The demand for money: theories and evidence
Saved in:
| Main Author: | |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
New York [u.a.]
Harper u. Row
1977
|
| Edition: | 2. ed. |
| Subjects: | |
| Online Access: | Inhaltsverzeichnis |
| Physical Description: | 182 S. |
| ISBN: | 0912212071 |
Staff View
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Record in the Search Index
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|---|---|
| adam_text | Titel: The demand for money
Autor: Laidler, David E. W
Jahr: 1977
Contents
Preface ix
Introduction 1
Parti. THE DEMAND FOR MONEY IN
A MACROECONOMIC FRAMEWORK
1. A Simple Macroeconomic Model 5
The Model 6
Shifts of the IS and LM Curves 12
The Model at Full Employment 18
Summary and Conclusions 21
2. The Effects of Alternative Formulations of the
Demand-for-Money Function 25
Alternative Specifications of the Demand-for-Money Function 25
Implications of the Alternatives with Unemployment 27
Implications of the Alternatives at Full Employment 30
Conclusions 33
Appendix A The Algebra of the Model 37
Appendix B The Wealth Effect 43
Part II. THEORIES OF THE DEMAND FOR MONEY
3. A Brief Overview 49
4. The Classics, Keynes, and the Modern
Quantity Theory 55
Irving Fisher s Version of the Quantity Theory 55
vi CONTENTS
The Cambridge Approach 59
The Keynesian Theory 63
Friedman and the Modern Quantity Theory 68
5. Further Developments in the Keynesian Approach
to the Theory of the Demand for Money 75
The Transactions Motive 76
The Precautionary Motive 81
The Speculative Motive 88
Conclusions 98
Part in. THE EMPIRIC AL EVIDENCE
6. Problems of Empirical Testing: The Data
and the Identification Problem 101
The Definition of Money 101
Measures of Income and Wealth 105
Measures of the Opportunity Cost of Holding Money 108
Other Variables in the Function 112
The Availability of Data 113
The Identification Problem 114
7. The Empirical Evidence on the Demand for Money 119
The Issues To Be Addressed 119
A Summary of the Evidence 120
The Role of Interest Rates 122
The Liquidity Trap 130
Stability of the Interest Rate-
Demand-for-Money Relationship 133
The Choice of Interest Rate 134
The Role of Expected Inflation 135
The Influence of the Price Level 137
The Choice of a Scale Variable 139
The Scale Variable and Time Lags in the Function 142
The Role of the Wage Rate 148
Economies of Scale 148
The Definition of Money 149
Concluding Remark 152
8. Some Tentative Conclusions 153
Relevance of the Evidence for Theories of the
Demand for Money 154
Implications of the Evidence for Macroeconomics 157
CONTENTS VÜ
Appendix C Two Dynamic Macromodels 163
An IS-LM Model with Expectation and Adjustment Lags 163
A Dynamic Model of Inflation 167
References 171
Index 179
|
| adam_txt |
Titel: The demand for money
Autor: Laidler, David E. W
Jahr: 1977
Contents
Preface ix
Introduction 1
Parti. THE DEMAND FOR MONEY IN
A MACROECONOMIC FRAMEWORK
1. A Simple Macroeconomic Model 5
The Model 6
Shifts of the IS and LM Curves 12
The Model at Full Employment 18
Summary and Conclusions 21
2. The Effects of Alternative Formulations of the
Demand-for-Money Function 25
Alternative Specifications of the Demand-for-Money Function 25
Implications of the Alternatives with Unemployment 27
Implications of the Alternatives at Full Employment 30
Conclusions 33
Appendix A The Algebra of the Model 37
Appendix B The Wealth Effect 43
Part II. THEORIES OF THE DEMAND FOR MONEY
3. A Brief Overview 49
4. The Classics, Keynes, and the Modern
Quantity Theory 55
Irving Fisher's Version of the Quantity Theory 55
vi CONTENTS
The Cambridge Approach 59
The Keynesian Theory 63
Friedman and the Modern Quantity Theory 68
5. Further Developments in the Keynesian Approach
to the Theory of the Demand for Money 75
The Transactions Motive 76
The Precautionary Motive 81
The Speculative Motive 88
Conclusions 98
Part in. THE EMPIRIC AL EVIDENCE
6. Problems of Empirical Testing: The Data
and the Identification Problem 101
The Definition of Money 101
Measures of Income and Wealth 105
Measures of the Opportunity Cost of Holding Money 108
Other Variables in the Function 112
The Availability of Data 113
The Identification Problem 114
7. The Empirical Evidence on the Demand for Money 119
The Issues To Be Addressed 119
A Summary of the Evidence 120
The Role of Interest Rates 122
The Liquidity Trap 130
Stability of the Interest Rate-
Demand-for-Money Relationship 133
The Choice of Interest Rate 134
The Role of Expected Inflation 135
The Influence of the Price Level 137
The Choice of a Scale Variable 139
The Scale Variable and Time Lags in the Function 142
The Role of the Wage Rate 148
Economies of Scale 148
The Definition of Money 149
Concluding Remark 152
8. Some Tentative Conclusions 153
Relevance of the Evidence for Theories of the
Demand for Money 154
Implications of the Evidence for Macroeconomics 157
CONTENTS VÜ
Appendix C Two Dynamic Macromodels 163
An IS-LM Model with Expectation and Adjustment Lags 163
A Dynamic Model of Inflation 167
References 171
Index 179 |
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| index_date | 2024-07-02T16:03:28Z |
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| isbn | 0912212071 |
| language | English |
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| spelling | Laidler, David E. W. 1938- Verfasser (DE-588)121225976 aut The demand for money theories and evidence 2. ed. New York [u.a.] Harper u. Row 1977 182 S. txt rdacontent n rdamedia nc rdacarrier Mathematisches Modell Demand for money Demand for money Mathematical models Geld (DE-588)4019889-3 gnd rswk-swf Theorie (DE-588)4059787-8 gnd rswk-swf Geldnachfrage (DE-588)4128444-6 gnd rswk-swf Mathematisches Modell (DE-588)4114528-8 gnd rswk-swf Theorie (DE-588)4059787-8 s DE-604 Geldnachfrage (DE-588)4128444-6 s Mathematisches Modell (DE-588)4114528-8 s 1\p DE-604 Geld (DE-588)4019889-3 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=015088408&sequence=000001&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 and evidence Mathematisches Modell Demand for money Demand for money Mathematical models Geld (DE-588)4019889-3 gnd Theorie (DE-588)4059787-8 gnd Geldnachfrage (DE-588)4128444-6 gnd Mathematisches Modell (DE-588)4114528-8 gnd |
| subject_GND | (DE-588)4019889-3 (DE-588)4059787-8 (DE-588)4128444-6 (DE-588)4114528-8 |
| title | The demand for money theories and evidence |
| title_auth | The demand for money theories and evidence |
| title_exact_search | The demand for money theories and evidence |
| title_exact_search_txtP | The demand for money theories and evidence |
| title_full | The demand for money theories and evidence |
| title_fullStr | The demand for money theories and evidence |
| title_full_unstemmed | The demand for money theories and evidence |
| title_short | The demand for money |
| title_sort | the demand for money theories and evidence |
| title_sub | theories and evidence |
| topic | Mathematisches Modell Demand for money Demand for money Mathematical models Geld (DE-588)4019889-3 gnd Theorie (DE-588)4059787-8 gnd Geldnachfrage (DE-588)4128444-6 gnd Mathematisches Modell (DE-588)4114528-8 gnd |
| topic_facet | Mathematisches Modell Demand for money Demand for money Mathematical models Geld Theorie Geldnachfrage |
| url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=015088408&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
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