The Demand for Money: Theories, Evidence, and Problems

The Demand for Money documents the residual effects of monetarism, which now form a part of the economic mainstream. David Laidler conducts an eye-opening investigation of the importance of the demand for money, particularly in light of interest rates and income levels. He has also honed his treatment of the fixed-price IS-LM model, presenting it as a prelude to developing the demand side of an aggregate demand and supply framework, and expanded the discussions of data and econometrics. This text encourages students to question the debt of our knowledge about the monetary sector, encouraging further excursions in search of first-hand experience.