Irving Fisher on his Head: The Consequences of Constant Threshold-Target Monitoring of Money Holdings
George Akerlof
The Quarterly Journal of Economics, 1979, vol. 93, issue 2, 169-187
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.
Date: 1979
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