What people are saying - Write a review
We haven't found any reviews in the usual places.
Some Reflections on the Current State of the Monetarist Debate
23 other sections not shown
Other editions - View all
adjustment aggregate demand analysis assets assumption behavior billion borrowing budget commercial banks cost-push debt deficit demand deposits demand for money discount rate discussion economic effects equation equilibrium estimates excess demand exchange rates expected expenditures Federal Reserve System fiscal policy free reserves Friedman full employment function funds growth rate impact implies income increase inflation interest elasticity interest rates intermediaries investment Keynes Keynesian labor market liability management liquidity LM curve loans member banks ment Milton Friedman mone monetarist monetary policy money balances money stock money supply money wages mortgage multiplier nomic open market operations output payments percent period Phillips curve portfolio price level purchases rate of inflation rate of interest real wage reduce reference rates relative reserve requirements result rise sector shift spending stability supply of money target tary tion transmission mechanism unem unemployment rate variables velocity zero