On the Theory of Economic PolicyNorth-Holland Publishing Company, 1963 - Počet stran: 78 |
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... Credit creation equation · • · • • Y = X - D DM - E M E = = m = mp TM ep му = - K = X - Y The new symbol K represents the extent of credit creation ; the last equation is based on the assumption that there are no idle cash balances and ...
... Credit creation equation · • · • • Y = X - D DM - E M E = = m = mp TM ep му = - K = X - Y The new symbol K represents the extent of credit creation ; the last equation is based on the assumption that there are no idle cash balances and ...
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1817 LIBRARIES balance of payments basic model boundary conditions BRARIES business cycle changes chapter CHIGAN MICHIGAN coefficients complicated conditional targets considered credit creation depend devaluation discussed effectiveness elimination employment example exports expressions factors formulae functions given hence important indicate indirect taxes instrument variables irrelevant variables large number LIBRARIES MICHIGAN linear matrix national income nominal wage rates NORTH HOLLAND number of instruments number of targets numerical values obtained payments deficit political parameters possible problems of economic profit margins public expenditure qualitative quantitative economic policy quantitative policy real national expenditure Real wage rate represent result rôle RSITY sense simplified version social equilibrium solution structural equations structural relations systematic systems of economic target values target variables targets and instruments tax rate technical theory of economic unconditional unconditional targets UNIV UNIVER UNIVERSIT UNIVERSITY various y₁ δλ