The Rate of Interest: And Other EssaysMacmillan, 1952 - 170 páginas |
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Página 13
... rate of interest on bills . What effect does this have upon the bond rate ? The bond rate is bound to be affected , for even if all owners of wealth have strong preferences , and are settled far from the frontier between bonds and bills ...
... rate of interest on bills . What effect does this have upon the bond rate ? The bond rate is bound to be affected , for even if all owners of wealth have strong preferences , and are settled far from the frontier between bonds and bills ...
Página 14
... rate of interest can occur . It ... rate per annum , and a rise in today's price of bonds by 1 % means a fall in the bond rate of interest in the ratio 400 : 401.1 Suppose , for example , that there is a clear expectation that the bond ...
... rate of interest can occur . It ... rate per annum , and a rise in today's price of bonds by 1 % means a fall in the bond rate of interest in the ratio 400 : 401.1 Suppose , for example , that there is a clear expectation that the bond ...
Página 18
... rate will be equal to that value today . ( In this case liquidity preference in Keynes ' sense is absolute . ) So ... bond rate is below its past average , expectations tend to be revised as time goes by , and the demand for money ...
... rate will be equal to that value today . ( In this case liquidity preference in Keynes ' sense is absolute . ) So ... bond rate is below its past average , expectations tend to be revised as time goes by , and the demand for money ...
Conteúdo
INTRODUCTION THE RATE OF INTEREST | 1 |
Changes in the Quantity of Money and | 3 |
Expectations | 5 |
Direitos autorais | |
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Termos e frases comuns
acceleration principle Alpha amortisation amount analysis argument available labour bill rate bond rate boom borrowing capital cost capital per unit capitalist commodities constant consumption demand for money economy effective demand entrepreneurs expanding expectations factors of production fall firms full employment future given rate Harrod increment industry influence innovations interest rates investment plans Kalecki Keynes labour cost liquidity preference long rate ment money wages national income normal normal profits output per man-hour owners of wealth period plant proportion quantity of money raise rate of accumulation rate of exploitation rate of growth rate of interest rate of investment rate of output rate of profit ratio real wage reduces rentier rise Rosa Luxemburg short rate slump steady stock of capital supply of finance suppose technical progress technique terms of product Theory 21 tion unchanged unit of output wage rates wage units wheat workers