The demand for money: theories, evidence, and problems
Saved in:
| Main Author: | |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
New York, NY
HarperCollins College Publ.
1993
|
| Edition: | 4. ed. |
| Series: | The HarperCollins series in economics
|
| Subjects: | |
| Online Access: | Inhaltsverzeichnis |
| Physical Description: | XIV, 210 S. graph. Darst. |
| ISBN: | 0065010981 |
Staff View
MARC
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| 245 | 1 | 0 | |a The demand for money |b theories, evidence, and problems |c David E. W. Laidler |
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Record in the Search Index
| _version_ | 1804122537613852672 |
|---|---|
| adam_text | Contents
Preface xi
Part One
THE MACROECONOMIC FRAMEWORK 1
CHAPTER 1 THE ROLE OF THE
DEMAND FUNCTION 3
Elements of Supply and Demand Analysis 3
The Case of Money 6
CHAPTER 2 THE DEMAND FOR MONEY
IN A FIXED PRICE LEVEL
MACROECONOMIC MODEL 8
Introductory Comment 8
The Fixed Price Model 9
Shifts of the LM and IS Curves 14
Alternative Assumptions About the
Relationship Between the Interest Rate
and the Demand for Money 19
CHAPTER 3 PRICE FLEXIBILITY
IN THE MACROMODEL 24
Introductory Comment 24
Nominal Money and Real Money 24
The Aggregate Demand Curve 25
The Long Run Aggregate Supply Curve 30
Aggregate Supply in the Short Run 32
Questions About the Demand for Money 36
vli
Part Two
THEORIES OF THE DEMAND FOR MONEY 39
CHAPTER 4 A BRIEF OVERVIEW 41
Methodological Considerations 41
Alternative Theoretical Approaches 42
Concluding Comment 45
CHAPTER 5 THE CLASSICS, KEYNES, AND THE
MODERN QUANTITY THEORY 46
Irving Fisher s Version of the Classical Quantity
Theory 46
The Cambridge Approach to the Classical
Quantity Theory 49
Keynesian Theory 51
The Keynesian Demand for Money Function 54
Friedman s Modern Quantity Theory 56
A Formal Statement of Friedman s Model 60
CHAPTER 6 THE DEMAND FOR MONEY
AS A MEANS OF EXCHANGE 62
Introductory Comment 62
The Baumol Tobin Model of the Transactions
Demand for Money 63
The Precautionary Motive 67
Shopping Time and the Demand for Money 74
Concluding Comment 76
CHAPTER 7 THE DEMAND FOR MONEY
AS AN ASSET 77
Introductory Comment 77
Interest Rate Risk and the Demand for
Money 77
The Demand for Money Interest Rate
Relationship 81
Money in the Overlapping Generations
Model 86
Concluding Comment 89
Part Three
DATA PROBLEMS AND ECONOMETRIC ISSUES 91
CHAPTER 8 MEASURING THE VARIABLES
OF THE DEMAND FOR MONEY
FUNCTION 93
Introductory Comment 93
The Measurement of Money 93
Income and Wealth 98
Expected Income 100
Returns on Alternative Assets 103
The Own Rate of Return on Money 105
The Expected Inflation Rate 107
Other Variables 110
Concluding Comment 111
CHAPTER 9 SOME ECONOMETRIC ISSUES 112
Introductory Comment 112
The Identification Problem 112
Simultaneity 116
Period and Frequency of Observations 118
Adjustment Costs and the Short Run
Demand for Money Function 120
Econometric Problems with the Lagged
Dependent Variable 123
Economic Problems with the Lagged Dependent
Variable 125
Individual and Market Adjustments—Money
Holdings as Buffer Stocks, and
Identification Again 127
Co Integration and Error Correction
Analysis 130
Concluding Comment 132
Part Four
THE EMPIRICAL EVIDENCE
ON THE DEMAND FOR MONEY 135
CHAPTER 10 AN OVERVIEW
OF THE EVIDENCE 137
The Issues to Be Addressed 137
A Summary of the Evidence 138
CHAPTER 11 THE INFLUENCE OF THE
OPPORTUNITY COST OF
HOLDING MONEY 141
Early Work on the Role of Interest Rates 141
Later Results 143
Negative Results on Interest Rate Effects 145
Econometric Issues 146
The Own Rate of Return on Money 149
The Liquidity Trap 150
The Asset Demand for Money and Money s
Backing 152
The Stability of the Demand for Money Interest
Rate Relationship 153
The Choice of Interest Rate 155
The Role of Expected Inflation 157
Concluding Comment 159
CHAPTER 12 OTHER VARIABLES AND THE
QUESTION OF STABILITY 160
The Influence of the Price Level 160
The Choice of a Scale Variable 163
The Real Wage, Economies of Scale, and
Institutional Change 168
Instability in the Demand for Money
Function 170
Possible Sources of Instability in the Long Run
Demand for Money Function 172
Possible Sources of Instability in the Short Run
Dynamics of the Demand for Money 175
Concluding Comment 178
CHAPTER 13 TENTATIVE CONCLUSIONS 179
Introductory Comment 179
Implications of the Evidence for Theories of the
Demand for Money 179
Implications of the Evidence for
Macroeconomics 183
Interpreting Instability in the Demand for Money
Function 186
Concluding Comment 189
Bibliography 190
Index 204
|
| any_adam_object | 1 |
| author | Laidler, David E. W. 1938- |
| author_GND | (DE-588)121225976 |
| author_facet | Laidler, David E. W. 1938- |
| author_role | aut |
| author_sort | Laidler, David E. W. 1938- |
| author_variant | d e w l dew dewl |
| building | Verbundindex |
| bvnumber | BV008153735 |
| callnumber-first | H - Social Science |
| callnumber-label | HG226 |
| callnumber-raw | HG226.5.L35 1993 |
| callnumber-search | HG226.5.L35 1993 |
| callnumber-sort | HG 3226.5 L35 41993 |
| callnumber-subject | HG - Finance |
| classification_rvk | QC 320 QK 220 |
| ctrlnum | (OCoLC)25630883 (DE-599)BVBBV008153735 |
| dewey-full | 332.4/01 332.4/0120 |
| dewey-hundreds | 300 - Social sciences |
| dewey-ones | 332 - Financial economics |
| dewey-raw | 332.4/01 332.4/01 20 |
| dewey-search | 332.4/01 332.4/01 20 |
| dewey-sort | 3332.4 11 |
| dewey-tens | 330 - Economics |
| discipline | Wirtschaftswissenschaften |
| edition | 4. ed. |
| format | Book |
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| isbn | 0065010981 |
| language | English |
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| publishDate | 1993 |
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| spelling | Laidler, David E. W. 1938- Verfasser (DE-588)121225976 aut The demand for money theories, evidence, and problems David E. W. Laidler 4. ed. New York, NY HarperCollins College Publ. 1993 XIV, 210 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier The HarperCollins series in economics Econométrie Geldverkeer gtt Modèle mathématique Monnaie Monnaie - Demande Monnaie - Demande - Modèles mathématiques Monnaie - Modèle mathématique ram Vraag en aanbod gtt Wiskundige modellen gtt Mathematisches Modell Demand for money Demand for money -- Mathematical models Theorie (DE-588)4059787-8 gnd rswk-swf Mathematisches Modell (DE-588)4114528-8 gnd rswk-swf Geld (DE-588)4019889-3 gnd rswk-swf Geldnachfrage (DE-588)4128444-6 gnd rswk-swf Geldnachfrage (DE-588)4128444-6 s Mathematisches Modell (DE-588)4114528-8 s DE-604 Geld (DE-588)4019889-3 s 1\p DE-604 Theorie (DE-588)4059787-8 s 2\p DE-604 HBZ Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=005380786&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis 1\p cgwrk 20201028 DE-101 https://d-nb.info/provenance/plan#cgwrk 2\p cgwrk 20201028 DE-101 https://d-nb.info/provenance/plan#cgwrk |
| spellingShingle | Laidler, David E. W. 1938- The demand for money theories, evidence, and problems Econométrie Geldverkeer gtt Modèle mathématique Monnaie Monnaie - Demande Monnaie - Demande - Modèles mathématiques Monnaie - Modèle mathématique ram Vraag en aanbod gtt Wiskundige modellen gtt Mathematisches Modell Demand for money Demand for money -- Mathematical models Theorie (DE-588)4059787-8 gnd Mathematisches Modell (DE-588)4114528-8 gnd Geld (DE-588)4019889-3 gnd Geldnachfrage (DE-588)4128444-6 gnd |
| subject_GND | (DE-588)4059787-8 (DE-588)4114528-8 (DE-588)4019889-3 (DE-588)4128444-6 |
| title | The demand for money theories, evidence, and problems |
| title_auth | The demand for money theories, evidence, and problems |
| title_exact_search | The demand for money theories, evidence, and problems |
| title_full | The demand for money theories, evidence, and problems David E. W. Laidler |
| title_fullStr | The demand for money theories, evidence, and problems David E. W. Laidler |
| title_full_unstemmed | The demand for money theories, evidence, and problems David E. W. Laidler |
| title_short | The demand for money |
| title_sort | the demand for money theories evidence and problems |
| title_sub | theories, evidence, and problems |
| topic | Econométrie Geldverkeer gtt Modèle mathématique Monnaie Monnaie - Demande Monnaie - Demande - Modèles mathématiques Monnaie - Modèle mathématique ram Vraag en aanbod gtt Wiskundige modellen gtt Mathematisches Modell Demand for money Demand for money -- Mathematical models Theorie (DE-588)4059787-8 gnd Mathematisches Modell (DE-588)4114528-8 gnd Geld (DE-588)4019889-3 gnd Geldnachfrage (DE-588)4128444-6 gnd |
| topic_facet | Econométrie Geldverkeer Modèle mathématique Monnaie Monnaie - Demande Monnaie - Demande - Modèles mathématiques Monnaie - Modèle mathématique Vraag en aanbod Wiskundige modellen Mathematisches Modell Demand for money Demand for money -- Mathematical models Theorie Geld Geldnachfrage |
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