The Demand for Money: Theories, Evidence, and ProblemsHarper & Row, 1985 - 178 síður |
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Síða 93
... variations in such a return ought to lead to variations in the quantity of money demanded . Despite the foregoing arguments , the great majority of the empirical stud- ies dealt with below have treated money , whether broadly or ...
... variations in such a return ought to lead to variations in the quantity of money demanded . Despite the foregoing arguments , the great majority of the empirical stud- ies dealt with below have treated money , whether broadly or ...
Síða 99
... variations in the nominal quantity of money demanded , it is also true that variations in the nominal quantity of money supplied ( among other variables ) lead to variations in income , the price level , and the rate of interest . When ...
... variations in the nominal quantity of money demanded , it is also true that variations in the nominal quantity of money supplied ( among other variables ) lead to variations in income , the price level , and the rate of interest . When ...
Síða 134
... variations in the inflation rate influenced the demand for " idle " balances , and that Melitz ( 1976 ) , in a study of France , found the expected inflation rate a more important opportunity cost variable than any market interest rate ...
... variations in the inflation rate influenced the demand for " idle " balances , and that Melitz ( 1976 ) , in a study of France , found the expected inflation rate a more important opportunity cost variable than any market interest rate ...
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