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The Demand for Money
The Supply of Money
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actual adaptive expectations aggregate demand aggregate supply analysis assets assume assumption average Barro basic behavior Cagan Chapter commodity Consequently consider constant consumption currency curve demand function denote deposits determined discussion dollar dynamic economy economy's effect emphasized equal equation equilibrium example exchange rate exogenous expression Federal Reserve Figure fluctuations foreign Friedman given gold standard growth rate household hyperinflation implies important increase inflation rate interest rate IS-LM issues Keynesian model labor latter macroeconomic magnitude market-clearing measure medium of exchange monetary authority monetary policy money balances money demand money growth money stock money supply nations nominal interest rate nonmonetary ounce output parameter percent period pertaining Pg/P Phillips curve policy rule positive price level procedure production quantity random variable rational expectations real business cycle relation relative price relevant result Section shocks silver solution specification steady-state stochastic theory tion transactions United white noise zero