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consumption and investment expenditures, as well as their broadly defined components, are examined. We also test for effects of … money on long run reallocations of consumption expenditures among durables, nondurables, and services. The time series …This paper tests for long run effects of money on real expenditures in the U.S. over the 1959-2002 period. Real …
Persistent link: https://www.econbiz.de/10005412854
Persistent link: https://www.econbiz.de/10001982872
Economic reality is constituted by economic objects such as goods, commodities, money, value, price, and exchange that …
Persistent link: https://www.econbiz.de/10005626833
the production and consumption decisions of the individual in one model. For each individual, it identifies the customers … customers. These relations deal with value (quantities and prices), payment (subsistence, barter, money, and bond) and …
Persistent link: https://www.econbiz.de/10005412698
high priority needs in the life, and smaller needs can be subsequent, for progressive happiness. Money cannot bring …
Persistent link: https://www.econbiz.de/10005408439
Keynes’s theory of a monetary economy and his liquidity preference theory of investment will be examined in order to … highlight the essential properties of money under the conditions of uncertainty, which inevitably prefigures the existence of …
Persistent link: https://www.econbiz.de/10008839509
between investment and unemployment, c) we show the revival of the Phillips curve, especially in Germany, d) we test for the …-current account relationship, showing first the relationship between unemployment and final consumption, h) and then between final … consumption, imports and corrent account, i) we show why a stable and growing inflation differential is not sustainable, but argue …
Persistent link: https://www.econbiz.de/10011261122
increasing the labor productivity and for choice of capital-saving technologies. … especially the planners from the Central Planning Office argued that the only way out is by significant increase of investment … intensive, the uninterrupted growth requires permanently increasing share of investment in the National Income. The opposite …
Persistent link: https://www.econbiz.de/10005790195
consumption-based. Prosperity if measured by the increased sale of consumer durables gives a partial impression of the underlying …
Persistent link: https://www.econbiz.de/10005620073
As per the researchers on monetary economics, a detailed account of the changing role of money from Walrasian and Non …-Walrasian settings to the more recent theories on the dynamics of the relationships between money, inflation and growth with reference to …
Persistent link: https://www.econbiz.de/10008533251