作者:HIRSHLEIFER, J
作者单位:University of California System; University of California Los Angeles
作者:Friedman, M
作者单位:University of Chicago
摘要:This paper constructs a simple model for analyzing short-term economic fluctuations that bypasses the problem of the division of a change in nominal income between prices and output. The model combines one element from Irving Fisher (the difference between the nominal and the real interest rate) and one element from John Maynard Keynes (the determination of market interest rates by speculators with firmly held anticipations) with two empirical assumptions (a unit real income elasticity of dema...
作者:IJIRI, Y; SIMON, HA
作者单位:Carnegie Mellon University