Zusammenfassung
Vermöge der Geldmarktgleichung im Sinne des Grundmodells der Beschäftigungstheorie — also einer Wirtschaft mit Papierwährung — wird im Rahmen der Totalanalyse der Gleichgewichtswert der Kaufkraft des Geldes 1/p bestimmt. Im 4. Kapitel wurde der Geldmarkt als Markt für Zentralbankgeld dargestellt. Angeboten und nachgefragt wird Zentralbankgeld in Gestalt von Zentralbanknoten und Zentralbankguthaben (definitives Papiergeld). Unmittelbar ermittelt wird hier also die Kaufkraft des Zentralbankgeldes.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
Literatur
J. Tobin, “Liquidity Preference as Behavior Towards Risk”, Review of Economic Studies, Vol. 25, 1958, S. 65–86.
J.R. Hicks, “A Sugestion for Simplifying the Theory of Money”, Economica, Vol. 2, 1935, S. 1–19.
D. Patinkin, “The Role of the ‘Liquidity Trap’ in Keynesian Economics”, Banca Nazionale del Lavoro, Quarterly Review, vol. 27, 1974, S. 3–11.
D. Patinkin, Money, Interest, and Prices, 2nd ed., S. 345–355, New York 1965.
R.L. Teigen, “Demand and Supply for Money in the United States: Some Structural Estimates”, Econometrica, Vol. 32, 1964, S. 476–509.
H. Konig, “Einkommenskreislaufgeschwindigkeit des Geldes und Zinssatzanderungen: Eine okonometrische Studie uber die Geldnachfrage der BRD”, Zeitschrift für die gesamte Staatswissenschaft, Vol. 124, 1968, S. 70–90
U. Westphal, Theoretische und empirische Untersuchungen zur Geldnachfrage und zum Geldangebot, S. 32 ff., Tübingen 1970.
I. Fisher, The Purchasing Power of Money, S. 25 f., 2. Aufl., New York 1922.
B.P. Pesek, “Monetary Theory in the Post-Robertson ‘Alice in Wonderland Era”’, Journal of Economic Literature, Vol. 14, 1976, S. 856
J. Fisher The Purchasing Power of Money, S. 68 ff., 2. Aufl., New York 1922.
H.A. Latané, “Cash Balances and the Interest Rate—A Pragmatic Approach”, Review of Economics and Statistics, Vol. 36, 1954, S. 456–460
R.S. Thorn (ed.), Monetary Theory and Policy, New York 1966
T.L. Sargent, “Commodity Price Expectations and the Interest Rate”, Quarterly Journal of Economics, Vol. 83, 1969, S. 127–140.
M. Feldstein and O. Eckstein, “The Fundamental Determinants of the Interest Rate”, Review of Economics and Statistics, Vol. 52, 1970, S. 363–375.
A.H. Meltzer, “The Demand for Money: The Evidence from the Time Series”, Journal of Political Economy, Vol. 71, 1963, S. 219–246
R.S. Thorn (ed.), Monetary Theory and Policy, New York 1966, S. 133
M. Friedman, “The Demand for Money: Some Theoretical and Empirical Results”, Journal of Political Economy, Vol. 67, 1959, S. 327–351
R.S. Thorn (ed.), Monetary Theory and Policy, New York 1966, vgl. insbes. S. 97
H.G. Johnson, “Monetary Theory and Policy”, American Economic Review, Vol. 52, 1962, S. 335–384
R.S. Thorn (ed.), Monetary Theory and Policy, New York 1966, S. 13
M. Friedman, “The Demand for Money: Some Theoretical and Empirical Results”, Journal of Political Economy, Vol. 67, 1959, S. 327–351
R.S. Thorn (ed.), Monetary Theory and Policy, New York 1966
D.M. Jones, “The Demand for Money: A Review of the Empirical Literature”, Staff Economic Studies, Board of the Governors of the Federal Reserve System, 1966, S. 4.
B. M. Bronfenbrenner and T. Mayer, “Liquidity Functions in the American Economy”, Econometrica, Vol. 28, 1960, S. 814 n. 17
M.A. Latane, “Cash Balances and the Interest Rate—A Pragmatic Approach”, Review of Economics and Statistics, Vol. 36, 1954, S. 456–460.
M. Feldstein and O. Eckstein, “The Fundamental Determinants ofthe Interest Rate”, Review of Economics and Statistics, Vol. 52, 1970, S. 363–375
T.L. Sargent, “Commodity Price Expectations and the Interest Rate”, Quarterly Journal of Economics, Vol. 83, 1969, S. 127–140.
J. Tobin, “Commercial Banks as Creators of Money”, in: D. Carson (ed.), Banking and Monetary Studies, Homewood, Ill. 1963, S. 408–419
W.L. Smith and R.L. Teigen (eds.), Readings in Money, National Income and Stabilization Policy, 2. Aufl., Homewood Ill., 1970, S. 227.
H.G. Johnson, “Monetary Theory and Policy”, American Economic Review, Vol. 52, 1962, S. 335–384
R.S. Thorn (ed.), Monetary Theory and Policy, New York 1966, S. 24.
R.L. Teigen, “Demand and Supply Function for Money in the United States”, Econometrica, Vol. 32, 1964, S. 482
U. Westphal, Theoretische und empirische Untersuchungen zur Geldnachfrage und zum Geldangebot, S. 27, Tübingen 1970
K. Brunner and A.H. Meltzer, “Predicting Velocity: Implications for Theory and Policy”, Journal of Finance, Vol. 18, 1963, S. 324.
M. Friedman and D. Meiselman, “The Relative Stability of Monetary Velocity and the Investment Multiplier in the United States, 1897–1958”, in: E.C. Brown et al., Stabilization Policies, A Series of Research Studies Prepared for the Commission on Money and Credit, Englewood Cliffs, N.J. 1963, S. 165–268
A. Ando and F. Modigliani, “The Relative Stability of Monetary Velocity and the Investment Multiplier”, American Economic Review, Vol. 55, 1965, S. 693–728;
T. Mayer, “Multiplier and Velocitiy Analysis: An Evaluation”, Journal of Political Economy, Vol. 72, 1964, S. 563–574;
M. De Prano and T. Mayer, “Tests of the Relative Importance of Autonomous Expenditures and Money”, American Economic Review, Vol. 55, 1965, S. 729–752;
M. Friedman and D. Meiselman, “Reply to Ando and Modigliani and to De Prano and Mayer”, American Economic Review, Vol. 55, 1965, S. 753–785
D. Hester, “Keynes and the Quantity Theory. A Comment on the Friedman Meiselman CMC Paper”, Review of Economics and Statistics, Vol. 46, 1964, S. 364–368
R.H. Timberlake Jr., “The Stock ofMoney Substitutes”, Southern Economic Journal, Vol. 30, 1964, S. 253–260;
R.H. Timberlake Jr. and J. Fortson, “Time Deposits in the Definition of Money”, American Economic Review, Vol. 57, 1967, S. 190–194
M.K. Lewis, “Friedman Meiselman and Autonomous Expenditures”, American Economic Review, Vol. 57, 1967, S. 541–548
M. Neldner, Die Bestimmungsgründe des volkswirtschaftlichen Geldangebots, S. 192–217, Berlin-New York 1976.
B. K. Brunner and A.H. Meltzer, “Some Further Investigations of Demand and Supply Functions for Money”, Journal of Finance, Vol. 19, 1964, S. 249.
B. C.A. Phillips, Bank Credit, S. 74, New York 1920
A. J. Meigs, Free Reserves and the Money Supply, S. 45 f., Chicago 1962
G.R. Morrison, Liquidity Preferences of Commercial Banks, Chapter I, Chicago-London 1966
D. Orr and W.G. Mellon, “Stochastic Reserve Losses and Expansion of Bank Credit”, American Economic Review, Vol. 51, 1961, S. 614–623.
D. Hester and J.L. Pierce, Bank Management and Portfolio Behavior, New Haven-London 1975.
J.M. Keynes benutzte sie in seinen Büchern “A Tract on Monetary Reform”, London 1923
A.H. Meltzer, “The Behaviour of the French Money Supply 1938–1954”, Journal of Political Economy, Vol. 67, 1959, S. 275–296.
K. Brunner, “A Schema for the Supply Theory of Money”, International Economic Review, Vol. 2, 1961, S. 79–109
A.J. Meigs, Free Reserves and the Money Supply, Chicago 1962.
K. Brunner and A.H. Meltzer, “Some Further Investigations of Demand and Supply Functions for Money”, Journal of Finance, Vol. 19, 1964, S. 240–283
R.L. Teigen, “Demand and Supply Functions for Money in the United States: Some Structural Estimates”, Econometrica, Vol. 32, 1964, S. 476–509.
P. Cagan, Determinants and Effects of Changes in the Stock of Money, 1875–1960, New York-London 1965
C.A. Phillips, Bank Credit, S. 79, New York 1920
M. Keynes, A Treatise on Money, Vol. II, S. 53, London 1930
O. Pfleiderer, Artikel “Mindestreservepolitik” in: Handworterbuch der Sozialwissenschaft, Vol. 7, Stuttgart-Tübingen-Gottingen 1961, S. 349–359
M. Friedman, “How Much Monetary Growth”, The Morgan Guaranty Survey, Februar 1973, S. 5–10.
M.J. Hamburger, “Indicators of Monetary Policy: The Arguments and Evidence”, American Economic Review, Papers and Proceedings, Vol. 60, 1970, S. 32–39.
P.A. Frost, “Short-Run Fluctuations in the Money Multiplier, and Monetary Control”, Journal of Money, Credit and Banking, Vol. 9. 1977. S. 165–181
B.M. Friedman, “Targets, Instruments, and Indicators of Monetary Policy”, Journal of Monetary Economics, Vol. 1, 1975, S. 469.
P. Cagan, Determinants and Effects of Changes in the Stock of Money, 1875–1960, S. 9, New York 1965;
K. Brunner and A.H. Meltzer, “Some Further Investigations of Demand and Supply Functions for Money”, Journal of Finance, Vol. 19, 1964, S. 247.
K. Brunner, “A Schema for the Supply Theory ofMoney”, International Economic Review, Vol. 2, 1961, S. 105
F. Modigliani, R. Rasche, J.P. Cooper, “Central Bank Policy, the Money Supply, and the Short Term Rate of Interest”, Journal of Money, Credit and Banking, Vol. 2, 1970, S. 183.
Lektüre: Ergänzung
Samuelson, P.A.: Economics, 10th ed., Chapter 15–17. New York 1976.
Schneider, E.: Einführung in die Wirtschaftstheorie, III. Teil, 12. Aufl., Kapitel III. Tübingen 1973.
Newlyn, T.: Theory of Money. Oxford 1971.
Burger, A.E.: The Money Supply Process. Belmont, Calif., 1971.
Stucken, R.: Deutsche Geld- und Kreditpolitik 1914–1963, 3. Aufl., 1., 15.–19. Kapitel. Tübingen 1964
Vertiefung
Johnson, H.G.: Essays in Monetary Economics, Chapter II. London 1967.
Johnson, H.G.: Further Essays in Monetary Economics, Chapter I. London 1972.
Hicks, J.R.: Critical Monetary Theory, 1. Bis. 4 Essay. Oxford 1967
Thorn, R.S. (ed): Monetary Theory and Policy, Major Contributions to Contemporary Thought, Part II, IV, VI. New York 1966
Teigen R.L. (ed): Readings in Money, National Income and Stablization Policy, 4. Aulf., Chapter 1–2, Homewood, Ill. 1978.
Author information
Authors and Affiliations
Rights and permissions
Copyright information
© 1981 Springer-Verlag Berlin Heidelberg
About this chapter
Cite this chapter
Richter, R., Schlieper, U., Friedmann, W. (1981). Geldmarkt. In: Makroökonomik. Hochschultext. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-68226-1_7
Download citation
DOI: https://doi.org/10.1007/978-3-642-68226-1_7
Publisher Name: Springer, Berlin, Heidelberg
Print ISBN: 978-3-540-10998-3
Online ISBN: 978-3-642-68226-1
eBook Packages: Springer Book Archive