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Tekijä: | Chang, F.-R. |
Otsikko: | Homogeneity and the transactions demand for money |
Lehti: | Journal of Money, Credit and Banking
1999 : NOV, VOL. 31:4, p. 720-730 |
Asiasana: | Transactional analysis Money markets Banking |
Kieli: | eng |
Tiivistelmä: | The paper presents the properties of money demand implied by the Frenkel-Jovanovic inventory model.Without approximation, the money demand function is implicitly defined by the first-order condition of the model. |
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