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Money and the economic problem
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actual adjustment adoption agents aggregate analysis approach argued arguments assets attempts authorities balances begin behaviour Britain Central Bank clear concerned constant contraction costs countries course curve deal demand for money dependent determined discussed domestic economy effects empirical equation equilibrium essay evidence example exchange rate existence expectations expenditure experiment face fact firms fiscal fluctuations follow given growth hence holdings hypothesis important increase individual inflation rate influence interest interest rates involved issues labour lead least long-run matter means monetarist monetary expansion monetary policy money function money income money supply natural neo-Austrian nominal nominal money noted operating output particular period possible price level problems quantity question rational real balances real income reason reducing relationship relative result rise role rule stability structure studies theory transmission mechanism unemployment United variables variations wage