Money supply, money demand, and macroeconomic models /
Havrilesky, Thomas M.
Money supply, money demand, and macroeconomic models / - 2nd ed. - Arlington Heights, Ill. : H. Davidson, c1982. - xvi, 528 p. : ill
Authors' names in reverse order in 1st ed. 1972.
Includes bibliographical references and index.
This book examine the econometric implications of two alternative theories of the monetary process. Both the neo-Keynesians and the Monetarist see a general portfolio balance mechanism at work in the economy, but agreement seems to stop there. Their divergent views concerning the importance of interest rates, the direction of effect of money on interest rates, the nature of price determination, and the feasibility of representing the adjustment process econometrically have been discussed.
0882954083 (pbk.)
Money supply.
Demand for money.
Monetary policy.
Macroeconomics.
HG221 / .H326 1982
332.4'01 / HAV
Money supply, money demand, and macroeconomic models / - 2nd ed. - Arlington Heights, Ill. : H. Davidson, c1982. - xvi, 528 p. : ill
Authors' names in reverse order in 1st ed. 1972.
Includes bibliographical references and index.
This book examine the econometric implications of two alternative theories of the monetary process. Both the neo-Keynesians and the Monetarist see a general portfolio balance mechanism at work in the economy, but agreement seems to stop there. Their divergent views concerning the importance of interest rates, the direction of effect of money on interest rates, the nature of price determination, and the feasibility of representing the adjustment process econometrically have been discussed.
0882954083 (pbk.)
Money supply.
Demand for money.
Monetary policy.
Macroeconomics.
HG221 / .H326 1982
332.4'01 / HAV