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eBook details
- Title: Monetary Anticipations and the Demand for Money: An Application for the South Asian Region (Monetary AND FISCAL Policy) (Report)
- Author : Pakistan Development Review
- Release Date : January 22, 1987
- Genre: Economics,Books,Business & Personal Finance,
- Pages : * pages
- Size : 303 KB
Description
1. INTRODUCTION While there are a number of issues in economics which are frequently scrutinized, the most important of them probably is the determination of a stable money demand function. Other issues in this regard relate to the choice between (i) broad vs narrow definition of money; (ii) measured vs. permanent income; (iii) short-term vs. long-term interest rate; and (iv) inclusion of a variable for inflation or expected inflation.