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The Demand for Money: Theories, Evidence, and Problems

David Laidler

Open publisher page 368 citations

Abstract

I. THE MACROECONOMIC FRAMEWORK. 1. The Role of the Demand Function. 2. The Demand for Money in a Fixed Price Level Macroeconomic Model. 3. Price Flexibility in the Macromodel. II. THEORIES OF THE DEMAND FOR MONEY. 4. A Brief Overview. 5. The Classics, Keynes, and the Modern Quantity Theory. 6. The Demand for Money as a Means of Exchange. 7. The Demand for Money as an Asset. III. DATA PROBLEMS AND ECONOMETRIC ISSUES. 8. Measuring the Variables of the Demand-for-Money Function. 9. Some Econometric Issues. IV. THE EMPIRICAL EVIDENCE ON THE DEMAND FOR MONEY. 10. An Overview of the Evidence. 11. The Influence of the Opportunity Cost of Holding Money. 12. Other Variables and the Question of Stability. 13. Tentative Conclusions.

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I. THE MACROECONOMIC FRAMEWORK. 1. The Role of the Demand Function. 2. The Demand for Money in a Fixed Price Level Macroeconomic Model. 3. Price Flexibility in the Macromodel. II. THEORIES OF THE DEMAND FOR MONEY. 4. A Brief Overview. 5. The Classics, Keynes, and the Modern Quantity Theory. 6. The Demand for Money as a Means of Exchange. 7. The Demand for Money as an Asset. III. DATA PROBLEMS AND ECONOMETRIC ISSUES. 8. Measuring the Variables of the Demand-for-Money Function. 9. Some Econometric Issues. IV. THE EMPIRICAL EVIDENCE ON THE DEMAND FOR MONEY. 10. An Overview of the Evidence. 11. The Influence of the Opportunity Cost of Holding Money. 12. Other Variables and the Question of Stability. 13. Tentative Conclusions.

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Available abstract

I. THE MACROECONOMIC FRAMEWORK. 1. The Role of the Demand Function. 2. The Demand for Money in a Fixed Price Level Macroeconomic Model. 3. Price Flexibility in the Macromodel. II. THEORIES OF THE DEMAND FOR MONEY. 4. A Brief Overview. 5. The Classics, Keynes, and the Modern Quantity Theory. 6. The Demand for Money as a Means of Exchange. 7. The Demand for Money as an Asset. III. DATA PROBLEMS AND ECONOMETRIC ISSUES. 8. Measuring the Variables of the Demand-for-Money Function. 9. Some Econometric Issues. IV. THE EMPIRICAL EVIDENCE ON THE DEMAND FOR MONEY. 10. An Overview of the Evidence. 11. The Influence of the Opportunity Cost of Holding Money. 12. Other Variables and the Question of Stability. 13. Tentative Conclusions.

Key concepts: Economics, Demand for money, Speculative demand, Demand curve, Broad money, Demand deposit, Endogenous money, Quantity theory of money

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