Profiling the status of Philippine marine fisheries: A general introduction and overview
The analysis of money demand functions has a long tradition in the development of monetary economics. Considered as important tools to integrate general price levels and inflation into the analysis. money demand functions are not ad hoc results but represent optimal individual responses. This paper...
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| Main Authors: | , , , , |
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| Format: | text |
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Animo Repository
2004
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| Subjects: | |
| Online Access: | https://animorepository.dlsu.edu.ph/faculty_research/7635 |
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| Institution: | De La Salle University |
| Summary: | The analysis of money demand functions has a long tradition in the development of monetary economics. Considered as important tools to integrate general price levels and inflation into the analysis. money demand functions are not ad hoc results but represent optimal individual responses. This paper focuses on the shopping time model which considers money as an intermediate good that is held by households to reduce shopping time. The shopping time model concludes that economic agents will hold on to real money balances as long as the marginal return to holding money is equal to the marginal cost of doing so. This paper concludes that the level of real money holdings will be higher with incorporation of habits in the shopping time technology of consumers. |
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