search query: @indexterm Consumer demand / total: 281
reference: 170 / 281
| Author: | Barr, D. G. Cuthberston, K. |
| Title: | Neoclassical consumer demand theory and the demand for money |
| Journal: | Economic Journal
1991 : JUL, VOL. 101:407, p. 855-876 |
| Index terms: | ECONOMIC THEORY CONSUMER DEMAND MONETARY POLICY CHOICE THEORY |
| Language: | eng |
| Abstract: | Theories of the demand for money and other financial assets are an important strand in monetary economics. The impact of monetary policy is generally thought to depend crucially on behaviour in financial markets. The authors argue that it is more useful to approach the demand for assets and money in particular, from the standpoint of neoclassical demand theory, rather than from considering explicit "motives" for holding money. It is shown that this approach is tractable, yet allows one to test the basic axioms of rational choice. Yet, like all theories it too has its own restrictive assumptions which are made explicit in the paper. |
SCIMA