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The Money Market: -Money demand: (E) Ad = L (r, Y) = .5Y - 50r -Exogenous Money Supply: m = 1200 -Aggregate Price Level:
The Money Market: -Money demand: (E) Ad = L (r, Y) = .5Y - 50r -Exogenous Money Supply: m = 1200 -Aggregate Price Level: p = 2 -Real-Money Balances: -Equilibrium in the Money Market:
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Mostly Harmless Econometrics An Empiricist's Companion
Authors: Joshua Angrist
1st Edition
1400829828, 9781400829828
