Conventional Demand for Money Functions

  • Apostolos Serletis


In our discussions of theories of macroeconomic behavior, we have talked about the demand for money function. As we saw, this function is a critical component in the formulation of monetary policy. Moreover, it has been argued over the years that a stable demand function for money is a necessary condition for money to exert a predictable influence on the economy so that control of the monetary aggregates can be a useful instrument of economic policy.


Money Demand Currency Equivalent Gross National Product Monetary Aggregate Partial Adjustment 
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Copyright information

© Springer Science+Business Media New York 2001

Authors and Affiliations

  • Apostolos Serletis
    • 1
  1. 1.University of CalgaryCanada

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