What people are saying - Write a review
We haven't found any reviews in the usual places.
Comparison of the Three Approaches
1 other sections not shown
absolute liquidity preference adjustment process aggregate Anna Schwartz anticipated rate anticipated values assets assumption capital change in nominal consumption function demand for money demand function determined economists effect elasticity elementary event empirical equation 12 equation 48 equilibrium position explicitly Friedman and Schwartz function for money Hence income version income-expenditure theory institutional datum Irving Fisher John Maynard Keynes Keynes Keynesian liquidity trap long-run equilibrium magnitudes missing equation monetary growth monetary theory money balances money demanded money supplied National Bureau nominal income nominal interest rate nominal money nominal quantity nonhuman price level productive proposition quantity equation quantity of money rate of change rate of growth rate of interest rate of return real income real interest rate real output real quantity regard relevant right-hand side short-run side of equation simple quantity theory supply of money theoretical theory of nominal Tobin transmission mechanism variables velocity of circulation