Monetary Economics: Theory and Policy |
Contents
Episodes in U S Monetary History | 15 |
Basic Concepts | 16 |
The Demand for Money | 33 |
Copyright | |
16 other sections not shown
Other editions - View all
Common terms and phrases
actual adaptive expectations aggregate demand aggregate supply analysis assume assumption average B₁ b₂ Barro basic behavior c₁ Cagan Chapter commodity commodity-money constant currency curve demand function denote deposits determined discussion dynamic e₁ economy economy's effect equal equation equilibrium example exchange rate exogenous expression Figure fluctuations Friedman given gold standard growth rate implies increase inflation rate interest rate IS-LM Keynesian model labor latter Lucas critique m₁ macroeconomic magnitude market-clearing measure medium of exchange monetary authority monetary policy money demand money growth money stock money supply neutrality of money nominal nominal interest rate nonmonetary ounce output P₁ parameters percent period pertaining Phillips curve policy rule positive price level procedure quantity R₁ random variable rational expectations relation relative price relevant Section shocks silver solution specification steady-state stochastic theory tion u₁ United v₁ white noise y₁ zero μ₁