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MONEY IN THE I95OS AND 1960S
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A. A. Walters adjustment analysis argued ARTHUR SELDON autonomous expenditure balance of payments Bank of England Britain budgetary policy cash Charles Goodhart coefficient consol rate constant correlation DCE rule definition demand for money deposit account domestic credit expansion effect equation evidence expectations explain full employment Hobart Paper 27 important Institute of Economic inter-war Keynes Keynesian model liquid assets liquidity trap million Milton Friedman monetarist monetary multiplier monetary policy monetary squeeze money income money stock money supply months near-money Nicholas Kaldor nominal interest rate period portfolio post-war predicted price level price policy Professor Walters quantity of money quantity theory quarter Radcliffe rate of growth rate of interest ratio real income real output reduce relationship rise second edition stability statistics stock of money store of value theory of money tion value of transactions variable variation velocity of circulation Victor Morgan