Portfolio and Consumption Decisions: Towards a Model of the Transmission Process
This paper argues that a key difference between the monetarists and the neo-Keynesians is their respective views about how monetary policy works. Both views are shown to be special cases of the integrated model developed. The model is presented in such a form that it is a relatively straightforward empirical exercise to test for the relative merits of the two special cases. Preliminary evidence for Australia is presented.
Year of publication: |
1976
|
---|---|
Authors: | Purvis, Douglas D. |
Institutions: | Economics Department, Queen's University |
Saved in:
Saved in favorites
Similar items by person
-
Purvis, Douglas D., (1978)
-
James Tobin's Contributions to Economic Science
Purvis, Douglas D., (1981)
-
Technology, Trade and Factor Mobility
Purvis, Douglas D., (1971)
- More ...