On the Specification of the Demand for Money: The Real Rate of Return versus the Rate of Inflation.
When consumers are uncertain about future prices, it makes a difference whether anticipations with respect to the mathematical expectations of the real rate of return on money or anticipations with respect to the expected rate of inflation are used to explain changes in the demand for money. The dif...
| Published in: | Journal of Political Economy Vol. 84; no. 6; pp. 1353 - 1360 |
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| Format: | Article |
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University of Chicago Press
Dec76
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| Online Access: | View this record in EBSCOhost |