges from it rather than by philosophical discussions of its underlying assumptions . CONCLUDING COMMENT Theories of the demand for money based on an application of the general theory of demand are not logically ...
... theory that emerges from it rather than by philosophical discussions of its underlying assumptions . CONCLUDING COMMENT Theories of the demand for money based on an application of the general theory of demand are not logically ...
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