Irving Fisher on His Head: The Consequences of Constant Threshold-Target Monitoring of Money Holdings

George A. Akerlof

78 citations0/0 files storedThe Quarterly Journal of Economics

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Monetary Policy and Economic Impact Economic Theory and Policy Economic theories and models

Abstract

I. Introduction, 169. — II. Relation between payments flows and money demand with threshold-target monitoring, 173. — III. Comments on the model, 178. — IV. Agreement with empirical evidence, 180. — V. Summary and conclusion, 182. — Appendix, 182.

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1952The Transactions Demand for Cash: An Inventory Theoretic Approach

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