The equation of exchange shows that total spending( equals the value of what is bought(Py) MV=PT(2) In the equation of exchange, the y was replaced by T, the total level of transactions, the total level of transactions exceeds the level of gdp, because there are many transactions that are not included in gDP Velocity figure on the left-hand side is called transaction velocity
The equation of exchange shows that total spending (MV) equals the value of what is bought(PY). MV=PT (2) In the equation of exchange, the Y was replaced by T, the total level of transactions ,the total level of transactions exceeds the level of GDP, because there are many transactions that are not included in GDP. Velocity figure on the left-hand side is called transaction velocity
Irving fisher欧文费雪 The Purchasing Power of money《货币的购买力》 Mv=PT或P=MVT 10
Irving Fisher 欧文•费雪 The Purchasing Power of Money《货币的购买力》 MV= PT 或 P = MV/T
The cambridge Approach 剑桥方程式 马歇尔( Alfred marshall 庇古( A C Pigou)
The Cambridge Approach 剑桥方程式 马歇尔(Alfred Marshall) 庇古(A´ C´Pigou)
The Cash-balance Approach 现金余额数量说是从货币需求量 或货而保有量的角度来分析货币数量 的一种理论
The Cash-balance Approach 现金余额数量说是从货币需求量 或货币保有量的角度来分析货币数量 的一种理论
马歇尔1923车出版了《货币、信用与声业》一书, 系统地提出了现金余额数量说。他将人们的财产和收 入可有三种用途 (1)用于消费 )投资于实物; (3)持有货币,形成所谓的现金余额。现金汆额 乐有量是人们将储存货币所得到的利益与购买消费所 得到的享受及投资于生产得到的收益加以权衡比软的 结果
马歇尔1923年出版了《货币、信用与商业》一书， 系统地提出了现金余额数量说。他将人们的财产和收 入可有三种用途： (1) 用于消费； (2) 投资于实物； (3) 持有货币，形成所谓的现金余额。现金余额 保有量是人们将储存货币所得到的利益与购买消费所 得到的享受及投资于生产得到的收益加以权衡比较的 结果