𝔖 Bobbio Scriptorium
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Adjustment Costs and the Demand for Inputs: A Graphical Exposition

✍ Scribed by P. N. Junankar


Book ID
125647175
Publisher
Springer-Verlag
Year
1975
Tongue
English
Weight
485 KB
Volume
10
Category
Article
ISSN
0019-4670

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Target-bounds models and buffer stock models in the presence of adjustment costs imply nonlinear functional forms for the aggregate demand for money characterized by smooth adjustment towards long-run equilibrium. This paper presents a stable empirical model for the demand for narrow money in Italy