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The Market for Money and the Market for Credit. Theory, Evidence and Implications for Dutch Monetary Policy.
Korteweg, P.; Loo, P.D.Van
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Description for The Market for Money and the Market for Credit. Theory, Evidence and Implications for Dutch Monetary Policy.
Paperback. Num Pages: 106 pages, biography. BIC Classification: KC. Category: (P) Professional & Vocational. Dimension: 229 x 152 x 7. Weight in Grams: 370.
In most Keynesian-type macroeconomic models the financial sector is modelled in terms of money demand, money supply and money market equilibrium. The market equations for private and government debt, i.e. credit, are implicit in these models by virtue of Walras' Law and need not be explicitly specified. Market equations for existing physical capital, or shares in capital, are absent from these models on the tacit assumption that physical capital cannot be traded and, consequently, has no market price. Money in these models is a substitute for private and government debt, not for current output, let alone for physical capital (or ... Read more
In most Keynesian-type macroeconomic models the financial sector is modelled in terms of money demand, money supply and money market equilibrium. The market equations for private and government debt, i.e. credit, are implicit in these models by virtue of Walras' Law and need not be explicitly specified. Market equations for existing physical capital, or shares in capital, are absent from these models on the tacit assumption that physical capital cannot be traded and, consequently, has no market price. Money in these models is a substitute for private and government debt, not for current output, let alone for physical capital (or ... Read more
Product Details
Format
Paperback
Publication date
1977
Publisher
Wolters-Noordhoff B.V. Netherlands
Number of pages
106
Condition
New
Number of Pages
106
Place of Publication
Groningen, Netherlands
ISBN
9789020706857
SKU
V9789020706857
Shipping Time
Usually ships in 15 to 20 working days
Ref
99-15
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