The Demand for Money: Theories, Evidence, and ProblemsHarper & Row, 1985 - 178 síður |
From inside the book
Niðurstöður 1 - 3 af 46
Síða 50
... demand for money . There is room for debate about the appropriateness of ... demand- for - money function does not include an interest rate variable , it is ... transactions motive " as an impor- tant - but by no means the only - factor ...
... demand for money . There is room for debate about the appropriateness of ... demand- for - money function does not include an interest rate variable , it is ... transactions motive " as an impor- tant - but by no means the only - factor ...
Síða 64
... transactions and the nominal value of the brokerage fee vary in proportion to the price level , producing a proportional relationship between the demand ... demand for money seriously . They suggest that not only may a linear demand - for ...
... transactions and the nominal value of the brokerage fee vary in proportion to the price level , producing a proportional relationship between the demand ... demand for money seriously . They suggest that not only may a linear demand - for ...
Síða 82
... transactions demand . All in all there is little , if anything , that one can say about the issues involved in measuring the money stock relevant to transactions demand theo- ries that is generally true of all times and places . In some ...
... transactions demand . All in all there is little , if anything , that one can say about the issues involved in measuring the money stock relevant to transactions demand theo- ries that is generally true of all times and places . In some ...
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