Neutrality of money is the idea that a change in the stock of money affects only nominal variables in the economy such as prices, wages, and exchange...
13 KB (1,737 words) - 04:25, 15 November 2023
In macroeconomics, money supply (or money stock) refers to the total volume of money held by the public at a particular point in time. There are several...
48 KB (5,521 words) - 20:17, 13 August 2024
Neutral (redirect from Neutrality)
relevance Neutrality (social choice), a principle that a voting rule should not discriminate apriori between candidates. Neutrality of money, the notion...
3 KB (433 words) - 05:03, 8 October 2023
Fisher insisted on the long-run neutrality of money, but admitted that money was not neutral during transition periods of up to 10 years. Another renowned...
41 KB (5,257 words) - 12:49, 25 August 2024
The velocity of money measures the number of times that one unit of currency is used to purchase goods and services within a given time period. In other...
8 KB (1,034 words) - 15:27, 23 August 2024
Rational expectations (redirect from Theory of rational expectations)
rational expectations, changes in the money supply do not have real effects on the economy and the neutrality of money holds. Lucas presents a theoretical...
14 KB (2,002 words) - 10:27, 15 April 2024
Real and nominal value (redirect from Nominal money)
accounting Inflation hedge Interest Money illusion National accounts Neutrality of money Numéraire Real interest rate Real prices and ideal prices Template:Inflation...
11 KB (1,714 words) - 06:30, 12 March 2024
the Long Run Non- Neutrality of Money", 1988, Cambridge JE Economics for a Civilized Society, with G. Davidson, 1988 "Keynes and Money" 1989, in Hill (ed...
31 KB (3,296 words) - 22:00, 1 July 2024
finance and economics, the nominal interest rate or nominal rate of interest is the rate of interest stated on a loan or investment, without any adjustments...
6 KB (862 words) - 14:24, 16 April 2024
Lucas aggregate supply function (redirect from Money surprise)
correlations between output and prices, but maintains the neutrality of money (the absence of a price or money supply relationship with output and employment) in...
8 KB (983 words) - 21:06, 11 June 2021